{"id":5365,"date":"2012-01-24T15:02:30","date_gmt":"2012-01-24T20:02:30","guid":{"rendered":"http:\/\/stateimpact.npr.org\/new-hampshire\/?p=5365"},"modified":"2012-01-24T15:02:30","modified_gmt":"2012-01-24T20:02:30","slug":"tracing-nhs-slog-toward-economic-recovery","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/new-hampshire\/2012\/01\/24\/tracing-nhs-slog-toward-economic-recovery\/","title":{"rendered":"Tracing NH’s Slog Toward Economic Recovery"},"content":{"rendered":"
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Truthout.org \/ Flickr<\/p>

How does NH's economic recovery look compared to the rest of the US?<\/p><\/div>\n

A recent piece in the <\/a>New York Times<\/a><\/em> lays out what many Americans already believe:
\nFor much of the country, economic recovery is a ways off.\u00a0 Reporter Michael Cooper writes:<\/p>\n

“Less than a tenth of the nation\u2019s metropolitan areas have regained the jobs they lost in the economic downturn, according to a report…<\/p>\n

Only 26 of the nation\u2019s 363 metropolitan areas had recovered their lost jobs by the end of 2011, and only 26 more are projected to recover them by end of this year, according to the report<\/a>, which was commissioned by the United States Conference of Mayors. It will take at least five years for the 80 hardest-hit areas to recover the jobs they lost, the report forecast.”<\/p><\/blockquote>\n

But what about New Hampshire’s economy<\/a>?\u00a0 Fortunately for us, IHS Global Insight cobbled together this nifty map<\/a> for the Times.\u00a0 (Our reporting follows below.)<\/p>\n

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IHS Global Insight \/ New York Times<\/p>

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<\/em>According to IHS estimates, Hillsborough County–where most of the state’s jobs are located–will see economic recovery between 2013 and 2015.\u00a0 In the interest of digging into this question a bit more, StateImpact got in touch with Dennis Delay, an economist at the New Hampshire Center for Public Policy Studies<\/a>.<\/p>\n

“The [economic] forecast I did last November called for recovery for the state in late 2013, early 2014,” Delay told us in an email.\u00a0 “That means the state will again have 650,000 jobs, which was the number of jobs we had in New Hampshire before the recession began.”<\/p>\n

“As far as the speed of the economic recovery, I am worried about that,” Delay continued.\u00a0 “That worry comes from the usual suspects that appear to be slowing growth – this includes the European debt crisis, continued weakness in housing markets, low consumer and investor confidence, and government at all levels under significant fiscal stress.”<\/p>\n

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