Friday, June 3, 2011

THE WEEK IN CHARTS June 3: A week of economic disappointment = Worst jobs growth since September + Labor-force participation rate stuck + Manufacturing worries + Auto impact on manufacturing numbers + Home prices and construction

[mEDITate-OR:
think all Hell has broken loose...
and then find out that it really has.
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First, this is The Week in Charts from MarketWatch
which they turn out every Friday
They provide first charts, and then an article about it
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Of course, the Unemployment numbers are The LEAD story.
Not only are jobs growth down, a lot.
but based on the last five month growth, many re-entered the market.
So, back they come, and there go the jobs.
Tragically sad.
The 3rd graph & article show U.S. that labor participation has NOT improved.
The 4th & 5th graph & article are about the bad ISM info this week.
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The last graph is about Case-Shiller.
Note the table below the graph - the worst hit cities.
Then note the ones in red - the West Coast.
Not only were we worse off than the rest of U.S.
but, now we are falling even farther back.
Tragically sad
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They may call it "disappointing"
we call it disgustingly terrible.
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-----------Worst jobs growth since September

------------Labor-force participation rate stuck

------------Manufacturing worries

-------------Auto impact on manufacturing numbers

----------Home prices and construction

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In ascending order, here’s how each of the 20 cities fared over the past year:
Minneapolis, down 10%
Phoenix, down 8.4%
Chicago, down 7.6%
Portland, Ore., down 7.6%
Seattle, down 7.5%
Tampa, Fla., down 6.9%
Charlotte, N.C., down 6.8%
Cleveland, down 6.3%
Miami, Fla., down 6.1%
Las Vegas, down 5.3%
Atlanta, down 5.2%
San Francisco, down 5.1%
San Diego, down 4.0%
Denver, down 3.8%
New York, down 3.4%
Boston, down 2.7%
Dallas, down 2.5%; %
Los Angeles, down 1.7%
Detroit, down 0.9%
and Washington D.C., up 4.3%.
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THE WEEK IN CHARTS June 3: A week of economic disappointment
http://www.marketwatch.com/story/in-charts-a-week-of-economic-disappointment-2011-06-03?link=mw_story_kiosk
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May jobs growth slows to 54,000, a nine-month low
Jobless rate up to 9.1%, worst since December
Worst jobs growth since September
http://www.marketwatch.com/story/may-jobs-growth-slows-to-54000-a-nine-month-low-2011-06-03?mod=mw_outbrain&Link=obnetwork
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Republicans rip Obama over jobs data
Economist Roubini sees U.S. economy ‘close to stall speed
Labor-force participation rate stuck
http://www.marketwatch.com/story/republicans-rip-obama-over-jobs-data-2011-06-03
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ISM manufacturing gauge tumbles in May
Third straight decline puts index at lowest level in one year
Manufacturing worries
http://www.marketwatch.com/story/ism-manufacturing-gauge-tumbles-in-may-2011-06-01
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Toyota, Honda monthly sales hit hard
Auto impact on manufacturing numbers
http://www.marketwatch.com/story/gm-posts-may-us-sales-decline-2011-06-01
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Housing in double-dip decline as prices fall again
S&P/Case-Shiller index shows U.S. values falling below 2009 trough
Home prices and construction
http://www.marketwatch.com/story/sp-data-signals-double-dip-in-housing-2011-05-31
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