When we began in the summer and fall of ought 8
to follow the impending RE collapse
we said that this country was in deep trouble.
---------
What we did not know was that it would get a whole lot worse.
What we now know is that it is going to get a whole lot worse.
-------
How much trouble we really are in is not all that clear.
What is clear, however, is that no one in The Other Washington
is even politely interested in doing anything other than blame everyone else.
No solutions, not even any effort to find one.
MOG.
Saturday, June 4, 2011
Scary Unemployment - Some of the most frightening unemployment data! = Employment Situation May = Total Unemployment May - U3 vs U6 + Full Time Workers Fully Under Pressure = Recovery-less Recovery: Unemployment Duration
[mEDITate-OR:
assume that what appears in later posts is all there is to know...
Awe, contrariness, itself.
--------
Sold on Top provides U.S. with a very different look
much more complex chart details, but quite easy to see & understand.
Later you will see CR's chart showing U.S. the huge pit we find ourselves now in.
The 1st chart is a different look at our predicament.
------
The 2nd chart is a very different but informative look at the basid U3 info
the next two chart show U.S. two different ways to see the depth
-----
The last SoTop chart compares the U-3 with the U-6 unemployment rates.
What that shows U.S. is how MUCH worse U-6 really is.
What it does not show U.S is what is being left out.
For that, you need to see Daniel's charts below
----------
Please note the first story is the intro to all of Sold on Top's charts.
IF you go there, be prepared to be scared.
You may, permissive, stay scared..., until Halloween.
========
--------
----------
----------
----------
----------
========
Scary Unemployment
- Some of the most frightening unemployment data!
http://www.blytic.com/DashboardView.aspx?dashboardid=970B0FF3F6F544D98FBC2F2E9088FC1E
-----------
Envisioning Employment: Employment Situation May 2011
http://paper-money.blogspot.
------------
Full Time Workers Fully Under Pressure: May 2011
http://paper-money.blogspot.
----------
Recovery-less Recovery: Unemployment Duration May 2011
http://paper-money.blogspot.com/2011/06/recovery-less-recovery-unemployment.html
--------
On The Margin: Total Unemployment May 2011
http://paper-money.blogspot.
=========
assume that what appears in later posts is all there is to know...
Awe, contrariness, itself.
--------
Sold on Top provides U.S. with a very different look
much more complex chart details, but quite easy to see & understand.
Later you will see CR's chart showing U.S. the huge pit we find ourselves now in.
The 1st chart is a different look at our predicament.
------
The 2nd chart is a very different but informative look at the basid U3 info
the next two chart show U.S. two different ways to see the depth
-----
The last SoTop chart compares the U-3 with the U-6 unemployment rates.
What that shows U.S. is how MUCH worse U-6 really is.
What it does not show U.S is what is being left out.
For that, you need to see Daniel's charts below
----------
Please note the first story is the intro to all of Sold on Top's charts.
IF you go there, be prepared to be scared.
You may, permissive, stay scared..., until Halloween.
========
--------
----------
----------
----------
----------
========
Scary Unemployment
- Some of the most frightening unemployment data!
http://www.blytic.com/DashboardView.aspx?dashboardid=970B0FF3F6F544D98FBC2F2E9088FC1E
-----------
Envisioning Employment: Employment Situation May 2011
http://paper-money.blogspot.
------------
Full Time Workers Fully Under Pressure: May 2011
http://paper-money.blogspot.
----------
Recovery-less Recovery: Unemployment Duration May 2011
http://paper-money.blogspot.com/2011/06/recovery-less-recovery-unemployment.html
--------
On The Margin: Total Unemployment May 2011
http://paper-money.blogspot.
=========
The U.S. economy added just 54,000 workers, the fewest since September. Is the news as bad as it looks? + Americans Exiting and Entering the Workforce
[mEDITate-OR:
assume that what they are telling U.S. we see, actually IS what we should see
----------
The charts 1 and 2 and the table re-state what most news reports are telling U.S.
-------------
What you might find disturbing in the table is the decline in "retail" jobs.
This is NOT the after Christmas normal decline.
What it is, and where it is, is not explained.
--------
The 3rd and 4th charts show U.S. what in NOT shown to U.S. in the BLS main unemployment numbers - those of U.S. underemployed or who are still being counted.
------
What Daniel@Altlantic shows U.S. in the last two charts are
those who are no longer being counted.
What you may, as in economically should, find interesting
is when and how many left the work force.
---------
At the very far right of the 2nd to the last chart you will see that in the 1st Q of this year a large number of U.S. re-entered the labor force THINKING that jobs were, finally coming back.
What little did they know?
That was then, this is now - May.
--------
The last chart shows U.S. that as W left office
over 7 and half million of U.S. abandoned the work force.
Those people are NOT now being counted as unemployed.
Try telling them than.
----------
----------
-----------
---------
-----------
----------
=======
----------
===========
Hiring Slowed in May as the Jobless Rate Ticked Up to 9.1%
The U.S. economy added just 54,000 workers, the fewest since September.
Is the news as bad as it looks?
http://www.theatlantic.com/
------------
Chart of the Day: Americans Exiting and Entering the Workforce
http://www.theatlantic.com/
===========
assume that what they are telling U.S. we see, actually IS what we should see
----------
The charts 1 and 2 and the table re-state what most news reports are telling U.S.
-------------
What you might find disturbing in the table is the decline in "retail" jobs.
This is NOT the after Christmas normal decline.
What it is, and where it is, is not explained.
--------
The 3rd and 4th charts show U.S. what in NOT shown to U.S. in the BLS main unemployment numbers - those of U.S. underemployed or who are still being counted.
------
What Daniel@Altlantic shows U.S. in the last two charts are
those who are no longer being counted.
What you may, as in economically should, find interesting
is when and how many left the work force.
---------
At the very far right of the 2nd to the last chart you will see that in the 1st Q of this year a large number of U.S. re-entered the labor force THINKING that jobs were, finally coming back.
What little did they know?
That was then, this is now - May.
--------
The last chart shows U.S. that as W left office
over 7 and half million of U.S. abandoned the work force.
Those people are NOT now being counted as unemployed.
Try telling them than.
----------
----------
-----------
---------
-----------
----------
=======
----------
===========
Hiring Slowed in May as the Jobless Rate Ticked Up to 9.1%
The U.S. economy added just 54,000 workers, the fewest since September.
Is the news as bad as it looks?
http://www.theatlantic.com/
------------
Chart of the Day: Americans Exiting and Entering the Workforce
http://www.theatlantic.com/
===========
CR: May Employment Report: 54,000 Jobs, 9.1% Unemployment Rate + Part Time Workers, and Unemployed over 26 Weeks + Unemployment by Duration and Education
[mEDITate-OR:
wonder why Bill@CR's server crashed this morning.
When those in the know went there first thing this morning to see what Bill@CR would explain to U.S.
-------
They say: "Success breeds success!"
We say: "Success breeds more computer crashes than Windows."
We may both be right.
-------
Disirregardless..., CR's charts today are absolutely the best of the best.
Go there, click on the HUGE charts and see for yourselves.
---------
The 1st chart is different this month, bcuz it combines the unemployment rate with both the participation rate and the employment-population ration.
What Bill@CR has been telling U.S. for months and years now is there has been a HUGE decline in the number of U.S. working.
That translates into HUGE declines in Federal tax revenues, state & local tax revenues AND in SS, Medicare & Medicaid tax revenues AND ALSO in unemployment funds revenues.
------
The 2nd and 3 rd charts are the best of breed.
They show U.S. two ways to see how low, how long and how bad this one really is.
-------
The 4th and 5th charts show U.S. not only are we UNDER employed, being part time workers; but those who are unemployed have been for MUCH longer than normal.
That means two things: first, that as bad as the posted BLS numbers are, they are only the tip of the iceberg; and second, that "THIS one really is different !!!"
-------------
The last two charts show U.S. that all Americans are NOT equal.
The less educated you are, the more unemployed you are.
Which is why many of U.S. took out student loans and went back to school.
AND
the longer you have been out of work the more desperate your predicament.
Now we have:
the very rich
the very poorly paid
and
those with no hope at all.
------
-----------
------------
-----------
-----------
-----------
--------
==========
May Employment Report: 54,000 Jobs, 9.1% Unemployment Rate
http://www.calculatedriskblog.com/2011/06/may-employment-report-54000-jobs-91.html
----------
Employment Summary: Part Time Workers, and Unemployed over 26 Weeks
http://www.calculatedriskblog.com/2011/06/employment-summary-part-time-workers.html
----------
Birth/Death Model and Unemployment by Duration and Education
http://www.calculatedriskblog.com/2011/06/birthdeath-model-and-unemployment-by.html
===========
wonder why Bill@CR's server crashed this morning.
When those in the know went there first thing this morning to see what Bill@CR would explain to U.S.
-------
They say: "Success breeds success!"
We say: "Success breeds more computer crashes than Windows."
We may both be right.
-------
Disirregardless..., CR's charts today are absolutely the best of the best.
Go there, click on the HUGE charts and see for yourselves.
---------
The 1st chart is different this month, bcuz it combines the unemployment rate with both the participation rate and the employment-population ration.
What Bill@CR has been telling U.S. for months and years now is there has been a HUGE decline in the number of U.S. working.
That translates into HUGE declines in Federal tax revenues, state & local tax revenues AND in SS, Medicare & Medicaid tax revenues AND ALSO in unemployment funds revenues.
------
The 2nd and 3 rd charts are the best of breed.
They show U.S. two ways to see how low, how long and how bad this one really is.
-------
The 4th and 5th charts show U.S. not only are we UNDER employed, being part time workers; but those who are unemployed have been for MUCH longer than normal.
That means two things: first, that as bad as the posted BLS numbers are, they are only the tip of the iceberg; and second, that "THIS one really is different !!!"
-------------
The last two charts show U.S. that all Americans are NOT equal.
The less educated you are, the more unemployed you are.
Which is why many of U.S. took out student loans and went back to school.
AND
the longer you have been out of work the more desperate your predicament.
Now we have:
the very rich
the very poorly paid
and
those with no hope at all.
------
-----------
------------
-----------
-----------
-----------
--------
==========
May Employment Report: 54,000 Jobs, 9.1% Unemployment Rate
http://www.calculatedriskblog.com/2011/06/may-employment-report-54000-jobs-91.html
----------
Employment Summary: Part Time Workers, and Unemployed over 26 Weeks
http://www.calculatedriskblog.com/2011/06/employment-summary-part-time-workers.html
----------
Birth/Death Model and Unemployment by Duration and Education
http://www.calculatedriskblog.com/2011/06/birthdeath-model-and-unemployment-by.html
===========
The Scariest Jobs Chart Ever Looks HORRIBLE
[mEDITate-OR:
miss the selection of Bill@CR's stunningly disgusting chart
-----------
Clusterstock made it THEIR chart of the Day
--
For good reason.
What it shows U.S. in tragic detail is how low and how long we have been stuck in this mess.
IF you are holding your breath, waiting for any one in The Other Washington to DO anything, anything at all to fix this..., you are smoking what they are.
---------
And, if you think you might be starting to feel somewhat pessimistic...
the 2n chart will show you that you are not alone.
--------
----------
=========
The Scariest Jobs Chart Ever Looks HORRIBLE
http://www.businessinsider.com/chart-of-the-day-percent-jobs-losses-in-post-wwii-recessions-2011-6
======
miss the selection of Bill@CR's stunningly disgusting chart
-----------
Clusterstock made it THEIR chart of the Day
--
For good reason.
What it shows U.S. in tragic detail is how low and how long we have been stuck in this mess.
IF you are holding your breath, waiting for any one in The Other Washington to DO anything, anything at all to fix this..., you are smoking what they are.
---------
And, if you think you might be starting to feel somewhat pessimistic...
the 2n chart will show you that you are not alone.
--------
----------
=========
The Scariest Jobs Chart Ever Looks HORRIBLE
http://www.businessinsider.com/chart-of-the-day-percent-jobs-losses-in-post-wwii-recessions-2011-6
======
Chart of the Day: The Uneven Home Price Collapse + Home Prices: How Low Can They Go?
[mEDITate-OR:
assume that all home RE markets are equal
when some are clearly more equal than others
---------
Part of what interests me about charts is how differently they display the information that they try to convey to U.S.
These three charts appear to be very similar, but they are different.
In the 1st the use of bold colors is unusual, and quite easily to follow.
In the 2nd Daniel@Atlantic has selected certain cities to magnify the differences between them.
In the 3rd the use of pastel colors make it much more difficult to see and read.
-------------
What we can see in all three is that some bubble cities are very different than others.
Seattle and Portland were late getting into the game, but are catching up, fast.
Some, like Detroit, never went up, but sure as Hell went down.
---------
Some of what you do NOT see is the fact that much of the problems in California were not in Frisco or LA, but far enough outside them to not appear on these charts.
Another thing is that what is happening in Phoenix is very different from Vegas - all cash investors are scooping up any and all suburban subdivision foreclosures, but in Vegas not anywhere near the same numbers. What investors see is that Phoenix is much more likely to grow than will gambling based Vegas. While that, too, is a gamble - sorry - it probably is a very good one.
-------
http://www.theatlantic.com/
-------------
Home Prices: How Low Can They Go?
http://seekingalpha.com/
==========
assume that all home RE markets are equal
when some are clearly more equal than others
---------
Part of what interests me about charts is how differently they display the information that they try to convey to U.S.
These three charts appear to be very similar, but they are different.
In the 1st the use of bold colors is unusual, and quite easily to follow.
In the 2nd Daniel@Atlantic has selected certain cities to magnify the differences between them.
In the 3rd the use of pastel colors make it much more difficult to see and read.
-------------
What we can see in all three is that some bubble cities are very different than others.
Seattle and Portland were late getting into the game, but are catching up, fast.
Some, like Detroit, never went up, but sure as Hell went down.
---------
Some of what you do NOT see is the fact that much of the problems in California were not in Frisco or LA, but far enough outside them to not appear on these charts.
Another thing is that what is happening in Phoenix is very different from Vegas - all cash investors are scooping up any and all suburban subdivision foreclosures, but in Vegas not anywhere near the same numbers. What investors see is that Phoenix is much more likely to grow than will gambling based Vegas. While that, too, is a gamble - sorry - it probably is a very good one.
-------
--------------
-----------
========
Chart of the Day: The Uneven Home Price Collapsehttp://www.theatlantic.com/
-------------
Home Prices: How Low Can They Go?
http://seekingalpha.com/
==========
At Bank of America, more incomplete mortgage docs raise more questions + New hound on the Goldman trail
[mEDITate-OR:
miss the Fortune analysis of the robo-signing mortgage scandal.
------
While there have been many very good prior reports
this one is both thorough and documented.
------------
This is a Must Read.
--------
And, if BoA's well earned problems are not enough for you
you will, not permissive, love Colin Barr's all is not Goldman article.
enjoy
------------
==========
At Bank of America, more incomplete mortgage docs raise more questions
http://finance.fortune.cnn.
-------------
New hound on the Goldman trail
Anyone who isn't investigating Goldman Sachs, please stand up.
http://finance.fortune.cnn.com/2011/06/02/new-hound-on-the-goldman-trail/
============
miss the Fortune analysis of the robo-signing mortgage scandal.
------
While there have been many very good prior reports
this one is both thorough and documented.
------------
This is a Must Read.
--------
And, if BoA's well earned problems are not enough for you
you will, not permissive, love Colin Barr's all is not Goldman article.
enjoy
------------
==========
At Bank of America, more incomplete mortgage docs raise more questions
http://finance.fortune.cnn.
-------------
New hound on the Goldman trail
Anyone who isn't investigating Goldman Sachs, please stand up.
http://finance.fortune.cnn.com/2011/06/02/new-hound-on-the-goldman-trail/
============
BLS - TED Jun 3 = Duration of unemployment, 1994–2010 + Employed foreign-born and native-born persons by occupation, 2010
[mEDITate-OR:
miss the 2n weekly report that should not be missed.
--------------
While this 1st chart is not unique it is interesting.
Note the extreme shift in length of being unemployed
--------
For Arid-zone-ians the 2nd chart is very interesting
bcuz it confirms what we know
immigrants took all the construction and meat preparation jobs
throwing out high paying union employees, & hiring cheap substitutes
but we white men has hung on to the "managerial positions"
and kept the money to ourselves.
:)
----------
---------
==========
BLS - TED Jun 3 = Duration of unemployment, 1994–2010
http://www.bls.gov/opub/ted/2011/ted_20110602.htm
-------------
Employed foreign-born and native-born persons by occupation, 2010
http://www.bls.gov/opub/ted/2011/ted_20110601.htm
=============
miss the 2n weekly report that should not be missed.
--------------
While this 1st chart is not unique it is interesting.
Note the extreme shift in length of being unemployed
--------
For Arid-zone-ians the 2nd chart is very interesting
bcuz it confirms what we know
immigrants took all the construction and meat preparation jobs
throwing out high paying union employees, & hiring cheap substitutes
but we white men has hung on to the "managerial positions"
and kept the money to ourselves.
:)
----------
---------
==========
BLS - TED Jun 3 = Duration of unemployment, 1994–2010
http://www.bls.gov/opub/ted/2011/ted_20110602.htm
-------------
Employed foreign-born and native-born persons by occupation, 2010
http://www.bls.gov/opub/ted/2011/ted_20110601.htm
=============
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.
-----------
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
------
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.
-----
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
----------
They may call it "disappointing"
we call it disgustingly terrible.
----------
-----------Worst jobs growth since September
------------Labor-force participation rate stuck
------------Manufacturing worries
-------------Auto impact on manufacturing numbers
----------Home prices and construction
--------
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
---------
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/
---------------
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
---------
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
--------
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
-----------
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
====
think all Hell has broken loose...
and then find out that it really has.
-----------
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
------
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.
-----
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
----------
They may call it "disappointing"
we call it disgustingly terrible.
----------
-----------Worst jobs growth since September
------------Labor-force participation rate stuck
------------Manufacturing worries
-------------Auto impact on manufacturing numbers
----------Home prices and construction
--------
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%.
======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
---------
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/
---------------
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
---------
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
--------
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
-----------
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
====
May jobs report: Hiring slows, unemployment rises
[mEDITate-OR:
think you have fallen..., and can't get up...
----------
-------------
think you have fallen..., and can't get up...
----------
-------------
-------------
--------------
==========
May jobs report: Hiring slows, unemployment rises
http://money.cnn.com/2011/06/
==========
Tuesday, May 31, 2011
Case-Shiller Home Price Indices for March = Home prices: 'Double-dip' confirmed + Hit Ten-Year Record Lows in Q-1
[mEDITate-OR:
believed them when they said it could not be done...
But, they did do it.
----------
---------
-----------
--------------
----------------
========
Home prices: 'Double-dip' confirmed + Hit Ten-Year Record Lows in Q-1
==========
believed them when they said it could not be done...
But, they did do it.
----------
----------
-------------
-----------
-----------
--------------
----------------
========
Home prices: 'Double-dip' confirmed + Hit Ten-Year Record Lows in Q-1
==========
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