State recessions come and goA review of state-level recessions since 1961 in shows the impact of structural changes on less diverse economies such as Alaska’s Eric Lidji For Petroleum News
State recessions generally start with a shock but end rather quickly, according to a review by economists from the Alaska Department of Labor and Workforce Development.
“When a state isn’t growing, that’s almost always attributable to a specific economic weakness or shock. … What lifts a state out o....
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