Skip to comments.Half of U.S. Counties Havenít Recovered From Recession
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 associations director of research and one of the authors of the report. Thats 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 its an uneven recovery, Ms. Istrate said.
(Excerpt) Read more at blogs.wsj.com ...
Bammy’s War on America is working.
If by “half” they mean 97%, then I agree.
I think Washington D. C. is the only area of the country where the economy is booming.
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.
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!
“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.
I’m still trying to understand why ‘no data’ was recorded for all of Connecticut and Rhode Island, and most of Massachusetts.
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.
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.