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A tale of two counties

North Dakota county found to be ‘least economically stressful’ in the U.S., while San Joaquin is among most

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Posted: Friday, October 8, 2010 12:00 am

More than 1,500 miles away from Lodi on the outskirts of Minot, N.D., families gather in makeshift tent cities because of the city's housing crisis. But unlike San Joaquin County's housing crisis, people in Minot are waiting for homes to be built because the demand for residences greatly outpaces the supply for the town of roughly 40,000.

Minot, located in Ward County, has basically avoided the Great Recession better than anywhere else in the country. Buttressed by acres of wheat fields, thousands of military jobs, tourism and an ocean of oil, Ward County is the least economically stressful place in the nation, according to The Associated Press' Economic Stress Index, a tool used to measure the effect of the recession and recovery from it by analyzing the combined effect of bankruptcies, foreclosures and unemployment. Due to its reputation as the epicenter of the foreclosure crisis, high unemployment numbers and bankruptcy filings, San Joaquin County is rated as the tenth most economically stressful county in the nation to live in, according to The Associated Press.

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