Thursday, January 22, 2009

Snapshots of the Financial Crisis

U.S. Household Income Map: taken from a cool blog Visualizing Economics:Making the Invisible Hand Visible.


How the economic crisis has effected the rich. - Over a third of American millionaire households said they had lost at least 30% of their net worth since September


A First Look at Foundation and Corporate Response to Economic Crisis



Interactive maps that focus on the economic crisis:




Automobile inventories build up to unprecedented levels. Storage areas and docksides are now packed with vast expanses of unsold cars as demand slumps.



Metro Unemployment forecast January 2009 The decline in the labor market is severe. Employment fell nearly 500,000 per month in the last 4 months of 2008, and we expect similar losses through the first quarter of 2009.
December marked the 12th consecutive month of job cuts, and the cumulative payroll decline now stands at more than 2.5 million. We believe that is just halfway to the total job loss anticipated during this cycle. On top of the bad employment news, the unemployment rate has jumped to 7.2%, reaching a 15-year high. We see the unemployment rate rising above 9% by early 2010, the highest
level since the early 80s.





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