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Top economic advisor lists states in recession

October 24th, 2008


Recently, President Bush's economic advisor used the word "recession" when describing the economic situation in several states.  Many others are said to be on the borderline of falling into recession.  Here's the breakdown:

In recession

Oregon, California, Nevada, Arizona, Idaho, Wisconsin, Iowa, Illinois, Missouri, Arkansas,Tennessee, Mississippi, Alabama, Georgia, Florida, South Carolina, North Carolina, Kentucky, Indiana, Michigan, Ohio, West Virginia, Pennsylvania, New Jersey, Maine, Delaware.

Near recession

Louisiana, Oklahoma, Kansas, Nebraska, South Dakota, North Dakota, Washington, Utah, Wyoming,
Virginia, New York, Vermont, Maryland, Connecticut.



What's to blame?  A weak job market and industrial production are being blamed as well as retail sales.  Will other states follow?  Many experts feel several others can, but the next couple of months will decide whether the states teetering on the edge fall and if others follow.

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