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Four states have bounced back to pre-recession employment levels, and more are on the way, according to a report from
Information Handling Services (IHS). Alaska, North Dakota, Texas, and Louisiana—the four states benefitting most from
the energy boom—have all reached or passed their pre-recession employment levels. Most other states are within 5 percent,
but on the other end of the spectrum, 16 states still have fewer than 95 percent of their pre-recession job levels. Alabama,
Florida, Arizona, Michigan, Rhode Island, and Nevada each have at least 7 percent to make up before hitting their previous
peaks. Half of the United States is expected to be back to peak job levels in 2012–13, while the other half will not completely
recover until 2014 at the earliest. The majority of these states are expected to get back to their peaks in 2014–15, though
Nevada, Michigan, and Rhode Island are not expected to fully recover until 2017 or beyond.
Note: The state-by-state trends are based on a compilation
of March 2012 real estate public records data and proprietary
mortgage loan performance transactions provided by
Lender Processing Services, Inc. as well as a preliminary
unemployment rate for March 2012 based upon public
information from the Bureau of Labor Statistics.
Lender Processing Services, Inc. (LPS) is a provider of mortgage and consumer loan processing
services, mortgage settlement services, default solutions, and loan performance analytics, as well as solutions
for the real estate industry, capital markets investors, and government offices. Formed from a 2008 spin-off,
LPS' predecessor companies date back nearly half a century to the early beginnings of computing and
statistical services. LPS' high-performance technology, robust data, innovative services, and award-winning
customer support are why most of the nation's top 50 banks have chosen LPS to provide the solutions they
need in today's competitive marketplace. To learn more about LPS visit lpsvcs.com.
