Dismal Scientist
Edited from London, Sydney, and West Chester 

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THE DISMAL SCIENTIST BLOG Andrew cassel editor-in-chief
A free and open exchange on the economy, and other things.

Recession, State by State

Before running off to watch the Phillies' victory parade, Andrew Gledhill reports:

The recession is widening. Thirty states were in recession as of September, according to the Moody's Economy.com coincident indicator, which combines changes in employment and industrial production. These 30 states accounted for 66% of employment and 64% of output, compared with 63% and 61%, respectively, in the previous month. New states that have fallen into recession are Hawaii, Minnesota and Utah. An additional 19 states are at risk of falling into recession.

It's getting worse at the metro level as well:

Of 381 metro areas and divisions covered by Moody's Economy.com, 276 are in recession—the largest being Los Angeles, Chicago and Atlanta. Notable joiners in September were Minneapolis; Portland, OR; and Camden, NJ. A number of new areas are now considered to be at risk of recession, including Houston, Dallas and Seattle

Here's a complete list of states and metros and their current recession status. And for Dismal subscribers, a page tracking the risk of recession in states and top metros six months hence.

UPDATE, Monday 11/3: ABC News picks up the thread .

Andrew Cassel in West Chester on 10/31/2008 at 12:45 PM  |  Print Entry


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