July 23, 2009 by Luke Mason
Which parts of the United States will recover most rapidly from the drawn-out recession? Moody’s Economy.com has released a study that estimates the strongest future job growth will come in Colorado, Texas and three Northwest states: Washington, Idaho, and Oregon.
In the case of the northwestern states, the reason they got picked is because of their high concentration of high-tech companies, Moody’s economist Andrew Gledhill said. Analysts expect a pick-up in tech spending as the recession gets going.
“[W]e feel that pent-up demand for high-tech equipment that has been furthered in part by the financial crisis could benefit states with these kinds of links,” Gledhill said.
Here at EMSI, we decided to take a look at short-term projections from our latest dataset (released in June) for the five states mentioned to see what the numbers indicate. Below is national county-level industry data for each state at the 2-digit NAICS level.
Click on the tables for a bigger image