Moody’s Adversity Index Pinpoints Weak Areas
MSNBC reports the Adversity Index from Moody’s Analytics says the economy improved in all regions of the nation, and though not one state remains in recession, 44 of the 50 are recovering at a snail’s pace. Two states, Alaska and North Dakota are in steady recovery, but five—Rhode Island, Wisconsin, Mississippi, Illinois and Maine could slip back into recession. The index is based on in changes in jobs, housing starts, industrial production and home prices through April 2012. Of the nation’s 384 metropolitan areas, 90 percent are in modest recovery. The number of metro areas still in recession in April was the lowest since July 2011. The index lists 21 metro areas in steady expansion, 76 at risk of slipping into recession, and 14 in unrelenting recession. MHProNews has learned the remaining 242 metropolitan areas are slowly improving. For a complete listing, click here.
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