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What Do AR, OK and WV Have in Common?
Dec 02, 2008
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The BLS released metropolitan area unemployment rates today for October 2008, and the report shows that the economies of three states (Arkansas, Oklahoma and West Virginia) actually improved from October 2007 to October 2008, despite the recession that started in December of 2007 (see chart above). Moreover, five out of six cities in Arkansas had lower unemployment rates in October 2008 than October 2007, the jobless rates in two out of three cities in Oklahoma dropped, as did two cities in W. Viriginia.
I don't know what these three states have in common, but as the National Governors' Association meets today in Philadelphia, maybe the governors in the other states should figure out how AR, OK and WV have been able to prosper and improve during a serious national slowdown, and copy whatever they're doing.
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