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Half of U.S. Counties Havenít Recovered From Recession
wsj ^ | Jan 13, 2014

Posted on 01/13/2014 10:10:54 PM PST by BenLurkin

National statistics “mask the reality on the ground,” where some county economies were in recession long before December 2007 and others never experienced one at all, said Emilia Istrate, the association’s director of research and one of the authors of the report. “That’s where Americans feel the economy. They feel it locally.”

The report, released Monday, examined four economic indicators: GDP, total number of jobs, unemployment rates and home prices. It found wide variations.

...

“This shows us that although the U.S. economy as a whole is on the right track, we have a fragile recovery, and at the same time it’s an uneven recovery,” Ms. Istrate said.

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: Business/Economy
KEYWORDS:

1 posted on 01/13/2014 10:10:54 PM PST by BenLurkin
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To: BenLurkin

Bammy’s War on America is working.


2 posted on 01/13/2014 10:26:56 PM PST by Paladin2
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To: BenLurkin

If by “half” they mean 97%, then I agree.


3 posted on 01/13/2014 10:30:29 PM PST by 2ndDivisionVet (Jealousy is when you count someone else's blessings instead of your own.)
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To: BenLurkin

I think Washington D. C. is the only area of the country where the economy is booming.


4 posted on 01/14/2014 12:42:11 AM PST by Huskrrrr
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To: Huskrrrr

I would suggest this. You can draw 30-mile circles around DC, New York City, and Watford City, ND...and you basically show the only regions of the US with massive sustainable job growth.

Now, you’d sit there and utter....Watford City? Yeah, it’s oilville, USA....where jobs are being created at a rate of one every few seconds. In a decade, Watford City, Dickinson, and Williston will be major urban centers with around 500,000 people. If you had suggested that in 2000....everyone would have laughed.

Back to the real topic...are we in a depression of sorts? Yes. No doubt. And I don’t see this going away until the administration moves on.


5 posted on 01/14/2014 1:16:22 AM PST by pepsionice
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To: BenLurkin

Stock Market be boomin’. Unemployment be down. Gubmint gots a 2-year budget now. We be hirin’ like crazy while simultaneously putting 100 million peeps on some sort of entitlement. Government says so.

Only thing to keep doing for the 4 in 10 Americans that have a job is to keep beating them like a rented mule until they scream, holler and buckle. After all, it won’t be long. Those 30-50 million more we put on Medicaid are gonna booooommmmm this economy with all that healthcare spending!


6 posted on 01/14/2014 3:08:00 AM PST by Gaffer
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To: pepsionice

“You can draw 30-mile circles around DC, New York City, and Watford City, ND...and you basically show the only regions of the US with massive sustainable job growth.”

I wouldn’t include the NYC area in that; we’ve lost a huge number of jobs (that won’t be coming back), we have high taxes that chase business and taxpayers away, and the only reason the whole metro area isn’t deserted is because illegal immigration is encouraged. Anyone who has driven on roads here has seen 1) how bad the roads are (no money to fix them), 2) how many empty businesses there are, and 3) how many homes are for sale.

There is no recovery here.


7 posted on 01/14/2014 3:10:14 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: BenLurkin

I’m still trying to understand why ‘no data’ was recorded for all of Connecticut and Rhode Island, and most of Massachusetts.


8 posted on 01/14/2014 3:16:38 AM PST by OldNewYork
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To: pepsionice

Good Points.


9 posted on 01/14/2014 6:11:35 AM PST by Huskrrrr
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To: OldNewYork

I think neither MA nor CT have counties — the next level of government under the Commonwealth or State is the town. Not sure about RI.


10 posted on 01/14/2014 6:27:49 AM PST by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know...)
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To: The_Reader_David

But part of Massachusetts has data. And I missed the same thing regarding the area around Virginia Beach or Norfolk, Virginia. Plus, Louisiana has parishes instead of counties, and those have data.


11 posted on 01/14/2014 11:32:17 AM PST by OldNewYork
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