Just a quick note. Here is a government table showing the change in unemployment from November 2007 to November 2008: Over-the-Year Change in Unemployment Rates for States
The really interesting point to note is that some states that were not part of the real estate bubble are among the losers as well as the more obvious ‘bubble’ states. I would expect to see California and Florida among the worst performers, but Idaho and Georgia?
Apparently this bubble induced recession is having a more widespread effect than the housing collapse might suggest. That does not forebode well for the overall economy. The rot has spread far and wide!