The improvement in state economies has started to regain momentum after falling off in the June 2012 update. Personal income data from the second calendar quarter of 2012 show faster growth than the first quarter, but slower growth compared to the final quarter of 2011. Employment growth remained fairly stable, though many states continue to deal with manufacturing and government job losses. Western states continue to dominate the index.
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A Tale of Two Vices
Nov. 2013, Volume 31, Issue 21
A recent study examines the various methods by which states regulate the sale of alcohol. Among the findings is that state ownership of alcohol sales equates with lower consumption, and that state control over alcohol wholesaling generates much higher revenue than a licensing system. The research also reveals the diminishing importance of state alcohol taxes, which leads Reports to examine why alcohol is treated differently than tobacco.