South's economic outlook is mixed
Other than Florida and Virginia, the South continues to have a mixed economic outlook, according to a new report from the FDIC. The just-release Fall 2005 report (download the PDF), based on information before the devastation wrought by Hurricanes Katrina and Rita, recognizes the hurricanes likely will slow U.S. economic activity even more.
Job growth
Across the South, job growth tends to be down. Florida (6) leads regional job growth, while South Carolina is ranked 50th. Other rankings: Alabama (17), Arkansas (31), Georgia (47), Kentucky (36), Louisiana (48), Mississippi ( 37), North Carolina (24), Tennessee (43) and Virginia (20).
Unemployment
In the second quarter of 2005, Mississippi (2) and South Carolina (6) were among Southern states with the highest unemployment at 7.0 percent and 6.37 percent respectively. Virginia had one of the lowest unemployment rankings (47th nationally) at 3.63 percent with Florida close at 4.1 percent (38th rank). Other rankings: Alabama (36th highest), Arkansas (24), Georgia (20), Kentucky (11), Louisiana (16), North Carolina (17) and Tennessee (8).
posted by Andy Brack @ 2:37 PM
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