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Posted: 1:17 PM Jul 6, 2009
AP Analysis: Economic Stress Up In Much Of Nation
WTAP News A monthly associated press analysis shows California, Michigan and South Carolina suffered the most financial pain during May. Reporter: Associated Press |
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Undated (AP) -- A monthly associated press analysis shows California, Michigan and South Carolina suffered the most financial pain during May.
Unemployment, home foreclosures and bankruptcies rose during the month, contributing to a higher score for the average U.S. county in the AP's economic stress index.
Williams County in northwest Ohio is one of a handful of manufacturing communities that have suffered the sharpest increases in stress scores over the past year.
The AP calculates a score from 1 to 100 based on each county's unemployment, foreclosure and bankruptcy rates.
The higher the score, the higher the economic stress.
(Copyright 2009 by the Associated Press. All rights reserved.)
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