Here’s a map of job creation from The Gallup Organization. It’s based on approximately 100,000 Gallup Daily tracking interviews conducted throughout 2009 with employed adults in all 50 states plus the District of Columbia. It provides a clear picture of the evolving economic geography of The Great Reset.
On the losing side of job creation, Rustbelt states, especially Michigan and less so Minnesota, continue to be hard hit, along with the “housing-crash” states of Nevada, California, and Arizona. Northeastern states - Rhode Island, Delaware, New Jersey, Connecticut, and New Hampshire – also fare poorly. In the west, Oregon and Idaho also see low rates of job creation.
The best-performing states in terms of job creation are energy economies – North Dakota, Louisiana, West Virginia, Oklahoma, Texas, Alaska, and New Mexico, as well as Nebraska; and those with economies that benefit from federal spending, Maryland, Virginia, and D.C. More here.
February 11th, 2010 at 8:52 pm
Wow. It’s like the revenge of the old economy Republicans.
Of the dark green states that are doing well only Iowa, Virginia and New Mexico voted for Obama, and two of them were considered swing.
Of the 10 top creative class cities in Rise, only Austin and DC are in dark green states.
If a creative class economy is coming, it’s not represented in this map. Ouch.
February 12th, 2010 at 10:23 am
Michael, interesting insight. Seems to me that farm, fed, and oil states are doing better than everyone else.
March 1st, 2010 at 3:35 pm
The states that are hiring now will not look good once things start to heat up again. The amplitude of the hire/fire wave for the more creative states is probably a lot bigger.
I think this is entirely consistent with the Creative Class Theory. Creative economies are full of people who are willing to take risks. Its just some really big risks that were taken failed. Soon things will start to hum again, and new risks will pay off. Hiring will commence again. Then all of the human capital, etc. of the creative economies will differentiate itself leaving the more risk-averse agro/energy economies exactly as they were but looking relatively poor again.