Friday, November 13, 2009
West Virginia University Predicts Job Rebound
In its annual economic outlook, West Virginia University has predicted that, around the middle of 2010, the state economy should begin producing more jobs than it loses, while the recovery will be sluggish and centered on service industry jobs rather than on energy. It's predicted, through 2014, employment will grow 0.7% annually as the economy struggles to replace 22,600 job losses. State government uses the forecast to help formulate the budget and forecast revenue. Based on the latest revenue figures, the state has a $16 million shortfall, which is expected to grow to about $100 million by the end of the fiscal year which ends June 30th.
# posted by Homer Owens @ 5:11 AM 
