Job stability and growth are primary elements of an economic recovery. Current swings in unemployment rates indicate that happy days may be here again, but only for some U.S. states.
According to the U.S. Bureau of Labor Statistics, the unemployment gap by state for August 2014 ranged from a low of 2.8% to a high of 8.1%, with numerous variables determining the level and range of that recovery. Job availability, types of employment and population demographics all played a role in job growth.
Some states were clearly better off than others. Credit unions in those states were doing their best to help drive as well as profit from the recovery, but many still faced their own challenges.
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