Interesting post over at The Oregon Economics Blog. Patrick Emerson asks why is unemployment so bad on the West Coast? Unfortunately it sounds like no one has a particularly good theory yet.
Quick, what do California, Oregon and Washington have in common? Among other things, the Pacific Ocean and lots of good beer among them, they all have higher than average unemployment, much higher than average underemployment and, along with Nevada, the highest difference between unemployment rates and underemployment rates.
All this according to the US Bureau of Labor Statistics and nicely summarized by the Wall Street Journal.