Monday, January 11, 2010

Unevenness of the Recession

All recessions are uneven. Here is the current one, color-coded by state unemployment rates (from pg. 15 of the January 11 issue of Business Week):

The takeaway from this graphic should not be that the recession is uneven. Instead, the width of the 2 pink categories – 2% – is a lot larger than in past recessions. If we did this for the 2000-1 recession, the whole map would’ve been gray, with only some light pink in the northwest.

If you go to the Bureau of Labor Statistics, they have a servlet that will generate color-coded maps and you can see the difference.

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