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22 States Facing Recession Amid Job Cuts and Tourism Loss

10/12/2025

50 11 Full Breakdown

Summary

Story summary

A Moody's report finds that 22 states, including Maine, are in or nearing recession.
Factors contributing to the downturn include slowing immigration, increasing tariffs, and federal job cuts.
Maine's tourism sector lost 225,000 visitors this summer, equating to $139 million in revenue.
Massachusetts has experienced $3.7 billion in federal funding cuts, impacting public services and businesses.

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Story summary

A Moody's report finds that 22 states, including Maine, are in or nearing recession.
Factors contributing to the downturn include slowing immigration, increasing tariffs, and federal job cuts.
Maine's tourism sector lost 225,000 visitors this summer, equating to $139 million in revenue.
Massachusetts has experienced $3.7 billion in federal funding cuts, impacting public services and businesses.