During next year's Boy Scout Jamboree, about 40,000 people are expected at The Summit, McGowan said. Then, in 2014, The Summit will be used for a Boy Scouts summer program that's expected to draw in 5,000 Scouts, he said.
McGowan said showing off the state to thousands of Boy Scouts is one of the biggest benefits of having The Summit here.
"When you welcome those Scouts," he said, "you're welcoming those who have the opportunity to speak [for], and hopefully relocate to, West Virginia."
The wholesale and retail sectors should be positively affected by the new Macy's distribution center in Martinsburg and the new Cabela's store in Charleston.
Employment in the energy sector is expected to decrease by 1.5 percent each year through 2017. However, construction jobs are expected to increase by 5.1 percent each year.
The professional and business services sector is expected to add 15,000 jobs over the next five years and employment in the health-care industry is expected to grow.
Despite the short-term employment gains from the Boy Scouts camp, jobs in the leisure and hospitality sector will decrease by a fraction of 1 percent each year through 2017, according to the forecast.
As far as the national forecast, the recession hit bottom at the end of the second quarter of 2009, but since then, economic expansion has been disappointing, said Jeffrey Lacker, president of the Federal Reserve Bank of Richmond.
"Real gross domestic product, for example, has risen at an average annual rate of 2.16 percent during this recovery," Lacker said. "Labor market conditions have been especially disheartening. We lost over 8 million jobs in the recession and its immediate aftermath.
"Since bottoming out in early 2010, we've added 4.5 million new jobs," he said, "which leaves us far from a complete recovery."
Lacker said more houses were built than were necessary by the end of the housing boom, which is one factor that's stopped the United States from recovering more quickly. That led to a large and persistent decline in new residential investment, Lacker said.
"It now looks as if the worst is behind us and new construction activity is gradually improving," Lacker said. "Moreover, home prices in many markets have bottomed out and [have] begun to increase."
A shift in economic activity away from residential construction, housing finance and related supply industries is another factor in the country's slow rebound from the recession, he said.
The rapid loss of jobs in these industries, and other factors, contributed to the ranks of the unemployed, and "it has taken considerable time to whittle down the unemployment rate," Lacker said.
Many consumers are cautious and unwilling to spend money because of the recession, which is another reason for the slow rebound, he said.
"Consumers have become more apprehensive about their future income prospects," he said. "So, while consumer spending has grown during this recovery, the tempered pace of that growth has limited the overall pace of the expansion, relative to previous recoveries."
Lacker warned that if Congress does not act on the pending "fiscal cliff" -- a combination of spending cuts and tax increases that will go into effect next year -- the economy is likely to go into another recession.
An imbalance in taxes and spending also will affect the national economy, he said.
"At some point, Congress will have to bring taxes and spending into closer alignment," he said. ". . . Until a fiscal plan is adopted that is sustainable over the longer run, consumers and businesses will make decisions under a cloud of uncertainty."
Reach Lori Kersey at lori.ker...@wvgazette.com or 304-348-1240.