The Wall Street Journal is out today with a forecast of how long it will take for each state to recover economically.
Only two states are listed as beyond 2017 — Michigan and Nevada. Both states have hemorrhaged jobs and shed population.
Texas should be among the first to reach its pre-recession employment peak, according to IHS Global Insight research. Texas, like North Dakota, is adding energy jobs — real energy jobs in oil and gas and not Harry’s and Barry’s mythical green chimera jobs. The problem for Texas is that the number of jobs can’t keep up with the number of people moving there from places like Nevada and Michigan in search of work.
So what do the folks at the Brookings Institute say is the answer to recovery? First, they say our energy costs are already too high, and then they recommend investing in clean energy projects. But they do recommend pushing more mining, which makes sense.