Wednesday, October 05, 2005

Recent growth hasn't erased recession losses, study says

Newsday reports on a new FDIC study on economic growth:
New England continues to recover from recession more slowly than most of the nation, economists with the federal government's insurer of bank deposits said Tuesday.

A quarterly report from the Federal Deposit Insurance Corp. ranks New England eighth among nine regions nationally for job growth in this year's second quarter, compared with last year's April-June period.

The FDIC attributes the slow growth to lagging population growth across New England.
New Hampshire seems to be the best performer in the Northeast.The East coast isn't the only slow grower.Illinois ranks 45th.Read the whole article.