Economist Predicts NH Recovery in 2012by: Jennifer DalerWed Nov 17, 2010 at 17:36:16 PM EST |
|
(Bumped. - promoted by Dean Barker) Forecast Manager for the New England Economic Partnership and economist with the New Hampshire Center for Policy Studies Dennis Delay says the state is set to gain all the jobs lost in this recession by early 2012. He also says that this recession, saw less job loss in the state than the recession of the late 80s and early 90s. During that recession, Republicans were in charge and Judd Gregg was Governor. It was not as severe or as deep nationwide as the present one left by Bush & Co. in 2007-08 when New Hampshire had a Democratic Governor and Democratic majorities in both chambers of the state legislature. "The economic recovery is surprisingly broad-based," Delay said. "We've gained in manufacturing, construction, professional and business services, retail trade; we've seen job gains in government. Unemployment in the state peaked at 7.1 percent on a seasonally adjusted basis in February 2010 and declined to 5.5 percent in September. The state is expected to release the October rate later today. The present good news is being brought to you by Democrats. The policies and steady stewardship of the House and Senate over the last four years mitigated the recession's effect here. We'll see whether it will be maintained, and who takes/gets credit in the event of success. |