State News Roundup
Here’s a look at some of this week’s most interesting, and consequential, budget- and economy-related issues in the 50 states:
Earlier this week the New York Times reported that 27 states had experienced unemployment increases according to the latest report from the Bureau of Labor Statistics. Nevada, Michigan, and California have the three highest unemployment rates in the country at 14.4%, 13.1%, and 12.4% respectively.
Yesterday, the Cleveland Plain Dealer wrote in an editorial that while the recession may have been declared officially over, one indicator of economic health, job creation, has a long way to go. The paper urges, “[W]e must re-examine at every level of government and community how we do the business of America.”
Similarly, the Virginian Pilot observes that even though economists declared the recession over, growth since June 2009 has been anemic, confirming for everyone that the official end of the recession doesn’t mean property values will increase or that everyone who wants a job will be able to find one.
The Indianapolis Star echoed this sentiment, stating, “The longest recession since the Great Depression is officially over, but Indiana is still trying to dig its way back onto firm economic ground.” An Indianapolis resident quoted in the paper noted, “To my wife, who handles all the household finances and is not an economist, the recession is still going on.”
Late last week, the Indianapolis Star published a revealing piece on the current mood of Indiana residents. The article sees Indianans as “more sad than mad” at the current economic situation. “They’re not yelling about mosques in New York City or tracking the latest political polls. The Hoosiers I met last week were thinking and talking about the economy, and the pain it’s caused their friends, families and themselves.”