Interesting look at job losses since 2004

Here is a very interesting graphical look at job losses by MSA (a census term for Metropolitan Statistical Area) by month since 2004. Clearly not all places have been treated equally.

This kind of information goes hand in hand with the Case-Shiller data. Those places with fewer job losses have experienced lower price declines. As the alt-A and prime loans start resetting, there will be a second wave of foreclosures. I think this one will be more job driven than anything else. As DFW has been able to weather the storm better than other areas, I expect to see the same. That’s not to say it won’t effect us – but we won’t see it as badly.

Leave a Reply

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>