The Commonwealth Institute for Fiscal Analysis is throwing some cold water on Gov. Bob McDonnell's testimony before Congress that Virginia has created over 55,000 net new jobs since Feb. 2010.
Here's a snippet:
Despite headlines touting the creation of 50 jobs here and 100 jobs there, Virginia has made no real progress in jobs creation since the recession ended in June 2009, according to a report published yesterday by The Commonwealth Institute for Fiscal Analysis, an independent fiscal policy think tank based in Richmond.
“We’re right where we were at the official end of the recession,” says Michael Cassidy, President and CEO of The Commonwealth Institute. “We had an employment level of 3.6 million jobs back then and we’re still at that level. We’re in a very large jobs hole in Virginia,” he says, “and we’re going to be in it for some time.”
Comments