When the Dow last peaked at 14,164.53 on Oct. 9, 2007, West Virginia's unemployment rate was 4.3 percent. When it hit its dot-com bubble peak of 11,722.98 on Jan. 14, 2000, state unemployment stood at 5.7 percent.
As the Dow blows through uncharted territory today, West Virginia's unemployment rate stands at 7 percent. And that's lower than the national rate of 7.5 percent.
Obviously Main Street hasn't caught the momentum of Wall Street. Guess it will be a while before we all can party like it's 1999.
Meanwhile, a new survey from Pew Charitable Trusts found that West Virginia would be the least-affected state if Congress and President Barack Obama chose to eliminate the mortgage interest deduction.
Pew found that only 15 percent of state taxpayers claim the deduction, with an average deduction of $1,220 per filer. West Virginia had the fewest taxpayers using the deduction, and only North Dakota, at $1,192, had a lower average claim.
The study found 25.5 percent of taxpayers across the country are using the deduction.
The use of the deduction varies widely among states. It is used more frequently by those in metropolitan areas, where home values have increased significantly and there is a high turnover rate for home ownership.
At 36.8 percent, Maryland had the highest percentage of taxpayers who used the deduction, followed by Connecticut at 34.3 percent and Virginia at 33.2 percent. The average deduction taken in Maryland was $4,580 per filer.