It’s not surprising after 20+ years of trickle down economics, corporate welfare, and an over-reliance on housing construction that Arizona has one of the worst performing economies in terms of job growth and employment opportunities.
Is it time for a change? An Arizona public bank could do wonders for the state’s economy because a state bank would invest in Arizona.
Check out this story about widespread unemployment and underemployment and slow economic growth from 24/7 Wall St.
While the labor market has improved significantly since the depths of the recession in 2009, high underemployment may be an indication that the economy is still struggling. As of the first quarter of 2014, 13.4% of the nation’s labor force was considered underemployed, meaning they were unemployed, were working only part-time despite wanting full-time jobs or would like a job but had given up on actively looking.
The underemployment rate has dropped from its peak of 16.7% in 2010, which indicates that the labor market has improved. However, underemployment is still well above its pre-recession levels. Based on underemployment data for the first quarter of 2014, we identified the states where it is hardest to find full-time work.
High underemployment is not unusual for many of these states. Even prior to the recession, five of the states…
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