California and Florida Are Still in the Red Zone

More

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.


Jump to comments
Presented by

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

Get Today's Top Stories in Your Inbox (preview)

What's the Number One Thing We Could Do to Improve City Life?

A group of journalists, professors, and non-profit leaders predict the future of livable, walkable cities


Elsewhere on the web

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

Adventures in Legal Weed

Colorado is now well into its first year as the first state to legalize recreational marijuana. How's it going? James Hamblin visits Aspen.

Video

What Makes a Story Great?

The storytellers behind House of CardsandThis American Life reflect on the creative process.

Video

Tracing Sriracha's Origin to Thailand

Ever wonder how the wildly popular hot sauce got its name? It all started in Si Racha.

Video

Where Confiscated Wildlife Ends Up

A government facility outside of Denver houses more than a million products of the illegal wildlife trade, from tigers and bears to bald eagles.

Video

Is Wine Healthy?

James Hamblin prepares to impress his date with knowledge about the health benefits of wine.

Video

The World's Largest Balloon Festival

Nine days, more than 700 balloons, and a whole lot of hot air

Writers

Up
Down

More in Business

Just In