Friday, August 21, 2009
The U.S. unemployment job statistics, on a state by state basis, are nicely explained in a map published today by the Wall Street Journal. What's particularly noticable, if you watch the animated sequence that shows how unemployment rates have increased across the country, is the story of how the states where manufacturing is most heavily concentrated has taken a beating while the agriculturally-based midwest has remained somewhat stable. The service economies of the east coast have been hit hard but not as bad as the tourism economies of Florida, Nevada, and California. Texas, stabilized by oil, has remained below the national average. The graphs also tell an interesting story as you see how some states have only just recently crept up to the national average.