Why is Pennsylvania faring better than Ohio in this economic downturn?
“[A]lthough the recession has hit both states hard, the troubles in Ohio are clearly much worse,” this Associated Press story reports, citing an index of unemployment, foreclosures and bankruptcies in more than 3,000 U.S. counties.
This story attributes the difference to PA’s more diversified economy, especially its education and health-care sectors.
But, parts of Ohio have invested heavily in these fields as well. I’m not sure what the reason is but the numbers cited in this story do show a pretty stark difference. I’m glad to moving to PA in a few weeks.