Monday, May 18, 2009

Misery Map

Check out this map, created by the Associated Press, which shows the degree of economic misery in various parts of the United States. Their economic index weighs three variables: unemployment, foreclosures, and bankruptcy.

I find interesting that the western part of the U.S. is experiencing the most economic pain. On April 24 COTTonLINE cited a Michael Barone column which talked about the Sand States - California, Nevada, Arizona, and Florida - having many foreclosures. Clearly those foreclosures, and the associated collapse of the labor-intensive building industry, are a major contributor to the AP misery index.

Note: units on the map appear to be counties, which in the west tend to be much larger.