Are there any states experiencing financial difficulty? If so, how many

[Tuesday Afternoon]

and which ones are they?

[notadmblnd]

1. Michigan, California, Ohio and Florida are 4 I know of.

[shraby]

2. Google is your friend.

[Tuesday Afternoon]

3. gee,

I thought DU was also a friend...............

[girl gone mad]

4. This might answer your question..

Regional Employment Report: Unemployment Rate up in 30 States, Down in 9; Manufacturing States Benefit Most

The unemployment rate decreased in nine U.S. states in January and climbed in 30, signaling the thawing of the labor market is not broad-based.

The jobless rate in Michigan showed the biggest drop, falling to 14.3 percent, still the highest in the nation, from 14.5 percent in December, according to figures issued today by the Labor Department in Washington. New York and New Jersey were among eight states where unemployment decreased by a tenth of a point.

A national unemployment projected to average 9.8 percent this year signals state budgets will be strained by decreases in tax revenue and rising jobless insurance payments. The loss of 8.4 million jobs since the recession began in December 2007 means the labor market in the world’s largest economy will take years to rebound.

“This is a recovery that’s really kind of concentrated,” said Steven Cochrane, director of regional economics at Moody’s Economy.com in West Chester, Pennsylvania. “It still portends weakness in income-tax revenue and sales-tax revenue into fiscal year 2011.”

http://globaleconomicanalysis.blogspot.com/2010/03/regional-employment-report-unemployment.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

[rurallib]

5. I think every one is to some degree except maybe Alaska

And they may be also, but they do have that oil.

I live in Iowa and I believe we are in relatively good shape, but there have been huge cutbacks across the board. ANd of course some of the pain is passed down to local government units and school districts. Lots of layoffs or paycuts etc.

[dixiegrrrrl]

6. Define "difficulty".

Facing bankruptcy?

high high unemployment?

Republican governors?

Pension funds in states going broke?

Unemployment funds going broke?

Answers depends on the question.

You can start with this map.



http://freedomarizona.wordpress.com/2009/01/30/46-of-50-states-could-file-bankruptcy-in-2009-2010/

[ncguy]

7. I think that

West Virginia has made do with so little for so long, they know how to handle a recession.

[Tuesday Afternoon]

8. West Virginia

Almost Heaven.