Nebraska ranks third lowest in economic stress November 2nd, 2009
A recent analysis by the Associated Press ranked Nebraska as the state with the third lowest Economic Stress score.
The AP’s Economic Stress Index calculates a score from 1 to 100, based on unemployment, foreclosure and bankruptcy rates. Nebraska ranked 5.71 in September, after North Dakota (4.07) and South Dakota (5.01).
According to the AP, midwestern and plains states avoided the worst of the housing and financial crises and benefit from a weaker dollar, making agricultural commodities cheaper for foreign buyers.
“Housing still is at the epicenter of this crisis around the country, and places where the cycle was most egregious are also now places that are seeing some of the highest rates of unemployment,” said Sean Snaith, an economist at the University of Central Florida.
Nebraska was one of 12 states to improve on its Score since the start of 2009.
For more information, see the entire AP article here.
Posted byWoods Bros Realty