David Kirkpatrick

March 1, 2010

The state of the recession

Filed under: Business — Tags: , , , — David Kirkpatrick @ 3:53 pm

So-so at best. By all, or a least most, accounts the national recession is over and recovery, however slow, is going on right now. Break that national figure down a bit and the picture changes dramatically. Two-thirds of all states are still in a recession. That’s a lot of people who just get frustrated and angry when told things have hit bottom and are now getting better. For a lot of Americans things are not getting any better just yet. And Nevada is alone as the the state with a still-shrinking economy.

From the link:

The national recession may be over, but not everyone feels the change. Some industries and regions continue to suffer. The tepid 3% pace of growth in this recovery means no rising tide lifting all boats.

And here’s a handy chart outlining who’s still feeling the pain:

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