OH: State’s Economy Shrinking Along With Real Estate Market

Ohio and Michigan, once longtime industrial titans, are the only two states whose economies shrank from 2000 to 2010, according to data from the U.S. Bureau of Economic Analysis.

Passed by New Jersey, Ohio slipped from the seventh-biggest state economy in 2000 to eighth last year. Texas became the U.S.’s second-largest state economy during the past decade – displacing New York and perhaps heading one day toward challenging California – in one of the biggest economic shifts in the past half-century.

The economic winners of the last decade are states that focus on raw materials, government and senior citizens. The big losers are places that make things – industrial states and even California.

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Full Story from the Marion Star

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