Rhode Island’s Lack of Business, As Usual
The Phoenix Business Journal, reporting on research done at the JPMorgan Chase Economic Outlook Center at Arizona State University, has Rhode Island holding down its familiar place on a pair of economic indicator lists.
Rhode Island leads the country in jobs lost for the year preceding July 2008…
Arizona ranked second to last for job growth, or more accurately job loss, in a tally of state activity from July 2007 to July 2008.…and Rhode Island’s sales tax collections shrank more in 2007 than did any other state’s…
Arizona posted a 1.6 percent loss for the period, ahead of only Rhode Island with a 2.8 percent decline in jobs, according to the latest issue of the Western Blue Chip Economic Forecast. In all, 19 states posted job losses.
Wyoming came out on top with a 2.5 percent gain. Rounding out the top five were Texas, Louisiana, Colorado and South Dakota
Arizona ranked 14th among states for gains in sales tax collections last year with a 5.8 percent increase over 2006.The full job-growth report is available, behind a paid subscription wall, here.
Idaho topped this list at 14.1 percent, while Rhode Island came in at No. 50 with a 3 percent contraction. The average gain was 3.9 percent, well below the 6.5 percent recorded in the previous year, according to the ranking published in the latest Western Blue Chip Economic Forecast based on U.S. Census Bureau data.