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RE: How's Your State Doing?

in LeoFinance6 years ago

I'm retired, so it only effects me in price increases and lack of choice. In the 90's Alaska unemployment was 10% or more. Prior to 2016 it was in the 7.4% range, and then with Trump in 2018 around 6.1%, Tourism is a big part of the Alaska Economy, So the higher seasonal number jump was not that surprising, with tourism being pretty much shut down this year. A good example would be if they closed all the ski resorts in Colorado for the entire winter, it would have a similar increase in the unemployment numbers for Colorado. Hopefully it is only this year, and next will be back to normal, but I kind of doubt that things will get back to normal.

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And thus we see that historical context matters.