Consumer prices increase 1.2 percent in 12 months + Producer prices in October 2010 - stage-of-processing indexes = Real earnings in October 2010

[mEDITate-OR:
not see that (y)our income...
and (y)our costs...
are both down...

But that does not change the fact that things are not going well for U.S.
--------------

-------------

------------

============
Consumer prices increase 1.2 percent in 12 months
http://www.bls.gov/opub/ted/2010/ted_20101123.htm
-------------
Producer prices in October 2010 — stage-of-processing indexes
http://www.bls.gov/opub/ted/2010/ted_20101122.htm
---------
Real earnings in October 2010
http://www.bls.gov/opub/ted/
==========

Nonfatal occupational injuries and illnesses requiring days away from work decrease in 2009

[mEDITate-OR:
not find that "transportation" being more dangerous than construction and mining to be a wee, skoshi bit odd...

What you may also, permissive, find odd, is that with the decline in employment in mid 08, we do not see - yet? - as large a decline in injuries. Did we get less careless, worrying about keeping our jobs?

But, explain why being in "health care" is so dangerous.
Is this bcuz WORKING in a hospital is almost as dangerous to (y)our health as BEING "treated" as a patient in one?
-------------

---------
In private industry, the number of injuries and illness cases involving days away from work decreased 11 percent to 964,990 cases—a decline from 1,078,140 in 2008. This is the first time the number of cases has been below 1 million since data have been collected
-------------
In private industry, 18 percent (172,820 cases) of all occupational injuries and illnesses occurred in health care and social assistance
-------------
From 2008 to 2009, the number of injury and illness cases within the transportation and warehousing industry (90,700 in 2009) decreased 13 percent. Half of the injury and illness cases in this industry were the result of overexertion or contact with objects or equipment.
-------------
The incidence rate for transportation and warehousing decreased 8 percent to 227 cases per 10,000 full-time workers, but remained the highest incidence rate of all industry sectors.
============
Nonfatal occupational injuries and illnesses
requiring days away from work decrease in 2009
http://www.bls.gov/opub/ted/2010/ted_20101118.htm
=============

The Other Taxes: Who Pays Them?

[mEDITate-OR:

forget how far wrong the Far Right really is...

My NYT comment about Casey, the Faux economist:

Once again Casey greased the ball he is pitching to U.S. On 1st read it did appear that, finally, The Case was getting it right. Then we read the comments, too. Which show all of U.S. that he is still being The Bad Case.

--------------

This other comment is illustrative:

The share of total after tax income (including all categories of taxation)

going to the lower three household income quintiles (<$75,000)

declined by 2.2% between 2001 and 2007

the share of total after tax income going to the upper 1% of households

increased 4.5% between 2001 and 2007

-------------

As a former R AG in a state of WA was reported, and then admitted, to have said: "Do not tell me what IS true..., tell me what people like me want to THINK is true. That is my only reality."

Another gross example of Faux news in our Times

-----------

========
The Other Taxes: Who Pays Them?
http://economix.blogs.nytimes.com/2010/11/24/the-other-taxes-who-pays-them/
============

Wages of Full-time and Part-time Cooks: A Multicity Tour

[mEDITate-OR:
not see why Texas isn't the Mecca tis said to be...

This is an interesting BLS report.
While the fact that full-time workers are paid more is not surprising.
What you might find so is that "institution & cafeteria" cooks are the highest paid.
Why?

Are these people employed by prisons, schools...
and the "inmates" are dangerous?
Or, are these people employed by large hospitals...
where they drown/kill off all the stupid ones.
Literally and figuratively.

*Texas - the last two cities on the 3rd & last chart
-------------

---------------

---------------

=============
Wages of Full-time and Part-time Cooks: A Multicity Tour
http://www.bls.gov/opub/cwc/cm20101117ar01p1.htm
===========

Were the Bush Tax Cuts Good for Growth? + Growth: The U.S. vs. Europe

[mEDITate-OR:
listen to "The Truth", as you want to hear it...
as opposed to what is, in fact, The Real Truth.

Please note, the W years are the last two "on the Far Right"...
and the farthest right you are, not?, the worse it was....
which is being wrong - about what the tax cuts really did.

----------------

Tax cuts don’t seem to be:

 growth in this country was faster than in Europe after the Clinton tax increase and after the Bush tax cut

(and, of course, the American economy grew faster after the tax increase than it did after the tax cut).

---------Clinton VS WBush

-------------WBush VS the rest of U.S.

=========
Were the Bush Tax Cuts Good for Growth?
http://economix.blogs.nytimes.com/2010/11/18/were-the-bush-tax-cuts-good-for-growth/
------------------
Growth: The U.S. vs. Europe
http://economix.blogs.nytimes.com/2010/11/24/growth-the-u-s-vs-europe/
=====

Visualizing Booming Profits = Unemployment rates in each state, compared to previous month and a year ago = Thanks for nothing, Corporate America

[mEDITate-OR:
believe that "once upon a time"...
America was a fair country, to itself and it's people.
that was then...
THIS is now.

---------

-------------

-----------

--------
Employers in 41 states added jobs in October, the Labor Department said Tuesday, the best showing in 5 months. But the unemployment rate fell in only 19 states, because the additional jobs weren't always enough to absorb increases in the number of people looking for work. The rate rose in 14 states and remained the same in 17 states. Below are the unemployment rates for each state last month, compared to the previous month and a year ago.

	Oct.	Sept.	Oct.
	2009	2010	2010
Alabama	10.8	8.9	8.9
Alaska	8.4	7.7	7.9
Arizona	9.3	9.7	9.5
Arkansas	7.5	7.7	7.8
California	12.2	12.4	12.4
Colorado	7.5	8.2	8.4
Connecticut	8.7	9.1	9.1
Delaware	8.5	8.3	8.3
District of Columbia	11.4	9.8	9.7
Florida	11.4	11.9	11.9
Georgia	10.2	9.9	9.9
Hawaii	6.9	6.4	6.4
Idaho	8.8	9	9.1
Illinois	10.9	9.9	9.8
Indiana	9.9	10.1	9.9
Iowa	6.5	6.7	6.7
Kansas	6.8	6.6	6.7
Kentucky	10.7	10.1	10
Louisiana	7.3	7.8	8.1
Maine	8.1	7.7	7.4
Maryland	7.3	7.4	7.4
Massachusetts	9.1	8.4	8.1
Michigan	14.4	13	12.8
Minnesota	7.7	7	7.1
Mississippi	10.2	9.8	9.7
Missouri	9.7	9.3	9.4
Montana	6.6	7.4	7.3
Nebraska	4.7	4.6	4.7
Nevada	12.9	14.4	14.2
New Hampshire	6.8	5.5	5.4
New Jersey	9.9	9.4	9.2
New Mexico	8	8.2	8.4
New York	8.9	8.3	8.3
North Carolina	10.9	9.7	9.6
North Dakota	4.3	3.7	3.8
Ohio	10.8	10	9.9
Oklahoma	6.9	6.9	6.9
Oregon	10.9	10.5	10.5
Pennsylvania	8.6	9	8.8
Rhode Island	12.3	11.5	11.4
South Carolina	12.2	11	10.7
South Dakota	4.7	4.4	4.5
Tennessee	10.8	9.4	9.4
Texas	8.1	8.1	8.1
Utah	6.7	7.5	7.6
Vermont	6.7	5.8	5.7
Virginia	6.8	6.8	6.8
Washington	9.2	9.1	9.1
West Virginia	8.8	9.1	9.3
Wisconsin	8.7	7.8	7.8
Wyoming	7.4	6.8	6.7

===========
Visualizing Booming Profits
http://economix.blogs.nytimes.com/2010/11/23/visualizing-booming-profits/
----------
Unemployment rates in each state
compared to previous month and a year ago
http://abcnews.go.com/Business/wireStory?id=12225942
-------------
Thanks for nothing, Corporate America
http://money.cnn.com/2010/11/24/news/economy/thebuzz/index.htm
==========

LPS: Mortgages entering foreclosure fell 4.4% in October + Foreclosure inventories rise in October while yearly delinquency rate drops

[mEDITate-OR:
not see the different interpretation given to the same report/numbers.
and
not see that the foreclosure problem is NOT merely robo-signing.
----------
According to LPS, 9.29 percent of mortgages are delinquent, and another 3.92 are in the foreclosure process for a total of 13.20 percent. It breaks down as:
• The average number of days delinquent for loans in foreclosure is a record 492 days
• Over 4.3 million loans are 90 days or more delinquent or in foreclosure
• Foreclosure sales plummeted by 35% in October (as a result of the widespread moratoria)
• Nearly 20% of loans that have been delinquent more than two years are still not in foreclosure
• 2.72 million loans less than 90 days delinquent.
• 2.24 million loans 90+ days delinquent.
• 2.09 million loans in foreclosure process.
For a total of 7.04 million loans delinquent or in foreclosure.
---------

---------

=========
LPS: Mortgages entering foreclosure fell 4.4% in October
http://www.housingwire.com/2010/11/24/lps-mortgages-entering-foreclosure-fell-4-4-in-october
--------------
LPS: Over 4.3 million loans 90+ days or in foreclosure
http://www.calculatedriskblog.com/2010/11/lps-over-43-million-loans-90-days-or-in_23.html
=========

CR: New Home Sales decline in October

[mEDITate-OR:
see what CR has to teach U.S. again this month.

This 1st unique CR chart is simply stunning, and shows you low we are.
While the nest 3 charts may appear in other news report,
CR's version shows U.S., clearly, not only where we are, but what would BE normal, if it was back to normal.
What is puzzling is that CR does not show U.S. as much "new inventory" as other articles.
We need to watch that. Did builder cut back, or are they surprised by the size of the drop off in sales?
----------

-------------

----------

----------

============
New Home Sales decline in October
http://www.calculatedriskblog.com/2010/11/new-home-sales-decline-in-october.html
==========

U.S. Jobless Claims Decline to 407,000, Lowest Since July 2008

[mEDITate-OR:
see only what you want to see...

First, please note, the claim week was short - Veterans Day.
Second, weekly claims are alway very volitile.
Third, the 4 week average is NOT down near 400k

Better luck, next time, next week.
---------------
1st & 2n charts are the 4 week moving average.
3rd & 4th are a look at The States = length of extended benefits & size of UI claims
5th VS 6th - the bright side VS the dark side
------------
The third article is a VERY good, non public news source, summary.
A must read.
-------

-------------

-----------

-------

-----------

-----------

============

U.S. Jobless Claims Decline to 407,000, Lowest Since July 2008
http://www.bloomberg.com/news/2010-11-24/u-s-jobless-claims-decline-to-407-000-lowest-since-july-2008.html
-------------
Initial unemployment claims: Lowest since July 2008
http://money.cnn.com/2010/11/24/news/economy/initial_claims/index.htm?eref=mrss_igoogle_business
----------
Analyst Blog: Initial Jobless Claims Plunge
http://www.zacks.com/stock/news/43777/Initial+Jobless+Claims+Plunge
=============

New home sales: Down 80% from the boom + Down 8.1% in October = 8.6-month glut of new homes on market

[mEDITate-OR:
think that with jobless claims down...
everything is, now, fine with the world.

While everybody did think New home sales would drop...
as the 1st chart shows U.S. so did the sales prices.

What we did NOT expect was that "new home inventory" would climb.
Why did they not slow down construction?
---------
The last chart, from the LATimes shows U.S. "location".
Obviously, The West is still in deep do-do, or is that don't-don't.
One month is down 4 TIMES the national average.
And, one year is down twice.
-----------

------------

------------

-----------

---------

=========
Nation has 8.6-month glut of new homes on market
http://www.housingwire.com/2010/11/24/nation-has-8-6-month-glut-of-new-homes-on-market-census-bureau-says
-----------------
New Home Sales Down 8.1% in October
http://www.theatlantic.com/business/archive/2010/11/new-home-sales-down-81-in-october/67022/
--------------
Foreclosure Fiasco: New home sales: Down 80% from the boom
http://money.cnn.com/2010/11/24/real_estate/new_home_sales/index.htm
=========