Recession Less Severe in Green Country

jd4fox23 — Tue, 02 Dec 2008 16:22:54 GMT

Analysts announced today the nation’s economy has been in a recession since December of last year. The announcement came from the National Bureau of Economic Research, an academic body that tracks economic activity.

FOX 23’s Douglas Clark takes a closer look at today's announcement and why Oklahoma is doing much better than many others parts of our country.

Official word of a year-long recession came amid slowing production and climbing unemployment figures. But for Green Country residents, there’s a silver lining. The state’s unemployment rate of 4.3% is well below the national rate of 6.5%.

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Recession Less Severe in Green Country