Like politics, all economics is local. A few labor market and economic indicators released this week indicate how varied the many economies that compose the US are:

In Colorado, the unemployment rate has dropped, according to an article in today's Denver Post:
The August jobless rate of 7.3 percent compared with 7.8 percent in July and 4.9 percent in August 2008, the Colorado Department of Labor and Employment said.

Whereas the Buffalo Business-Journal states that New York State's unemployment is at a 16-year high:
New York state’s unemployment rate rose to 9 percent in August while the Buffalo Niagara region came in below that figure at 8.4 percent, ... [surging] from a year ago as the August 2008 rate was 5.8 percent

Most troubling may be the analysis of long-term unemployment. What the Economic Policy Institute calls the Great Recession:
This recession, already the longest and deepest economic downturn since the Great Depression, continued through July with the eighteenth consecutive month of job losses.

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