2025-11-25 21:11:05
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U.S. job weakness is disproportionately affecting certain states, as trade policy, immigration, and AI shapes the labor market.
So far, job losses in Washington, D.C. account for the largest share of the national total by far. California follows next in line, as Big Tech firms shed thousands of workers after a pandemic-era hiring spree.
This graphic shows job cuts by U.S. state in 2025, based on data from Challenger, Gray and Christmas.
This year, U.S. job losses have reached 1.1 million as of October, up sharply from last year’s total of 761,000.
| State | Job Losses YTD 2025 | Change vs YTD 2024 |
|---|---|---|
| Washington | 303,778 | 773% |
| California | 158,734 | 16% |
| New York | 81,701 | 20% |
| Georgia | 78,049 | 338% |
| Washington | 77,658 | 111% |
| New Jersey | 64,334 | 454% |
| Texas | 46,352 | -31% |
| Ohio | 40,707 | 70% |
| Florida | 22,771 | 76% |
| Illinois | 20,678 | 3% |
| Michigan | 19,336 | -10% |
| Arizona | 18,547 | 103% |
| Pennsylvania | 17,256 | 12% |
| Massachusetts | 14,430 | -18% |
| Tennessee | 11,566 | -27% |
| North Carolina | 10,720 | 26% |
| Maryland | 9,480 | 27% |
| Virginia | 9,304 | 32% |
| Alabama | 9,115 | 180% |
| Minnesota | 9,049 | 4% |
| Iowa | 7,318 | -8% |
| Maine | 7,311 | 1,446% |
| Colorado | 6,982 | -50% |
| Missouri | 5,519 | -21% |
| Kentucky | 5,277 | 52% |
| Nebraska | 5,249 | 597% |
| Oregon | 4,660 | -54% |
| Wisconsin | 3,511 | -63% |
| Connecticut | 3,251 | -66% |
| South Carolina | 3,136 | -28% |
| Kansas | 3,095 | -36% |
| Nevada | 2,668 | -76% |
| Indiana | 2,120 | -45% |
| Oklahoma | 2,061 | 124% |
| Louisiana | 2,050 | 57% |
| Mississippi | 2,006 | 95% |
| Alaska | 1,712 | 2,346% |
| Utah | 1,472 | -75% |
| Rhode Island | 1,221 | -90% |
| Hawaii | 1,063 | -65% |
| West Virginia | 989 | 1% |
| Arkansas | 620 | -63% |
| Idaho | 531 | -26% |
| South Dakota | 478 | -57% |
| Montana | 461 | -55% |
| Vermont | 399 | -15% |
| New Mexico | 288 | -68% |
| Delaware | 209 | -70% |
| New Hampshire | 154 | -35% |
| North Dakota | 96 | 3% |
| Wyoming | 28 | -99% |
As we can see, federal workforce overhauls have resulted in 303,778 layoffs in Washington, D.C., more than California and New York combined.
In California, job losses now total 158,734, reflecting a softening labor market. Overall, California is home to 18 million workers, the highest share in the country.
Across the broader U.S. tech sector, layoff announcements now total 141,159 compared with 120,470 this time last year. Notably, Intel plans to cut 5,000 workers in the U.S., mainly in California and Oregon. San Francisco-based Salesforce also plans to slash 4,000 workers this year.
Meanwhile, New York firms have cut 81,700 workers, a 20% increase from last year. New York-based Verizon alone announced cuts of 13,000 workers in November, largely affecting its U.S. employees.
By contrast, layoff data in Texas is significantly better in 2025 compared to a year ago. Not only that, it leads nationally in job creation, seeing some of the strongest growth in the services and hospitality sectors.
To learn more about this topic, check out this graphic on unemployment by state.
2025-11-25 02:44:51
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From 2015 to 2025, global real estate markets experienced significant divergence between real home price growth and rent price growth.
While most major cities saw home values rise faster than rents, a few key markets—particularly in Europe and Asia—showed softening property prices amid slowing demand and tighter credit conditions.
This visualization highlights 25 major global cities from the UBS Global Real Estate Bubble Index 2025, comparing inflation-adjusted percentage changes in both home and rental prices over the past decade.
Miami topped the list with a staggering 93.1% increase in real home prices, showing the strongest decade-long appreciation globally.
Despite this, rent prices grew only 12.7%, reflecting a widening affordability gap.
The data table below shows the real home price change and real rent price change across 25 major cities around the world.
| City | Real home price change (2015-2025) | Real rental price change (2015-2025) |
|---|---|---|
 Miami, United States |
93.1% | 12.7% |
 Tokyo, Japan |
66.0% | 23.1% |
 Amsterdam, Netherlands |
64.4% | 17.2% |
 Toronto, Canada |
48.0% | 8.3% |
 Madrid, Spain |
42.4% | 48.0% |
 Zurich, Switzerland |
42.4% | 23.1% |
 Frankfurt, Germany |
42.4% | 14.9% |
|
Los Angeles, United States |
42.4% | -2.0% |
|
Vancouver, Canada |
39.7% | 21.9% |
|
Munich, Germany |
30.5% | 18.4% |
 Singapore |
25.5% | 21.9% |
|
Geneva, Switzerland |
17.2% | 1.0% |
 Sydney, Australia |
16.1% | 17.2% |
 Dubai, UAE |
12.7% | 2.0% |
|
San Francisco, United States |
7.2% | -19.1% |
 Paris, France |
0.0% | -8.6% |
 Milan, Italy |
-4.9% | -3.0% |
|
New York, United States |
-4.9% | -7.7% |
 London, United Kingdom |
-10.5% | -10.5% |
 São Paulo, Brazil |
-19.1% | -3.0% |
 Hong Kong |
-19.9% | -11.4% |
Similar trends occurred in other North American cities: Toronto’s home prices rose 48%, while rents climbed a modest 8.3%, and Vancouver saw a 39.7% jump in property values compared to 21.9% rent growth.
These disparities underscore how ownership demand in North America—fueled by migration, investment, and limited supply—has far outpaced rental market fundamentals.
New York City was an outlier, with declines in both home and rent prices of 4.9% and 7.7% respectively.
Europe’s housing performance was varied, with Madrid being an outlier with significant increases especially in rent prices.
Madrid saw home prices rise by 42.4%, while rents surged 48%, the steepest rental increase among all major global cities. This reflects Spain’s booming short-term rental sector and tourism rebound.
In contrast, London’s property and rent prices have fallen 10.5% since 2015, potentially reflecting Brexit’s lingering effects and the significant millionaire exodus the country faces.
Milan was another city which saw declines in both metrics, with a 4.9% and 3% fall in property and rental prices.
Meanwhile, Zurich and Munich both saw double-digit home price increases of 42.4% and 30.5%, with rent gains also in the double digits at 23.1% and 18.4%, respectively.
To learn more about rent prices around the world, check out this graphic which shows the global cities with the highest rent prices on the Voronoi app.
2025-11-24 23:33:01
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
The global cryptocurrency market cap stands at almost $3 trillion. This visualization ranks the world’s biggest cryptocurrencies in 2025, showing how value is distributed across major networks, stablecoins, and emerging digital assets.
The data for this visualization comes from CoinMarketCap. It represents the latest market capitalization figures for the largest cryptocurrencies as of November 11, 2025. Market cap is calculated by multiplying a token’s price by its circulating supply.
Bitcoin remains the clear market leader at nearly $2 trillion, reflecting its status as the most widely held and institutionally recognized crypto asset. Ethereum follows at $391 billion, supported by its role as the leading smart contract platform. Together, the two represent the core of the crypto landscape.
| Rank | Name | Market Cap |
|---|---|---|
| 1 | Bitcoin | $1,997,165,600,925 |
| 2 | Ethereum | $391,239,568,163 |
| 3 | Tether | $183,930,453,416 |
| 4 | XRP | $140,020,028,628 |
| 5 | BNB | $127,574,296,502 |
| 6 | Solana | $80,406,801,155 |
| 7 | USDC | $75,575,532,783 |
| 8 | TRON | $27,726,199,749 |
| 9 | Dogecoin | $24,884,478,723 |
| 10 | Cardano | $19,037,021,093 |
| 11 | Hyperliquid | $13,036,113,804 |
| 12 | Chainlink | $10,165,780,197 |
| 13 | Bitcoin Cash | $10,119,032,710 |
| 14 | Stellar | $8,659,896,374 |
| 15 | UNUS SED LEO | $8,443,694,797 |
| 16 | Zcash | $8,201,255,752 |
| 17 | Ethena USD | $8,195,997,122 |
| 18 | Litecoin | $7,428,846,643 |
| 19 | Monero | $7,161,607,062 |
| 20 | Hedera | $7,014,544,404 |
| 21 | Avalanche | $6,960,020,607 |
| 22 | Sui | $6,907,821,704 |
| 23 | Shiba Inu | $5,500,679,553 |
| 24 | Dai | $5,364,314,220 |
| 25 | Toncoin | $4,940,611,045 |
| 26 | Uniswap | $4,886,752,988 |
| 27 | Polkadot | $4,681,240,652 |
| 28 | Cronos | $4,400,321,655 |
| 29 | Mantle | $3,977,642,836 |
| 30 | Canton | $3,940,854,545 |
| 31 | World Liberty Financial | $3,586,042,424 |
| 32 | Bittensor | $3,514,471,572 |
| 33 | PayPal USD | $3,416,282,717 |
| 34 | Internet Computer | $3,189,227,358 |
| 35 | NEAR Protocol | $3,151,910,974 |
| 36 | Aave | $3,043,905,646 |
| 37 | World Liberty Financial USD | $2,819,404,867 |
| 38 | Bitget Token | $2,787,410,634 |
| 39 | MemeCore | $2,509,460,029 |
| 40 | OKB | $2,464,330,852 |
| 41 | Ethereum Classic | $2,327,032,820 |
| 42 | Pepe | $2,294,432,168 |
| 43 | Aptos | $2,187,451,666 |
| 44 | Ethena | $2,177,400,156 |
| 45 | Aster | $2,174,151,441 |
| 46 | Ondo | $1,944,426,626 |
| 47 | Pi | $1,829,238,754 |
| 48 | Polygon | $1,753,982,749 |
| 49 | Worldcoin | $1,699,117,284 |
| 50 | KuCoin Token | $1,620,080,843 |
Other top cryptocurrencies in our list include layer-1 networks such as Solana, BNB, and Cardano.
Stablecoins are cryptocurrencies designed to maintain a steady value, typically by pegging to fiat currencies, commodities, or other financial instruments. They serve as a bridge between traditional finance and digital markets, offering price stability that makes them useful for trading, payments, and storing value on-chain.
Stablecoins like Tether and USDC now occupy significant positions in the market, with market capitalization of $184 billion and $76 billion.
Their rapid growth reflects rising demand for reliable, dollar-pegged assets across exchanges, payment networks, and decentralized finance applications.
Beyond the major players, a range of mid-size tokens have gained traction.
Projects like Hyperliquid, Chainlink, and Hedera highlight strong demand for specialized tools such as oracle data, liquidity infrastructure, and enterprise-grade networks. Meme-driven and community-led tokens, including Dogecoin, Shiba Inu, and Pepe, remain notable for their cultural influence despite more volatile fundamentals.
If you enjoyed today’s post, check out Inflation Watch: Countries Losing the Most Purchasing Power in 2025 on Voronoi, the new app from Visual Capitalist.
2025-11-24 21:06:04
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What it takes to join the top 1% of earners varies across the United States. This map highlights the income floor required to enter the wealthiest bracket in each state for 2025. The spread is wide, stretching from over $1 million at the top to barely $400,000 in less wealthy states.
High-paying industries like finance, technology, and professional services cluster in coastal states, pushing top incomes even higher. Meanwhile, states with smaller economies and lower costs of living require far less to reach the elite group.
The data for this visualization comes from SmartAsset. It ranks all 50 states by the annual income required to enter the top 1%, based on tax return data. The table below also includes the number of households in this bracket and the corresponding income floor for the top 5%.
Connecticut tops the list with a $1,056,996 income floor, making it the only state above the $1 million mark.
| Rank | State | Top 1% of earners | # of top 1% returns | Top 5% of earners |
|---|---|---|---|---|
| 1 | Connecticut | $1,056,996 | 16,917 | $362,263 |
| 2 | Massachusetts | $965,170 | 32,795 | $378,434 |
| 3 | California | $905,396 | 175,045 | $353,073 |
| 4 | New Jersey | $901,082 | 43,042 | $367,108 |
| 5 | New York | $891,640 | 91,840 | $307,753 |
| 6 | Florida | $859,381 | 105,101 | $281,811 |
| 7 | Washington | $819,101 | 35,597 | $355,767 |
| 8 | Colorado | $772,989 | 27,685 | $318,659 |
| 9 | Wyoming | $771,369 | 2,611 | $255,320 |
| 10 | Texas | $743,955 | 128,130 | $284,661 |
| 11 | New Hampshire | $735,374 | 6,796 | $311,145 |
| 12 | Illinois | $731,202 | 56,794 | $292,729 |
| 13 | Nevada | $703,713 | 14,754 | $248,739 |
| 14 | Virginia | $701,792 | 39,103 | $314,694 |
| 15 | North Dakota | $695,759 | 3,431 | $272,755 |
| 16 | Utah | $690,548 | 13,991 | $270,645 |
| 17 | South Dakota | $687,190 | 4,062 | $255,851 |
| 18 | Maryland | $677,543 | 29,040 | $304,250 |
| 19 | Minnesota | $671,408 | 26,423 | $285,607 |
| 20 | Georgia | $662,821 | 46,220 | $267,958 |
| 21 | Montana | $656,830 | 5,101 | $251,774 |
| 22 | Pennsylvania | $655,636 | 58,541 | $272,141 |
| 23 | Arizona | $641,262 | 31,872 | $261,362 |
| 24 | North Carolina | $640,783 | 46,525 | $268,730 |
| 25 | Tennessee | $638,299 | 30,531 | $247,765 |
| 26 | Idaho | $627,839 | 8,145 | $249,451 |
| 27 | Kansas | $609,946 | 12,643 | $253,834 |
| 28 | Nebraska | $603,899 | 8,660 | $251,139 |
| 29 | Rhode Island | $603,162 | 5,224 | $258,276 |
| 30 | Oregon | $603,006 | 19,053 | $270,877 |
| 31 | Alaska | $586,381 | 3,223 | $266,499 |
| 32 | Vermont | $583,559 | 3,123 | $249,931 |
| 33 | South Carolina | $580,600 | 23,203 | $241,531 |
| 34 | Delaware | $578,580 | 4,726 | $260,787 |
| 35 | Wisconsin | $566,711 | 27,293 | $242,066 |
| 36 | Michigan | $561,582 | 45,218 | $241,403 |
| 37 | Hawaii | $561,147 | 6,472 | $249,850 |
| 38 | Missouri | $559,043 | 26,898 | $237,461 |
| 39 | Iowa | $554,046 | 13,821 | $241,591 |
| 40 | Louisiana | $551,125 | 18,593 | $225,674 |
| 41 | Maine | $550,936 | 6,618 | $236,338 |
| 42 | Ohio | $550,724 | 53,103 | $232,196 |
| 43 | Oklahoma | $544,679 | 16,106 | $224,074 |
| 44 | Alabama | $532,600 | 20,185 | $226,634 |
| 45 | Indiana | $531,332 | 30,120 | $227,098 |
| 46 | Arkansas | $517,761 | 12,198 | $217,087 |
| 47 | Kentucky | $496,281 | 18,395 | $215,196 |
| 48 | New Mexico | $451,639 | 9,310 | $211,101 |
| 49 | Mississippi | $439,479 | 11,731 | $195,171 |
| 50 | West Virginia | $416,310 | 7,316 | $196,335 |
Massachusetts ($965,170) and California ($905,396) follow in second and third place, both supported by large, high-skill job markets. States in the Northeast and along the West Coast dominate the top positions due to dense economic activity and elevated earnings in specialized industries.
States like Colorado, Washington, and Virginia sit in the upper-middle tier, requiring between $700,000 and $820,000 to qualify for the top 1%. These states benefit from fast-growing metropolitan areas, strong tech or government-driven employment, and rising household incomes.
Even in energy-focused states such as Wyoming and North Dakota, the income floors exceed $690,000, showing how pockets of high-paying industries influence overall thresholds.
At the bottom of the ranking, West Virginia’s $416,310 threshold is the lowest in the country, followed by Mississippi ($439,479) and New Mexico ($451,639). Lower costs of living, smaller urban job markets, and fewer high-paying industry clusters contribute to these more modest thresholds.
If you enjoyed today’s post, check out Visualizing the Cost of the American Dream on Voronoi, the new app from Visual Capitalist.
2025-11-24 03:13:56
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Today, Tupelo, MS is the nation’s most affordable city, where your dollar can stretch 21% further than the U.S. average.
Similarly, several Southern cities have the lowest cost of living in the country, typically seeing smaller populations and more affordable housing. In contrast, New York and California continue to rank among the most expensive places to live.
This graphic shows the U.S. cities with the lowest and highest cost of living, based on data from the Council for Community and Economic Research.
Below, we rank cities by their cost of living index, which measured 61 items in Q2 2025:
| Most Affordable | Urban Areas | Cost of Living Index | Least Affordable | Urban Areas | Cost of Living Index |
|---|---|---|---|---|---|
| 1 | Tupelo MS | 79 | 1 | Manhattan NY | 232 |
| 2 | Decatur IL | 79 | 2 | Honolulu HI | 182 |
| 3 | Harlingen TX | 80 | 3 | San Jose CA | 181 |
| 4 | McAllen TX | 80 | 4 | Orange County CA | 162 |
| 5 | Richmond IN | 81 | 5 | San Francisco CA | 160 |
| 6 | Oklahoma City OK | 82 | 6 | Brooklyn NY | 159 |
| 7 | Pittsburg KS | 82 | 7 | Queens NY | 151 |
| 8 | Salina KS | 82 | 8 | Los Angeles- Long Beach CA |
149 |
| 9 | Muskogee OK | 83 | 9 | San Diego CA | 146 |
| 10 | Ponca City OK | 83 | 10 | Boston MA | 145 |
Oklahoma stands out for affordability, with three of the nation’s 10 most affordable cities. Texas and Kansas follow closely, each with two.
In Oklahoma City, the median home sale price sits at $225,167, and more than half of homes sold in August went for less than the list price. Down south, McAllen, Texas saw the third-lowest grocery costs in the country.
At the other end of the spectrum, living costs in Manhattan are more than twice the national average—72% higher than even San Francisco. Neighboring boroughs like Brooklyn and Queens also rank among the least affordable in the U.S., driven by an influx of Manhattan buyers during the pandemic.
Honolulu, meanwhile, takes the lead for grocery expenses, with prices more than 32% above the U.S. average, and 13% higher than in Manhattan.
To learn more about this topic, check out this graphic on the world’s most expensive real estate markets.
2025-11-24 01:51:46
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Forests absorb carbon dioxide and release oxygen, acting as the world’s lungs.
At the same time, forests contain distinct weather systems and water flows, impacting land areas thousands of miles away. While millions of hectares (ha) have been lost across the Amazon over the past several decades, several countries are actively pursuing reforestation efforts.
This graphic shows the top countries by growth in forest area since 2015, based on data from the UN Food and Agriculture Organization.
Below, we show how China has gained the most net forest area in the world over the last decade:
| Ranking | Country | Net gain 2015-2025 (ha) |
Average annual net change (%) |
|---|---|---|---|
| 1 |
 China |
1,686,000 | 0.8 |
| 2 |
 Russia |
942,000 | 0.1 |
| 3 |
 India |
191,000 | 0.3 |
| 4 |
 Türkiye |
118,000 | 0.5 |
| 5 |
Australia |
105,000 | 0.1 |
| 6 |
France |
95,900 | 0.6 |
| 7 |
 Indonesia |
94,100 | 0.1 |
| 8 |
 South Africa |
87,600 | 0.4 |
| 9 |
Canada |
82,500 | 0.0 |
| 10 |
 Vietnam |
72,800 | 0.5 |
Since the 1970s, China has planted thousands, if not millions, of trees under its “Great Green Wall” initiative.
This initiative is designed to prevent sand in the Gobi and Taklamakan deserts from encroaching into cities. Aimed to be completed by 2050, the project has had mixed results, including low tree survival rates in some cases. Yet in spite of this, 1.7 million net ha of forests have been planted in the country since 2015.
Russia ranks in second globally, with 942,000 ha gained over the decade. Supporting this trend are national policies aimed at accelerating forest area growth beginning in 2018.
Similarly, India has enacted ambitious national policy goals for reforestation. By 2030, it plans to restore 26 million ha of forest as part of its climate goals. Since 2015, it has seen a net gain of 191,000 hectares of forest, the third-highest globally.
To learn more about this topic, check out this graphic on the countries with the largest forests.
