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Economic output in 2008 slowed in 38 states as downturns in manufacturing, construction and financial services exerted themselves across the nation in a presidential election year.
Growth in gross domestic product by state slowed sharply last year, falling from 2 percent in 2007 to 0.7 percent in 2008, the Commerce Department reported Tuesday. Last year represented the fourth year in a row when the growth rate of GDP by state continued to decline from its cyclical peak of 3.5 percent in 2004.
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If you only quote the Amen Corner, the only reply you'll ever hear is "Hallelujah!
And so it was in late October when yet another hired preacher of the Meatpacker Gang, a New York outfit named John Dunham & Associates, claimed proposed rules to bring meatpackers into compliance with the Packers & Stockyards Act will cut 104,000 jobs nationwide, drop gross domestic product by $14 billion, and cost local, state and federal tax collectors another $1.36 billion.
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If you only quote the Amen Corner, the only reply you'll ever hear is "Hallelujah!
And so it was in late October when yet another hired preacher of the Meatpacker Gang, a Brooklyn, N.Y., outfit named John Dunham & Associates, claimed proposed rules to bring meatpackers into compliance with the Packers & Stockyards Act will cut 104,000 jobs nationwide, drop gross domestic product by $14 billion, and cost local, state and federal tax collectors another $1.36 billion.
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Improving Oklahoma's high school graduation rate by just 6.4 percent could increase annual earned income in the state by $830 million, increase the state's gross domestic product by $2 billion, and increase state revenues by nearly $76 million a year.
Deidre Myers, director of research and economic analysis for the Oklahoma Department of Commerce, presented to members of the Senate Education Committee on Monday estimates of how much high school dropouts cost the state. In addition to the direct economic impact dropouts have on asset and wealth creation in Oklahoma, the dropout rate bears strong correlations to social problems the state must address with expensive public services.
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Maine businesses could save more than $450 million a year in energy costs by adopting cost-effective efficiency measures, according to a report released Thursday by university researchers.
These measures could help create between 1,500 and 2,500 jobs by 2020, the report said, and boost the state's gross domestic product between $170 million and $260 million, depending on energy prices.
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[...] in a "quick and dirty," state-by-state greenhouse gas inventory compiled each year by the World Resources Institute using widely available data, West Virginia ranked fourth in 2005 for greenhouse gas emissions per person and ranked third for emissions per dollar of gross domestic product.
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DENVER - Colorado is in line for an economic boom if renewable energy use is increased, according to a report touted by Gov. Bill Ritter on Thursday.
The report, issued by Denver-based advocacy group Environment Colorado, says increasing the amount of energy generated from renewable sources such as the sun and the wind will increase the state's gross domestic product by $1.9 billion by 2020.
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New Jersey had the sixth-highest concentration of high-technology business establishments among all businesses in 2006, at 10.11 percent, and higher than the U.S. average of 8.35 percent, according to latest available data.
New Jersey ranked ninth nationwide in venture capital disbursals in 2008, at $1.49 per $1,000 of state gross domestic product, according to a report from the National Science Board, supported by the National Science Foundation, released Jan. 15.
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By Mary E. O'Leary Register Topics Editor moleary@nhregister.com
HARTFORD -- A California firm has been chosen to prepare an in- depth study of the state's three deep water ports, which already are responsible for 30,000 jobs and some $2.7 billion in state gross domestic product.
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A slowdown should hit the national and state economies late this year and in early 2007 but the remaining question for California is how much damage the weakening housing market will bring, according to the UCLA Anderson Forecast that will be released today. The forecast's economists believe that a recession is unlikely because of modest growth levels as measured by gross domestic product at the national level and employment at the state level.
Nor are any economic shocks looming.