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Over the last two decades Virginia’s industries have shown greater employment stability during major economic downturns than their national counterparts, according to a study conducted by Radford University economics professor Nozar Hashemzadeh.
Hashemzadeh based his study on an assessment of employment stability of 26 major industrial groups for the period of 1960-1983. His research, which utilized a new methodology to rank industry stability, was published in the winter issue of The Virginia Social Science Journal.
In Virginia, Hashemzadeh ranked federal government enterprise as number one, followed by medical and educational services and communication in third place. He said once a state determines which industries have the most employment stability, it should attract or subsidize those industries. “One reason Virginia is doing well relative to the rest of the nation is because of its proximity to the nation’s capital,” Hashemzadeh said. “Federal gov
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