North Carolina vs. California Economic Comparison

The enitre world if feeling the economic crunch, and it is well-known that California is in a dire economic position, but how does North Carolina compare?  Pew Charitable Trust conducted a comparison between California and North Carolina:

 • Change in tax revenue
N.C., -7.6%; California, -16.2%;

• Size of budget gap
N.C., 21.9%; California, 49.3%;

• Change in jobless rate
N.C., up 5 percentage points; California, up 4.6:

• Foreclosure rate
N.C., 0.65% California, 2.02%;

• Fiscal management grade
N.C., B-; California, D+

Other states with high misery scores were Arizona and Rhode Island, both scoring a 28, Michigan , 27; and Florida, 25.

States’ revenue data was from Q1 2008 to Q1 2009; budget gap data, is for fiscal 2010 through July; unemployment, Q2 2008 to Q2, 2009; and foreclosure data, Q1, 2009