U.S. Lost 54,000 Jobs in August; Rate Rose to 9.6% + The Ten Things The Government Could Do To Cut Unemployment In Half

[mEDITate-OR:
miss all that "diversity", now that middle age white men are out of work, permanently...
{oh, we know, that is argumentative.}
{however tis true that they make up a larger share of long term unemployed}

Disirregardless, these are some different charts, looking at the same situation, but from different perspectives.

The 2nd chart shows U.S. the direct correlation between net job creation & unemployment.
The 3rd Catherine Rampell's chart similar to Jim's at CR
The 4th starkly shows U.S. who is working, and who is not.
The 5th shows U.S. that those who ARE left employed are earning more per hour.

For those of U.S. who like to read, and think, the article listed below the charts is VERY interesting, and good.
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The Ten Things The Government Could Do

To Cut Unemployment In Half

http://247wallst.com/2010/09/03/the-ten-things-the-government-could-do-to-cut-unemployment-in-half/

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Unemployment Ticked Up to 9.6% in August - Again Driven by Census Firings

[mEDITate-OR:

miss Daniel's monthly very good charts...

Once again, Daniel provides U.S. with a variety of views of that data, and what it means to US.

Then he shocked U.S. with this:

"One striking observation from this chart is the decline in temporary workers. This is worrying. They had been growing since the unemployment rate began to decline. This month's drop could imply that some firms are going from tentative hiring -- through temp jobs -- to a more pessimistic view of the future. That would then result getting rid of those temporary workers."

As he points out to U.S., that is NOT very good news.

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Unemployment Ticked Up to 9.6% in August
Again Driven by Census Firings
http://www.theatlantic.com/business/archive/2010/08/jobs-decline-by-131-000-in-july-unemployment-rate-steady-at-95/61039/
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August jobs report: Signs of life for employment + Strongest jobs recovery in decades. Seriously

[mEDITate-OR:
watch everyone else get excited that it wasn't as bad as "They" predicted...
If you have ever been married, you will understand that it could have been worse.


Disirregardless, this is good news.
The bottom might still be there, but we might also be moving up.
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August jobs report: Signs of life for employment
http://money.cnn.com/2010/09/03/news/economy/august_jobs_report/index.htm
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Strongest jobs recovery in decades. Seriously
http://money.cnn.com/2010/09/02/news/economy/jobs_recovery/index.htm
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Problem bank list climbs to 829 + Bank failures take a breather = FDIC Q2 Banking Profile: 829 Problem Banks

[mEDITate-OR:

wonder why more have not failed, already...

As CR and CNN report to U.S. more and more banks are being added to the "problem" lists.

Fast than they are being removed - by fixing themselves, or being shut down.

What another article points out is that the increased "profits" that most banks are reporting, or for smaller local community banks a smaller loss, is based almost solely on their reducing their loss reserves.

At same time as commercial RE loan problems are escalating - go figure.

And then there is the Fortune chart that show The Banks massive shift of funds INTO Treasuries.

Not loaning the money back to U.S., but rat hole it in TBills.

Unbelievable..., not just, that they are doing it...

but that we are letting them get away with it!

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Map

Where the banks are failing
Bank failures and foreclosures keep mounting

View Map

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Problem bank list climbs to 829
http://money.cnn.com/2010/08/31/news/companies/fdic_problem_bank_list/index.htm
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Bank failures take a breather
Bank regulators are getting a welcome late summer respite.
http://wallstreet.blogs.fortune.cnn.com/2010/08/30/bank-failures-take-a-vacation/
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The bedridden banking recovery
The banks are feeling less woozy but have yet to get back on their feet
- let alone lend a struggling economy a hand
http://wallstreet.blogs.fortune.cnn.com/2010/08/31/the-bedridden-banking-recovery/
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FDIC Q2 Banking Profile: 829 Problem Banks
http://www.calculatedriskblog.com/2010/08/fdic-q2-banking-profile-829-problem.html
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State Tax Revenues Tick Up + Where States Get Their Money + States That Received the Most Federal Funds

[mEDITate-OR:
not know whether you are incoming or going to Hell in a hand-basket...

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-------------    Two interactive maps from Economix articles:
Per-Capita Federal Government Expenditures by Category, FY 2009
State/Loc Tax Rev by Major Source as a % of Total, FY 2008
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State Tax Revenues Tick Up
http://economix.blogs.nytimes.com/2010/08/30/state-tax-revenues-tick-up/
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Where States Get Their Money
http://economix.blogs.nytimes.com/2010/08/30/where-states-get-their-money/
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States That Received the Most Federal Funds
http://economix.blogs.nytimes.com/2010/08/31/states-that-received-the-most-federal-funds/
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Number of illegal immigrants in USA down + Migrants say Arizona worth risk of crossing + Calif has 23 percent of illegal immigrants

[mEDITate-OR:

not notice that the law was changed AFTER the problem started to go away...

and after "they" did to...

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----------    Interactive Pew Map of U.S.

Unauthorized Immigrants in the U.S.

There were an estimated 11.1 million unauthorized immigrants living in the United States in March 2009, a number that declined by about a million since 2007, according to Pew Hispanic Center estimates. Although they are more geographically dispersed than in the past, most live in California, Texas, Florida, New York, Illinois and New Jersey. The vast majority of unauthorized immigrants come from Mexico and other Latin American countries. They are more likely than legal immigrants or U.S.-born residents to be in their 20s and 30s

http://pewhispanic.org/unauthorized-immigration/

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Number of illegal immigrants in USA down

http://www.usatoday.com/news/nation/2010-09-01-illegal-immigrants_N.htm?csp=34news
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Migrants say Arizona worth risk of crossing
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/31/AR2010083104150.html
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Calif has 23 percent of illegal immigrants
http://latimesblogs.latimes.com/lanow/2010/09/decline-in-illegal-immigration-in-california-and-across-the-country-report.html
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Survey: Employers Pass on More Health Costs to Workers + US workers see higher health costs, less care

[mEDITate-OR:

not see that this really began five (5) years before the new medical law...

or not care what the truth might be.

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Survey: Employers Pass on More Health Costs to Workers
http://prescriptions.blogs.nytimes.com/2010/09/02/survey-employers-pass-on-more-health-costs-to-workers/?partner=rss&emc=rss
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Employers Push Higher Health Insurance Costs Onto Workers
http://www.kaiserhealthnews.org/Stories/2010/September/02/kff-employer-survey.aspx
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Family insurance costs skyrocket 14%
http://money.cnn.com/2010/09/02/news/economy/kaiser_employer_benefits_report_2010/
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Productivity in U.S. Falls More Than First Estimated Labor Costs Increase

[mEDITate-OR:

not even know your ship is sinking...

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Productivity in U.S. Falls More Than First Estimated Labor Costs Increase
http://www.bloomberg.com/news/2010-09-02/productivity-in-u-s-falls-more-than-first-estimated-labor-costs-increase.html
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Productivity falls while labor costs increase
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Economic effect of tax cuts

[mEDITate-OR:
not see what works best...
and what did not.

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Economic effect of tax cuts
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Personal Bankruptcy Filings: Down from July, Up from August 2009

[mEDITate-OR:
think that not being "as bad"...
will make them think your "as good" as they are...

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Personal Bankruptcy Filings: Down from July, Up from August 2009
http://www.calculatedriskblog.com/2010/09/personal-bankruptcy-filings-down-from.html
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U.S. 30-Year Mortgage Declines to 4.32% Setting Record Low for 11th Week

[mEDITate-OR:
not even understand why a REFI might help you, a lot.



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U.S. 30-Year Mortgage Declines to 4.32% Setting Record Low for 11th Week
http://www.bloomberg.com/news/2010-09-02/u-s-30-year-mortgage-rate-declines-to-record-4-32-update1-.html
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Jobless claims decreased by 6000 to 472,000 Last Week + but not enough

[mEDITate-OR:
wallow in this mess, and not see any way up or out...

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Jobless claims decreased to 472,000 Last Week
http://www.bloomberg.com/news/2010-09-02/jobless-claims-fell-to-472-000-last-week-signaling-job-market-still-weak.html
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Jobless claims decline but not enough
http://money.cnn.com/2010/09/02/news/economy/jobless_claims/
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Pending Sales of Existing Homes Unexpectedly Increase in July

[mEDITate-OR:

hold your breath, hoping that this is true...

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Pending Sales of Existing Homes Unexpectedly Increase in July

http://www.bloomberg.com/news/2010-09-02/pending-sales-of-existing-u-s-homes-unexpectedly-climbed-by-5-3-in-july.html

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Eating Your Own Toxic Waste + Banks’ Self-Dealing Super-Charged Financial Crisis + Welcome to CDO World!

[mEDITate-OR:
miss out on a really great story...
and
finally read The Truth about the RE collapse.

The first article introduces U.S. to The Rest of the Story.

The second IS the story that everyone is talking/writing about.
You owe it to yourself to read it.
What the story graphs show U.S. is that the rise in RE securitizations was matched by the rise in CDOs, and that both were "incestuous". How much inbreeding was actually going on we were not told and could not see. Now, thanks to ProPublica.Org we are being told and we DO see.

Last and most certainly NOT least is the toon...
That is worth the price of admission.
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Eating Your Own Toxic Waste
https://motherjones.com/kevin-drum/2010/08/eating-your-own-toxic-waste
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Banks’ Self-Dealing Super-Charged Financial Crisis
http://www.propublica.org/article/banks-self-dealing-super-charged-financial-crisis
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Welcome to CDO World!
http://www.propublica.org/special/cdo-world
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Birthrates, Marriage Rates and Divorce Rates Fell in 2009 = U.S. birth rate hits a new record low

[mEDITate-OR:

wonder where the kids went...

What is interesting is not just that the rate of kids per 1000 is historically low...

but, who IS and who is NOT having children.

And, statistically, this is an interesting batch of news reports - almost all cover the total number of kids born, but few cover the number per 1000 people.

And, even fewer point out that "kids" are not having as many kids as they did. They waiting.

And, older women, having done the job thing, are now having kids at much older ages - before it is too late.

And, the number of kids in immigrant families is MUCH higher than for the rest of U.S.

{The Tea Party is NOT gonna like to hear that.}

Even if the Times they are a chang'n is still true...

what is even more interesting is that "we" are even more so.

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America's birth rate was lower in 2009 than at any other time in the past century !

In 2009, the new data shows, there were only 13.5 live births for every 1,000 U.S. residents.

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Birthrates, Marriage Rates and Divorce Rates Fell in 2009
http://economix.blogs.nytimes.com/2010/08/28/birthrates-marriage-rates-and-divorce-rates-fell-in-2009/?src=busln
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U.S. birth rate hits a new record low
http://wellness.blogs.time.com/2010/08/27/u-s-birth-rate-hits-a-new-record-low/#ixzz0y0DBDZSc
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U.S. birth rate falls for second year in midst of recession
http://www.cnn.com/2010/US/08/28/birth.rate.decline/?hpt=T2
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Tale of three countries = Germany, Japan and U.S.

[mEDITate-OR:
not remember the effects of currency changes...
as opposed to China pegging its Yuan to U.S.

What we are seeing is a major recovery in Germany, following the collapse of the EURO and the crisis in the Pigs, starting with Greece.
When the EURO dropped, exports of BMW's and Mercedes to U.S., and China, became a lot less expensive. That appears to be over.
Compare that to U.S. - where everything is in the doldrums.

Japan is, very slowly, recovering - as its exports show.
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