Monday, December 28, 2009

Signs of Economic Recovery in State According to Non-Profit

According to the Keystone Research Center, a non-profit research organization in Harrisburg, the slowing down of job losses in the last quarter of this year is a sign of an economic recovery.

The unemployment rate fell 0.4 percentage points to 8.5 percent, which is better than it was.

Mark Price, a labor economist with the organization says 250,000 jobs need to be created to replace the jobs that have been lost and to provide labor for new workers entering the labor market.

The recession has affected workers of all age groups and more men than women since they tend to work in two of the hardest-hit industries, construction and manufacturing.

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