Tags: fifty | state | recession

All 50 States Now in Recession

Wednesday, 01 Apr 2009 09:25 AM

It's not just a Michigan or a California problem. We're hurting all over.

For the first time since record-keeping began, all 50 U.S. states are in recession, according to new numbers from the Federal Reserve Bank of Philadelphia. In the 1982 recession, the previous worst-ever, 43 states simultaneously contracted.

The state-by-state indicators have been tracked by economists at the bank since 1979. The Philly Fed tracks payroll employment, average hours worked in manufacturing, unemployment rates, and wages and salaries adjusted for inflation.

© 2017 Newsmax. All rights reserved.

1Like our page
2Share
StreetTalk
It's not just a Michigan or a California problem. We're hurting all over.For the first time since record-keeping began, all 50 U.S. states are in recession, according to new numbers from the Federal Reserve Bank of Philadelphia. In the 1982 recession, the previous...
fifty,state,recession
82
2009-25-01
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved