An Uneven Economic Recovery Among the States

Washington Post: “For most states in the U.S., last year ended on a strong note. But there are a few places in the U.S. that are struggling. Recently released data from the Philadelphia Fed indicates that seven states — North Dakota, Wyoming, Wisconsin, Illinois, Mississippi, Louisiana and Alaska — likely saw their economies contract during the last three months of 2015.”

Federal Reserve Bank of Philadelphia

“The country is clearly doing far better in 2015 than it was in 2009, when most states were struggling. Yet in the years after 2009, the picture looks more mixed. The economy in Dec. 2015 doesn’t look as strong as it did in Dec. 2014, when all states were seeing economic growth.”

“In total, 41 states saw their economies grow. The states with the strongest growth — over 1 percent in the three-month period, according to the estimates — include Oregon, Idaho, Arizona, Colorado, Kansas, Georgia, West Virginia, New Jersey and Maine. Michigan and Oklahoma weren’t fairing too well either at the end of 2015 — the Philadelphia Fed’s data shows that their economic growth was unchanged from three months before.”

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