Most of 7 States That Have Lost Jobs Since Recession Are Shrinking

By Douglas A. McIntyre Updated Jan 12, 2:34AM EST · Published Mar 10, 9:05AM EST

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Most of 7 States That Have Lost Jobs Since Recession Are Shrinking — © Thinkstock

Seven states have lost jobs since the Great Recession, a comparison that dates from 2007 to 2017. Most of these states also have shrinking populations, according to an analysis by 24/7 Wall St.

The study of states that have lost jobs over the past decade was done by job site CareerBuilder.

Most of the CareerBuilder data come from economic analysis company Emsi. The CareerBuilder study shows that the following seven states have lost jobs over the measured period:

Alabama: 62,637 fewer jobs – 3 percent – in 2017 than in 2007
West Virginia: 33,428 fewer jobs – 4 percent – in 2017 than in 2007
Mississippi: 26,666 fewer jobs – 2 percent – in 2017 than in 2007
New Mexico: 23,422 fewer jobs – 2 percent – in 2017 than in 2007
Connecticut: 19,781 fewer jobs – 1 percent – in 2017 than in 2007
Wyoming: 13,257 fewer jobs – 4 percent – in 2017 than in 2007
Illinois: 11,682 fewer jobs – 0.2 percent – in 2017 than in 2007

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The 24/7 Wall St. story The Fastest Shrinking States shows that eight states have lost population in the period from July 2015 to July 2016.

New York lost 0.01% of its population.
Mississippi lost 0.02%.
Pennsylvania lost 0.06%.
Wyoming lost 0.18%.
Connecticut lost 0.23%.
Vermont lost 0.24%.
Illinois lost 0.25%.
West Virginia lost 0.54%.

The overlap between the data from CareerBuilder and 24/7 Wall St. is five out of seven states.

While there is no proof that the job loss and population loss are directly related, it would appear that there might be some correlation. The 24/7 Wall St. data and CareerBuilder data also cover different periods.

The 24/7 Wall St. information gives a broader shift in population analysis:

A number of common factors affect migration patterns throughout the country. Americans move for economic and educational opportunities as well as quality of life factors such as environment and cost of living.

Is lack of economic and educational opportunities a reason a state’s number of jobs would disappear? It makes sense that it would be a contributing factor.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.