North Dakota county found to be ‘least economically stressful’ in the U.S., while San Joaquin is among most
- How The Economic Stress Index works
The Associated Press’ Economic Stress Index is an instrument
used to calculate the effect of the recession by analyzing the
combined effect of bankruptcies, foreclosures and unemployment on
counties throughout the nation.
It compares all counties with populations of at least 25,000 and
uses a mathematical equation is used to a rate them on a score
between 0 and 100. Lower scores indicate less stress. San Joaquin
County scored 22.41 on the index for data collected through August.
In October 2007, the county’s stress level was 12.05. Scores over
20 indicated levels of high economic stress. Eleven counties in
California made the top-20 most-stressful list. None made the 20
AP’s Economic Stress Index
- Top 10 most economically stressed counties
- Imperial County, Calif.
- Yuma County, Ariz.
- Lyon County, Nev.
- Nye County, Nev.
- Yuba County, Calif.
- Hendry County, Fla.
- Clark County, Nev.
- Merced County, Calif.
- Santa Cruz County, Calif.
- San Joaquin County, Calif.
- Top 10 least economically stressed counties
- Ward County, N.D.
- Brown County, S.D.
- Burleigh County, N.D.
- Buffalo County, Neb.
- Ellis County, Kan.
- Codington County, S.D.
- Ford County, Kan.
- Grand Forks County, N.D.
- Pennington County, S.D.
- Madison County, Neb.
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.
Friday, October 8, 2010 12:00 am.