Pensacola, North Escambia In Recesssion According To Report

April 9, 2009

The Pensacola metro area, including North Escambia, is in a recession according to data published on MSNBC.com.

MSNBC and Moody’s Economy.com publish a monthly Adversity Index that measures the economic health of every state and 381 metro areas in the United States. Areas are ranked as being in recession, at risk of recession, recovering from a recession or as being in growth period.

The Moody’s data shows North Escambia and the Pensacola metro area to have entered a period of recession in August of last year. The area had been ranked as being in a period of growth as recently as August 2008.

In January, the numbers for the metro area show employment down 2.53%, industrial production down 10.27% and single family housing starts down to 1,048. The housing start numbers are down from 2,356 in January 2007 and 3,898 in January 2006.

Comments

4 Responses to “Pensacola, North Escambia In Recesssion According To Report”

  1. Terri Sanders on April 9th, 2009 1:04 pm

    well,I could have told them that!!! If you want to know how the economy is..ask a small business owner..

  2. russ on April 9th, 2009 9:57 am

    So this is what a recession is like. The way people sound I was expecting some culmination of misery and death. I gotta tell ya, I’m not impressed.

  3. Jay on April 9th, 2009 8:36 am

    To MSNBC: The Pensacola area can’t sustain inflated growth figures that came directly after a time following significant hurricane damage.

  4. bmb on April 9th, 2009 7:01 am

    Ya think???

Written by William Reynolds · Filed Under News