Business leaders may think the Temple area has had a soft landing in the national recession, but one source says the pain just hasn’t started yet here.

MSNBC and Moody’s Economy.com posted their Adversity Index on Friday, and Temple was part of the story:

“The four metro areas still not in recession are judged to be at risk of recession, meaning they are decelerating toward the downturn. They are Bismarck, N.D.; Killeen-Temple-Fort Hood, Texas; Laredo, Texas; and Texarkana, Texas-Arkansas. Joining the recession in April were the metro areas of Anchorage, Alaska; Las Cruces, N.M.; Midland, Texas; and Odessa, Texas.”