The number of jobs in Louisiana is expected to return to pre-recession levels by 2012, according to a new report. IHS Global Insight says the state will recover quickly from the recession, since there was never a housing bubble and because of the oil industry.
According to preliminary figures from the Louisiana Workforce Commission, the state had about 15,000 fewer jobs in June, when compared with numbers from a year earlier. IHS says states in the Northeast and industrial Midwest will emerge more slowly from the recession; Connecticut, Indiana, Michigan, Ohio and Rhode Island aren’t projected to return to pre-recession job levels until after 2015.
