Economic recovery has been unusually sluggish and uneven across regional U.S. job markets, with employment set to stay low for years to come in areas that endured the recession’s worst, according to new research.
At the current pace of improvement, employment rates across the U.S. won’t return to normal levels until the 2020s, “amounting to more than a relative ‘lost decade’ of depressed employment for…half of the country,” University of California, Berkeley, economist Danny Yagan wrote in a working paper posted this week on his website. He said the research paper soon will go through peer review.
Recessions hit some places harder Read More

Source:: wsj