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Unemployment Rate By State
The state unemployment data from the BLS is likely significantly flawed but it makes sense to visualize it nonetheless. The chart below demonstrates both the monthly change in unemployment (April - May 2009) as well as the year-over-year increase in state unemployment (vs. May 2008). Notably, Michigan was in a world of pain even before the bankruprtcy of GM and Chrysler. The green shoot: seems cattle ranchers are in high demand in N/S Dakota and Wyoming.
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I grew up in South Dakota. Perhaps your comment was rhetorical, but cattle ranching is a small part of the economy nowadays. The reality is that, when you look the states who have fared best, they tend to be states with the least amount of unions, the most basic economies, and hard working people. Healthcare has been a large part of the modern South Dakota economy.
If you wanted to backtest a theory low taxes (no personal or corporate income taxes), great schools, low crime, and lots of open spaces as a theory of economic stability and growth, look no further than South Dakota