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Friday, January 29, 2010 1:20:52 AM
CHART OF THE DAY: Ohio's Unemployed Masses Are Getting Hammered Like Never Before
Vincent Fernando and Kamelia Angelova | Jan. 28, 2010, 4:00 PM
You can never be sure of a job, a marriage, or even efficient markets theory these days, but through thick and thin it appears there's at least one constant left in this world -- liquor sales will keep rising, at least in Ohio.
In 2009, Ohio's liquor sales volume hit a record high, for the seventh year in a row.
As shown below, even when recession and mass unemployment hits, the people of Ohio don't give up when it comes to booze. In fact, by the look of 2009 data, it appears mass unemployment may have helped boost spirits sales. That's quite a jump from 2008 to 2009. Then again, liquor is probably one of the cheapest forms of entertainment around, thus tight times might lead some people to buy even more of it.
Vincent Fernando and Kamelia Angelova | Jan. 28, 2010, 4:00 PM
You can never be sure of a job, a marriage, or even efficient markets theory these days, but through thick and thin it appears there's at least one constant left in this world -- liquor sales will keep rising, at least in Ohio.
In 2009, Ohio's liquor sales volume hit a record high, for the seventh year in a row.
As shown below, even when recession and mass unemployment hits, the people of Ohio don't give up when it comes to booze. In fact, by the look of 2009 data, it appears mass unemployment may have helped boost spirits sales. That's quite a jump from 2008 to 2009. Then again, liquor is probably one of the cheapest forms of entertainment around, thus tight times might lead some people to buy even more of it.
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