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In December 2007, 6 years of economic growth ended as the U.S. economy entered the most severe recession since the Great Depression. Eighty-two percent of U.S. counties experienced job losses as a result of the recession, but some places were hit much harder than others, and some have recovered more rapidly. This report describes the nature and causes of this geographic variation, which include differences in the mix of industries that support the local economy, in population growth trends, and in the demographics of the local workforce. How did these factors lead to differences in employment outcomes between urban (metropolitan) and rural (nonmetropolitan) areas and among nonmetro counties? What explains geographic differences in the severity of unemployment during the recession and the pace of job growth since the end of the recession?
This report examines the effects of the recent major recession and gradual recovery on county employment and unemployment rates, with an emphasis on rural America. The recession was marked by a 6-percent contraction in nonfarm employment and a doubling of the national unemployment rate between 2007 and 2009. Geographic variation in both the employment effects of the recession and the pace of job growth during the recovery has been striking, with large differences between regions, between metro and nonmetro counties, and between more and less rural nonmetro counties. We document these geographic differences and analyze their causes, demonstrating the relative importance of factors such as the county's industrial composition, the age structure of the county's population, and the educational status of its workforce.
This report examines the effects of the recent major recession and gradual recovery on county employment and unemployment rates, with an emphasis on rural America. The recession was marked by a 6-percent contraction in non-farm employment and a doubling of the national unemployment rate between 2007 and 2009. Geographic variation in both the employment effects of the recession and the pace of job growth during the recovery has been striking, with large differences between regions, between metro and non-metro counties, and between more and less rural non-metro counties. We document these geographic differences and analyze their causes, demonstrating the relative importance of factors such as the county's industrial composition, the age structure of the county's population, and the educational status of its workforce.
Our rural communities are home to some of the most hard working and fiercely self-reliant Americans in the United States. Strong and secure rural communities are essential to creating an economy built to last that rewards hard work and responsibility--not outsourcing, loopholes, and risky financial deals. While the security of the middle class has been threatened by the irresponsible financial collapse and the worst economic downturn since the Great Depression, rural Americans continue to come together to work hard and make ends meet. The values that have helped hard-working, responsible families weather the storm continue to move our economy forward. This book discusses factors affecting former residents' returning to rural communities; rural employment trends in recession and recovery; the 2014 Farm Bill rural development provisions; the secure rural schools and community self-determination act of 2000' and the rural education achievement program.
Our rural communities are home to some of the most hard working and fiercely self-reliant Americans in the United States. Strong and secure rural communities are essential to creating an economy built to last that rewards hard work and responsibility -- not outsourcing, loopholes, and risky financial deals. While the security of the middle class has been threatened by the irresponsible financial collapse and the worst economic downturn since the Great Depression, rural Americans continue to come together to work hard and make ends meet. The values that have helped hard-working, responsible families weather the storm continue to move our economy forward. This book discusses factors affecting former residents' returning to rural communities; rural employment trends in recession and recovery; the 2014 Farm Bill rural development provisions; the secure rural schools and community self-determination act of 2000' and the rural education achievement program.