Weatherford Opinion

May 27, 2014

Tax recovery anemic for some states, others booming

Although the economy is finally almost back to where it stood before the recent recession by some measures, other indicators remain depressingly off. Job gains have been spotty, both in terms of industry and geography. Some states are still struggling to deal with high unemployment and a lack of opportunities. In addition, long-term unemployment is a problem, with many job seekers giving up. Fallout from the recession also continues for state and local governments, which experienced notable declines in tax receipts when the economy went into recession.

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