Reuters is running a story about the precipitous job losses in Southern states.
While during the house boom, these states enjoyed relatively low unemployment rates, many have now seen jobless tolls reach the double digits.
Georgia weighs in at 10%; North Carolina, 11%. South Carolina bests them both with 12.1%.
Florida has been especially hard hit because of declines in the tourism industry.
A friend of mine just moved to Charleston and she said the job market there is terrible. Everyone she knows is a server, she said. I was surprised.