The Recession Still Rages In 8 States
Although the recession officially ended more than a year ago, a significant chunk of the country is still caught in an economic tailspin with no end in sight.
MSNBC reports that as of July 2010, Nevada, Michigan, Vermont, Rhode Island, Georgia, Mississippi, Illinois and New Mexico were still mired in the economic downturn the rest of the country managed to ease out of.
Nevada’s got it particularly rough, the story says, sporting a sexy 14.4 percent unemployment rate — seems even compulsive gamblers would rather not lose what little income they’ve got on blackjack — and a housing crisis, with 1 in 84 housing units having received a foreclosure notice last month.
Recession drags on in politically key states [MSNBC]
Previously: Recession Officially Over. Yipee.
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