An editorial from The Exponent Telegram
CLARKSBURG, W.Va. — A recent West Virginia University report that indicates the state may be emerging from a recession is welcome news.
The Mountain State Business Index, which takes into account indicators such as building permits, stock prices for state employers, interest rates, coal production and unemployment claims, shows the state is moving forward, instead of slumping as it had been until recently.
“You only needed to look at any news report on the scope and scale of layoffs from the coal industry and the natural gas industry. That was where we’ve come from,” Brian Lego told WV MetroNews.
Lego said economists are beginning to see “things even out.”
“That’s why we’ve said the state’s recession has likely ended,” he said.
Lego and other economists say the state economy’s ability to bounce back quickly remains undetermined…
