Friday, September 21, 2007

GDP by State for 2006

According to a report released by the BEA for Gross Domestic Product by State in 2006:

1. The average economic growth for all states in 2006 was 3.4%.

2. Michigan was the only state with negative economic growth in 2006, -0.50%. It also has the highest unemployment rate in the country for August at 7.4%.

3. Idaho was the state with the highest rate of output growth, at 7.4%, followed by Utah (7.2%), Arizona (6.8%) and Oklahoma (6.7%), which are all right-to-work states.

Bottom Line: Michigan should maybe consider becoming a right-to-work state?

5 Comments:

At 9/21/2007 3:55 PM, Anonymous Anonymous said...

Unfortunately, that report was released way back in June. But that's all right. Michigan has pathetic metrics in everything these days.

 
At 9/21/2007 4:01 PM, Anonymous Andy said...

It would be interesting to see how voting record correlates with these results.

 
At 9/21/2007 6:43 PM, Blogger Walt G. said...

I was prepared to argue, as a union proponent, that deaths to workers were higher in right-to-work states. I've always been told that it was. My research from BLS data does not bear that out. Michigan's death rate is higher than the right-to-work states' death rate. I don't know about making Michigan a right-to-work state, but with high unemployment rates, and high worker-death rates, maybe we should re-think everything we do in this state. What we are doing now is obviously not working.

From the table below:
The first number is the civilian workforce Dec 2006 for each state Professor Perry mentioned, the bold number is the number of total deaths in 2006, and the third number is the deaths calculated per 100,000 workers (I'm sorry, my Excel sheet does not paste here correctly).


MI 5,121,800 155 0.33043871
UT 1,330,800 60 0.2218
OK 1,767,300 91 0.194208791
AR 3,006,000 108 0.278333333
ID 761,000 38 0.200263158

 
At 9/23/2007 12:52 PM, Anonymous Anonymous said...

Walt G. wouldn't an analysis have more meaning if it looked at deaths on union vs non-union work sites?

 
At 9/23/2007 2:19 PM, Blogger Walt G. said...

Yes, a union to non-union analysis might be informative, but I don't think employers disaggregate data that far. I was looking at it from an angle that a capitalist might use to decide where to make an investment.

 

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