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It does appear that the middle is less affected by unemployment right now... but not sure why you're so giddy about, especially when the red states receive the most federal aid/welfare in the union, mostly funds from states on the 2 coasts
Aggregate numbers do not mean a whole lot without figuring percentages.. if you read the chart RI is #37, however is #2 in unemployment.. so this theory is blown out of the water.
The largest cash welfare program, TANF is a federal program anyways... so not sure how states are burdened with this. Do you remember the president who initiated the largest welfare reform in recent memory?? Here is a hint first name Bill and second name Clinton.
“We like to say that dependability is more important than ability,” Bill Belichickism....
Interesting how the states with the highest unemployment rates are the ones that enjoyed the greatest rises of real estate values during the peak of the market. California, Nevada, Rhode Island, Oregon (the exception being Michigan which is getting slammed by the collapse of the domestic auto industry). Massachusetts is getting hit hard by RE market highs and lows, but it looks like we're absorbing it a little better than the others, but not much. Read where the Cawminealth came out with an estimate of when the unemployment rate will peak....THIRD QUARTER OF 2010!