Friday, April 9, 2010

4,197,371 jobs lost nationwide since February 2008

This graph displays the nationwide loss of jobs since 2008 and paints a pretty significant picture of how severe the mid-west has been hit the by this financial crisis.

http://www.stat.columbia.edu/~cook/movabletype/mlm/job-loss.png
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8 comments:

  1. MattRApril 9, 2010 at 12:40 PM

    Looks like somebody dropped a bomb on the midwest! Very shocking. Part of what makes it look so bad is that there are a few big cities in the midwest that are near each other and all hit hard by the crisis.

    One thing that I was surprised by was the relative strength of Texas. Might have something to do with all the tech companies down there.

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  2. Ashlee SteudleApril 10, 2010 at 1:11 PM

    I knew that the Midwest was hit pretty hard by the crisis, mostly as a result of the auto industry. However, I was very surprised to see some of the southern states (Alabama and the Carolinas) hit so hard.

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  3. Jared AndrzejewskiApril 10, 2010 at 5:46 PM

    I always thought that Michigan was one of the worst hit states but I didn't realize that the states surrounding Michigan were hit so bad as well. It is not just one Michigan its the whole Midwest and eastern US, there really isn't any breaks in between its just one big red dot which was really surprising to me.

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  4. Ben MinkoffApril 11, 2010 at 2:12 PM

    I agree with Jared. This map is extremely depressing to look at. I did not realize the Midwest was hit so hard. Also, it is very surprising to see that some of the northern middle states didn't seem to get hit so hard.

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  5. BryanApril 11, 2010 at 3:04 PM

    It is interesting to see the North Carolina area hit where the triangle is and lots of government facilities and bases. I recently talked to my Aunt who lives in that area and although there were a heavy amount of jobs lost Raleigh is still a growing city and it is interesting to see how a government money stimulated area can still be successful after the crisis. I'm sure that on this map where smaller red clusters are located you could pinpoint a few big companies shutting down or running out of business that was detrimental to the area and local economy.

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  6. Ryan BizzisApril 13, 2010 at 7:17 AM

    A depressing sight indeed. I wonder if the farming industry is suffering at all because many of those states dont have as large of red in them, but they also don't have anywhere near the population densitiy. I figure people have to eat regardless of the economy, so does this mean they eat cheaper products or do they eat the same since everyone in the country has a bridge card.

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  7. KelseyApril 13, 2010 at 10:00 AM

    It is very sad to see this and imagine the people that were affected because my family was lucky enough not to be. However, I was extremely surprised to see the middle of the country wasn't affected hardly at all and that is shocking. I just assumed that Michigan was worse off, but that the whole country was affected by this crisis when it seems that may not be the case at all.

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  8. Adam ManixApril 13, 2010 at 1:52 PM

    I agree that this map is very depressing however I don't think this should be shocking to anybody who has lived in Michigan over the last ten years. Even when other parts of the country were doing well during the housing bubble, the auto companies were still struggling causing Michigan to struggle. For as long as I can remember every conversation I have about Michigan revolves around how bad the economy is struggling. Time to move to Texas.

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