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Some states’ economies cool even as the nation’s sizzles

BY TIM HENDERSON Stateline
Posted 12/8/23

A still-roaring national economy grew at an unexpectedly robust 5.2 percent annual rate in the third quarter of this year, but early indicators show a more mixed picture for many states heading into the holidays.

The preliminary unemployment rate rose in 38 states and economic output slowed in 32 states in October, according to a Stateline analysis of preliminary federal economic data. Yet states where the economy is still humming — such as Arizona, Florida, North Carolina, Texas and Virginia — have added hundreds of thousands of jobs since 2020 and are helping to keep national output strong.

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