Log in Subscribe

Some states’ economies cool even as the nation’s sizzles

Posted 12/8/23

A still-roaring national economy grew at an unexpectedly robust 5.2 percent annual rate in the third quarter of this year, but early indicators show a more mixed picture for many states heading into the holidays.

The preliminary unemployment rate rose in 38 states and economic output slowed in 32 states in October, according to a Stateline analysis of preliminary federal economic data. Yet states where the economy is still humming — such as Arizona, Florida, North Carolina, Texas and Virginia — have added hundreds of thousands of jobs since 2020 and are helping to keep national output strong.

This item is available in full to subscribers.

Please log in to continue

Log in