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new report by two Goldman Sachs (GS) economists uncovers a surprising bit of data from the economic recovery. Job growth in the four “sand states” (Arizona, California, Florida, and Nevada) is now outpacing the rest of the country. Meaning the states that got hit hardest by the Great Recession are now recovering fastest.
Good to see many of these states recovering; some were the hardest hit in the recession on the job front
Yes, that's exactly what the quote above says: Meaning the states that got hit hardest by the Great Recession are now recovering fastest.
Speaking of kidphilly, Pennsylvania has been extremely impressive as well as its two principal cities. Not only how it fared during the recession relative to elsewhere, but also now in the recovery.
At the end of the day, I continue to be impressed with how America bounces back.
Yes, that's exactly what the quote above says: Meaning the states that got hit hardest by the Great Recession are now recovering fastest.
Speaking of kidphilly, Pennsylvania has been extremely impressive as well as its two principal cities. Not only how it fared during the recession relative to elsewhere, but also now in the recovery.
At the end of the day, I continue to be impressed with how America bounces back.
And wishes of great success to everyone and everyplace. The sum of the whole is far greater than the sum of the parts.
On your earlier point, what can I say the author mus be smart, great minds...
On PA; PA outside of the post industrial bomb has mostly continue to chug along; no dramtic highs or lows. PA as a state could be far more progressive in terms of business but a topic for another rant
Location: Cleveland bound with MPLS in the rear-view
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To me, it makes perfect sense that the cities hardest hit would recover the "fastest".....every incremental uptick in jobs makes a bigger gain when unemployment rates are high.
And wishes of great success to everyone and everyplace. The sum of the whole is far greater than the sum of the parts.
I'll second that. It's great to see evidence of a recovery after so many people spent the last three years going on about how America was "doomed" and that there was no chance of recovery. I'll never, for the life of me, understand why there are many people who define themselves as "patriots" who seem to want America to decline and want to see fellow Americans jobless.
Nevada is so bad from the stats I've seen, that it can only get better... I might have seen their (or LV's) unemployment pegged at 2.8% within the last 15 years. Heartbeat, anyone?
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