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!
The equity market correction over the past few weeks due to sovereign credit concerns on top of China policy tightening moves, mixed US economic data and a raised bar of earnings expectations has also gotten around to the credit markets over the past few weeks. Today, the investment grade CDS index is at 105 bps, up 4 from Friday and vs 84 bps two weeks ago. It was last at this level in late Nov in response to the news that Dubai was requesting a standstill agreement on their debt obligations. The KDP high yield index is rising to the...
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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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