{"id":382763,"date":"2025-11-16T10:27:17","date_gmt":"2025-11-16T10:27:17","guid":{"rendered":"https:\/\/www.europesays.com\/us\/382763\/"},"modified":"2025-11-16T10:27:17","modified_gmt":"2025-11-16T10:27:17","slug":"22-states-in-or-near-a-recession-right-now-and-what-it-means-for-residents","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/382763\/","title":{"rendered":"22 States in or Near a Recession Right Now \u2014 and What It Means for Residents"},"content":{"rendered":"\n<p class=\"yf-1090901\">In a recent <a href=\"https:\/\/www.realtor.com\/news\/trends\/state-economy-recession-risk\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Moody\u2019s Analytics report;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Moody\u2019s Analytics report<\/a> detailed by Realtor.com, a somewhat grim scenario emerged for nearly half of U.S. states \u2014 according to Moody\u2019s, those states were either embroiled in a recession or at <a href=\"https:\/\/www.gobankingrates.com\/money\/economy\/reasons-recession-isnt-100-percent-confirmed\/?hyperlink_type=manual&amp;utm_term=incontent_link_1&amp;utm_campaign=1319379&amp;utm_source=yahoo.com&amp;utm_content=1&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:high risk of entering one;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">high risk of entering one<\/a>.<\/p>\n<p class=\"yf-1090901\"><strong>Learn More: <a href=\"https:\/\/www.gobankingrates.com\/saving-money\/budgeting\/smart-ways-frugal-people-living-already-recession\/?hyperlink_type=manual&amp;utm_term=related_link_1&amp;utm_campaign=1319379&amp;utm_source=yahoo.com&amp;utm_content=2&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:8 Smart Ways Frugal People Are Living Like There\u2019s Already a Recession;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">8 Smart Ways Frugal People Are Living Like There\u2019s Already a Recession<\/a><\/strong><\/p>\n<p class=\"yf-1090901\"><strong>Read Next: <a href=\"https:\/\/www.gobankingrates.com\/saving-money\/car\/types-vehicles-retirees-stay-away-from-buying\/?hyperlink_type=manual&amp;utm_term=related_link_2&amp;utm_campaign=1319379&amp;utm_source=yahoo.com&amp;utm_content=3&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:9 Low-Effort Ways To Make Passive Income (You Can Start This Week);elm:context_link;itc:0;sec:content-canvas\" class=\"link \">9 Low-Effort Ways To Make Passive Income (You Can Start This Week)<\/a><\/strong><\/p>\n<p class=\"yf-1090901\">GOBankingRates dives deep into which states are being affected and <a href=\"https:\/\/www.gobankingrates.com\/money\/economy\/federal-budget-cuts-that-disproportionately-affect-red-states\/?hyperlink_type=manual&amp;utm_term=incontent_link_2&amp;utm_campaign=1319379&amp;utm_source=yahoo.com&amp;utm_content=4&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:what that means if you live in one of them;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">what that means if you live in one of them<\/a>.<\/p>\n<p class=\"yf-1090901\">The list of states provided included:<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Connecticut<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Delaware<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Georgia<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Illinois<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Iowa<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Kansas<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Maine<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Maryland<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Massachusetts<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Minnesota<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Mississippi<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Montana<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">New Hampshire<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">New Jersey<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Oregon<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Rhode Island<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">South Dakota<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Virginia<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Washington<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Washington, D.C.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">West Virginia<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Wyoming<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>Check Out: <a href=\"https:\/\/www.gobankingrates.com\/money\/economy\/heres-how-much-cash-you-need-stashed-to-survive-a-recession-in-the-midwest\/?hyperlink_type=manual&amp;utm_term=related_link_3&amp;utm_campaign=1319379&amp;utm_source=yahoo.com&amp;utm_content=5&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Here\u2019s How Much Cash You Need Stashed To Survive a Recession in the Midwest;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Here\u2019s How Much Cash You Need Stashed To Survive a Recession in the Midwest<\/a><\/strong><\/p>\n<p class=\"yf-1090901\">Moody\u2019s chief economist Mark Zandi made a few remarks over the data, noting that D.C., in particular, was being affected by job cuts and the nature of the <a href=\"https:\/\/www.gobankingrates.com\/money\/economy\/chatgpt-what-would-happen-if-government-shutdown-lasted-until-2026-what-it-said\/?hyperlink_type=manual&amp;utm_term=incontent_link_3&amp;utm_campaign=1319379&amp;utm_source=yahoo.com&amp;utm_content=6&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:federal government shutdown;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">federal government shutdown<\/a>.<\/p>\n<p class=\"yf-1090901\">Further, Zandi noted, there was a bit of a silver lining.<\/p>\n<p class=\"yf-1090901\">\u201cSouthern states are generally the strongest, but their growth is slowing. California and New York, which together account for over a fifth of U.S. GDP, are holding their own, and their stability is crucial for the national economy to avoid a downturn,\u201d he said, although both states were listed as \u201ctreading water\u201d as part of the Moody\u2019s infographic.<\/p>\n<p class=\"yf-1090901\">According to data provided by the <a href=\"https:\/\/www.epi.org\/blog\/amid-the-shutdown-data-blackout-state-unemployment-insurance-claims-continue-to-shed-light-on-the-labor-market\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Economic Policy Institute;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Economic Policy Institute<\/a> (EPI), collating Department of Labor submissions from individual states, <a href=\"https:\/\/www.gobankingrates.com\/money\/jobs\/myths-about-unemployment-insurance-benefits\/?hyperlink_type=manual&amp;utm_term=incontent_link_4&amp;utm_campaign=1319379&amp;utm_source=yahoo.com&amp;utm_content=7&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:unemployment insurance claims;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">unemployment insurance claims<\/a> are significantly up in Washington, D.C., as well as in other states singled out by the Moody\u2019s report.<\/p>\n<p class=\"yf-1090901\">\u201cIn D.C. proper, federal continued claims increased over 1,000% from the same time last year. In nearby Maryland, federal claims are up over 500% and federal claims in Virginia are double compared with the same period in 2024,\u201d the EPI reported.<\/p>\n<p class=\"yf-1090901\">\u201cWhile the national numbers of continued UI claims are not yet showing up as recessionary, there are clearly pockets of this country that are experiencing greater labor market weakness,\u201d it added. \u201cFor example, year-over-year percentage increases in continued claims for the District of Columbia, Virginia and Maryland are 53%, 29% and 25%, respectively. These states represent three of the five highest year-over-year increases, with Connecticut (47%) and Oregon (27%) being the other two states according to the latest data for the week ending [Sept.] 27, 2025.\u201d<\/p>\n<p class=\"yf-1090901\">And as Realtor.com senior economist <a href=\"https:\/\/www.realtor.com\/research\/author\/jkrimmel\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Jake Krimmel;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Jake Krimmel<\/a> pointed out, the effects of a widespread recession hitting so many states at once could center around housing markets \u2014 both for prospective buyers as well as existing homeowners looking to make onerous mortgage payments.<\/p>\n<p class=\"yf-1090901\">\u201cWhether nationwide or localized, recessions are bad for housing markets. The direct effects of an economic slowdown are higher unemployment, less hiring and lower wages \u2014 all killers for would-be homebuyers and all warning signs for current homeowners <a href=\"https:\/\/www.gobankingrates.com\/home-loans\/purchase\/how-avoid-foreclosure-cant-afford-mortgage-payments-anymore\/?hyperlink_type=manual&amp;utm_term=incontent_link_5&amp;utm_campaign=1319379&amp;utm_source=yahoo.com&amp;utm_content=8&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:trying to make mortgage payments;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">trying to make mortgage payments<\/a>,\u201d Krimmel said.<\/p>\n<p class=\"yf-1090901\">Despite this, as Krimmel underscored, it appeared as if \u2014 at least for now \u2014 the portions of the country which are teetering on the brink of recession, if not already dealing with this economic scenario \u2014 notably New York and the rest of the Northeast \u2014 appear to have the strongest housing markets in the U.S. at the current juncture.<\/p>\n<p class=\"yf-1090901\">On the other hand, softer housing markets \u2014 with Texas, Florida and Arizona being singled out \u2014 were simultaneously flagged as having weaker price growth and more sluggish housing inventories, despite being listed by Moody\u2019s as having \u201cstill-expanding economies.\u201d<\/p>\n<p class=\"yf-1090901\"><strong>More From GOBankingRates<\/strong><\/p>\n<p class=\"yf-1090901\">This article originally appeared on <a href=\"https:\/\/www.gobankingrates.com?utm_term=bottom_link&amp;utm_campaign=1319379&amp;utm_source=yahoo.com&amp;utm_content=13&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:GOBankingRates.com;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GOBankingRates.com<\/a>: <a href=\"https:\/\/www.gobankingrates.com\/money\/economy\/states-in-near-recession-right-now-what-means-residents\/?utm_term=source_link&amp;utm_campaign=1319379&amp;utm_source=yahoo.com&amp;utm_content=14&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:22 States in or Near a Recession Right Now \u2014 and What It Means for Residents;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">22 States in or Near a Recession Right Now \u2014 and What It Means for Residents<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"In a recent Moody\u2019s Analytics report detailed by Realtor.com, a somewhat grim scenario emerged for nearly half of&hellip;\n","protected":false},"author":3,"featured_media":382764,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,7031,79,147719,183049,183047,81567,55626,10405,183048,67,132,68,2058],"class_list":{"0":"post-382763","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-d-c","10":"tag-economy","11":"tag-federal-government-shutdown","12":"tag-jake-krimmel","13":"tag-list-of-states","14":"tag-mark-zandi","15":"tag-moodys-analytics","16":"tag-recession","17":"tag-southern-states","18":"tag-united-states","19":"tag-unitedstates","20":"tag-us","21":"tag-washington"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115558904250638295","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/382763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=382763"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/382763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/382764"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=382763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=382763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=382763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}