States Hardest Hit by Recession Benefit Least From Obama Stimulus

Thursday, April 23, 2009

Based on numbers released by the Obama White House, and current unemployment figures, the stimulus package is likely to be more help to those states not hit hard by the recession than those really struggling to recover. Mint.com compared jobless totals for each state with the number of new jobs predicted by the administration (which may in fact be inflated), and the results show that Wyoming, with an unemployment rate of 4.5%, will be able to create jobs for 87% of its unemployed workers, while Michigan, with a rate of 12.6%, will move only 23% of its job seekers off the unemployment rolls. North Dakota, South Dakota, Nebraska and Utah are expected to have more than 60% of their unemployment resolved by the federal assistance. On the other end, troubled states will benefit less. Rhode Island will eliminate only 23% of its unemployment, California 24% and South Carolina 27%.

-Noel Brinkerhoff, David Wallechinsky
 
Mint Map: Stimulus Job Creation (by Ross Crooks, Mint.com)

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