ABSTRACT
This chapter discusses with comparisons of each region in the United States with the national economy as a whole, to isolate any major peculiarities in the behavior of each regional economy. Unemployment rose briefly as conversion from a war economy to a peacetime economy took place. The rate of inflation was brought down to 3.2 percent in 1983 while the rate of unemployment increased to 8.2 percent. The United States story of unemployment and inflation since World War II is not so easily reduced to regular, clockwise, cyclical loops, steadily increasing in amplitude, as the Canadian one. Since then both unemployment and inflation have shown a tendency to fall when growth of Gross national product (GNP) is rising and to rise when growth of GNP is falling. The scatter of discomfort points of the mid-Atlantic region is more constrained or "bunched" than the New England scatter and, therefore, is more different from that of the United States.
