Unemployment Rate Heat Map for Election 2012 Report
This heat map is part of RealtyTrac's exclusive Election 2012 Local Housing Market Health Check released today. Download the full report and view other housing market heat maps from the report.
According to data from the Bureau of Labor Statistics, the national unemployment rate in September 2012 of 7.8 percent was 28 percent above the unemployment rate in September 2008.
That trend holds true across the vast majority of counties nationwide. Of all the metrics analyzed for the report, unemployment rates were the most consistently worse off in local markets across the country. A whopping 854 counties out of 919 analyzed documented an increase in unemployment rate from four years ago, representing 94 percent of the total.
Unemployment was down over the four-year period in 53 of the total counties analyzed, representing just 6 percent of the total.
Similar to the home price metric, counties that voted for the GOP presidential candidate in 2008 have fared slightly better, with 46 of them (9) percent documenting a decrease in unemployment while only 7 counties voting for the Democratic candidate (2 percent) reported decreasing unemployment over the four-year period.
Author Bio: Rob Alley earned a bachelors degree at Virginia Tech, in Blacksburg, VA in Biology. Rob Alley consults with homeowners regarding Real Estate transactions and speciliazes in listing and selling Charlottesville Real Estate. Realtor/Owner of Virginia Real Estate Solutions at RE/MAX Assured Properties
Share on Facebook