Fascinating visualization of unemployment in the United States as it progresses over time, from January 2007 to Present.
The animation is monthly by counties:
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click for animation
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Hat tip Paul!
UPDATE: Now on YouTube!
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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November 22nd, 2009 at 8:38 am
Watching the country turn black as 2009 progresses is indeed sobering. One question: any idea why it shows the unemployment rate as Sept. 09 as 8.5%? That doesn’t tally with any measure I’m familiar with.
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BR: My guess is because the average across counties is different from the national average . . .
There are vast stretches of land West of the Mississippi, from Texas up to Wyoming and Minnesota, where unemployment is far below the national average, but in Farming/Ranching states that are more sparsely populated. Hence, the average county unemployment is skewed relative tot he national measure.
November 22nd, 2009 at 8:39 am
Once again, Sublette County, WY, leads the nation in employment.
November 22nd, 2009 at 8:53 am
I’m using an organic, Big Blue-style, massively parallel supercomputer to try and figure out how rising unemployment lends itself to inflation instead of deflation…but I keep coming up with the same answer.
It doesn’t:
“The grocery consumer price index, which measures what shoppers pay at stores, has decreased 2.5 percent over the past year, “with the fruits and vegetables, dairy and meat groups all posting significant declines,” according to the Bureau of Labor Statistics. The food index has declined 0.2 percent since September 2008, the first 12-month decrease in more than 40 years. “
November 22nd, 2009 at 11:08 am
I thought I was watching a preview for The Andromeda Strain.
November 22nd, 2009 at 12:15 pm
Things are getting better and better…in Northern Alaska.
November 22nd, 2009 at 1:55 pm
Interesting that Nebraska remains unscathed.. .maybe is has to do with Warren (Uncle Sam) Buffett or the fact that Nebraska’s legislature is not allowed to take on debt any more than $100K.
November 22nd, 2009 at 5:20 pm
Clearly we need to get more people–preferably politicians, if you count them as people–to move into the Great Lakes.
November 22nd, 2009 at 6:31 pm
The only way to fix the situation with unemployment is vigorous economic growth. If other countries can grow at 10%, there is no reason why the US cannot do the same.
We need policies that re-enforce growth. Because fixing unemployment will also fix the real estate issues and the bank balance sheets.
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