And They Think California Is a Lost Jobs Basketcase?

From today's Wall Street Journal, "Where the New Jobs Are":

"According to a new Texas Public Policy Foundation study, Texas experienced a decline of 2.3% from its peak employment, while California fell nearly four times further, with 8.7% of jobs vanishing."

In Michigan, employment has fallen 8.3 times further, although to be fair it's taken us 10 years rather than just two: 867,500 jobs have disappeared from the Great Lakes State since our 2000 employment peak of 4,690,300 jobs.

Today Michigan has just 3,822,800 payroll jobs left, an 18.5 percent decline.

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