8:49 am December 13, 2010, by Henry Unger
Are you feeling less stressed about your economic situation?
Job gains around the country offset higher foreclosures and helped reduce the nation’s economic stress in October to an 18-month low, according to The Associated Press’ monthly analysis.
Stress fell in 56 percent of the roughly 3,100 U.S. counties analyzed and in 28 of the states, the AP’s Economic Stress Index shows, AP writes.
The AP’s index calculates a score from 1 to 100 based on unemployment, foreclosure and bankruptcy rates. A higher score signals more economic stress. Under a rough rule of thumb, a county is considered stressed when its score exceeds 11, AP says.
The average county’s score in October was 9.9, down from 10 in September. A little over one-third of counties were deemed stressed. That’s down slightly from 35 percent in September, AP writes.
How does this square with your feeling? Has your stress declined or does it remain high?
- Henry Unger, The Biz Beat
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