California and Florida Are Still in the Red Zone

Where are the weakest metro areas by growth and employment? They're the red spots in Map One. Where are the epicenters of the real estate earthquake? They're the red spots in Map Two, via Richard Florida. Naturally, they're the same.




Brookings Cities.png



 


Perfectly obvious right? Right. But it's an interesting reminder of two things. First, the recession is lopsided. It's bad everywhere, but Michicaliflarivada is feeling it the worst. Second, this recession isn't like the early 1980s recession, which was triggered by interest rates buoyed by the Federal Reserve. This recession was triggered by something systemic and transnational, a decade-plus reliance on home appreciation isn't even close to being resolved in the red epicenters of the housing bust.


Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

Never Tell People How Old They Look

Age discrimination affects us all. Who cares about youth? James Hamblin turns to his colleague Jeffrey Goldberg for advice.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

Never Tell People How Old They Look

Age discrimination affects us all. James Hamblin turns to a colleague for advice.

Video

Would You Live in a Treehouse?

A treehouse can be an ideal office space, vacation rental, and way of reconnecting with your youth.

Video

Pittsburgh: 'Better Than You Thought'

How Steel City became a bikeable, walkable paradise

Video

A Four-Dimensional Tour of Boston

In this groundbreaking video, time moves at multiple speeds within a single frame.

Video

Who Made Pop Music So Repetitive? You Did.

If pop music is too homogenous, that's because listeners want it that way.

More in Business

Just In