ANN ARBOR, Mich., July 31 (UPI) -- An economist says the weak recovery since the end of the U.S. recession in November 2001 has taken longer than a similar recovery in the early 1990s.
University of Michigan economist Donald Grimes says the current recovery has lasted nearly twice as long and has resulted in three times as many job losses -- 940,000 jobs vs. 300,000 jobs -- compared to the economic recovery in 1991-92.
"Even though the economic pain of a weak recovery has been much more equitably distributed among the states this time around, those that have been hit the hardest are, in general, the same states that were hurt the most during the previous recession," said Grimes, an economist with the UM Institute of Labor and Industrial Relations.
