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Right behind it is next-door Oregon, another former boom state, with 6.5% of its workforce out of a job, the country's second-worst figure.
But Julia Gillard had more on her mind than the billions of dollars in damage to mines, farms and cities in the boom state.
Is this their moment?In this section Tinker, taper The Shibor shock T time Building the next boom State of pay Charging the mobile Desperately seeking scepticism Engineers of a different kind The goliaths ReprintsThe situation remains grim.
During the last boom, state regulators alerted the Fed to shenanigans in the subprime-mortgage market but were rebuffed.Pro-regulation critics say Mr Paulson is cheekily trying to push through a largely deregulating package in disguise.
After two decades of passing ever tougher sentencing laws and prompting a prison building boom, state legislatures facing budget crises are beginning to rethink their costly approaches to crime.
It also pledged to keep short-term interest rates near zero.In this section Tinker, taper The Shibor shock T time Building the next boom State of pay Charging the mobile Desperately seeking scepticism Engineers of a different kind The goliaths ReprintsBond markets are more preoccupied by what lies in the future.
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With Western Australia, Queensland has counted as one of Australia's two commodity-rich boom states, driving a so-called "two-speed economy".
In former boom states like California and Florida, the sharp decline in housing prices is translating into falling property-tax revenue, while in towns in Michigan, Indiana and Ohio, revenues are off because of the collapse of the auto industry.
The unemployment rate is 8.2 percent, a full percentage point below the national rate but still higher than other boom states like North Dakota and Wyoming, and Texas has one of the highest percentages of workers who are paid the minimum wage and receive no medical benefits.
Sunbelt boom states like California, Arizona and Nevada were already heading into deep recession, but green Oregon seemed oddly golden.
"The poor state of fixed line infrastructure is creating the potential for the African mobile internet market to boom," states Frost & Sullivan Research Analyst Spiwe Chireka.
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