Jobless rate vs. mortgage woes

If one is high, there's a strong chance the other will be too. Calculated Risk looks at state unemployment rates during the last three months of 2009 and the percentage of mortgages that are either delinquent or in the foreclosure process. California doesn't quite rank as the worst of both worlds (that honor goes to Michigan, followed by Nevada and South Carolina), but the numbers are bad enough: unemployment at 11.4 percent and delinquent mortgages at 16.9 percent. On the low end, there's North Dakota, with an unemployment rate of 4.3 percent and the percentage of delinquencies at 5.1 percent.


STATE---JOBLESS RATE---PERCENTAGE OF DELINQUENT LOANS
Michigan 13.6% 17.6%
Nevada 11.8% 24.7%
South Carolina 11.7% 13.9%
California 11.4% 16.9%
Rhode Island 11.2% 15.1%
Oregon 11.1% 9.9%
North Carolina 10.6% 12.4%
Florida 10.5% 26.1%
Tennessee 10.5% 13.7%
Kentucky 10.5% 13.0%
Ohio 10.2% 15.7%
District of Columbia 10.2% 10.9%
Illinois 10.1% 16.7%
Indiana 10.1% 16.1%
Alabama 10.1% 13.6%
Mississippi 9.6% 17.7%
Georgia 9.6% 17.1%
Missouri 9.3% 11.8%
New Jersey 9.2% 15.4%
Arizona 9.1% 18.6%
Washington 8.9% 9.8%
Wisconsin 8.5% 11.7%
New York 8.4% 13.7%
Massachusetts 8.4% 13.1%
Connecticut 8.2% 13.1%
Pennsylvania 8.1% 12.5%
Delaware 8.1% 12.4%
Maine 8.0% 13.9%
Idaho 8.0% 11.7%
Minnesota 8.0% 10.7%
Alaska 8.0% 6.1%
West Virginia 7.9% 12.9%
Colorado 7.7% 9.7%
Texas 7.6% 12.3%
Arkansas 7.3% 11.4%
New Mexico 7.2% 11.3%
Maryland 7.0% 14.7%
Vermont 6.9% 8.6%
Louisiana 6.8% 14.7%
Hawaii 6.8% 11.9%
Virginia 6.7% 10.2%
Kansas 6.7% 10.1%
Utah 6.6% 11.9%
Oklahoma 6.4% 11.5%
Wyoming 6.4% 7.4%
New Hampshire 6.3% 11.5%
Montana 6.2% 7.4%
Iowa 6.0% 10.1%
South Dakota 4.8% 6.5%
Nebraska 4.6% 8.6%
North Dakota 4.3% 5.1%


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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