We already knew this, but…
25 March 2009
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Here’s more confirmation that not all areas of the country are suffering equally in this recession:
http://economix.blogs.nytimes.com/2009/03/24/how-some-places-fare-better-in-hard-times/
“Unemployment today, as in previous recessions, is strongly linked to manufacturing. Old-line industries, like car manufacturing, have been declining for decades, and such industries are also more likely to lay off masses of workers during a downturn.”
We already knew places like Ohio and Michigan are worse off; this blog post has some interesting charts that show how bad the disparity is.
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