America's Economic Future – A Discussion By Ted Kavadas
Here are two charts from the Minneapolis Fed site: http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/index.cfm They show, from a historical context, how declines in employment and output during this period of economic weakness (which FRB Minneapolis refers to as a recession) compare to those of previous recessions. First, the employment chart. Here are two notes regarding this chart: 1. Employment …
I found plenty of noteworthy comments in last night’s State of the Union Address. Here is the link to the transcript: http://www.whitehouse.gov/the-press-office/remarks-president-state-union-address Here are a couple of my thoughts: First, many stimulus initiatives were mentioned. Some of these were new ideas. That stimulus ideas are proliferating should not be a surprise, as many in …
Occasionally, I have posted charts concerning unemployment. With Friday’s unemployment release, here are three charts that I find noteworthy: First, from the St. Louis Fed site, the Median Duration of Unemployment. Second, from the CalculatedRisk blog of 1/8/10, Unemployed Over 26 Weeks: http://www.calculatedriskblog.com/ Third, again from the CalculatedRisk blog of 1/8/10 – I like this chart …
Below is an article from The Detroit News of December 16 titled “Nearly half of Detroit’s workers are unemployed”. Among other things, Detroit’s economic situation seems to refute the theory, with which I vehemently disagree, that we as a nation do not “need” manufacturing in order to be successful. http://detnews.com/article/20091216/METRO01/912160374 back to <home> SPX at 1117.83 …
Ben Bernanke gave a speech on Monday at the Economic Club of New York. Here is the link: http://www.federalreserve.gov/newsevents/speech/bernanke20091116a.htm I found his comments on unemployment to be noteworthy: Here are some excerpts: “In addition to constrained bank lending, a second area of great concern is the job market. Since December 2007, the U.S. economy has …
The following chart is from the CalculatedRISK blog of November 8 http://www.calculatedriskblog.com/2009/11/summary-and-look-ahead.html I like this chart as it presents a relative depiction of Post WWII recession job losses. As one can see, our current period of economic weakness’s job losses are outsized both in duration and severity: Here is a long-term view of the official stated Unemployment Rate. …
On October 6 I wrote about my thoughts regarding Unemployment Statistics. That link can be found here: https://www.economicgreenfield.com/2009/10/06/a-note-about-unemployment-statistics/ I recently ran across the following from John Mauldin, found in his October 23 “Thoughts From The Frontline” newsletter: “With 9.8% unemployment, 7% underemployed (temporary), and another 3-4% off the radar screen because they are so discouraged they …
From time to time, I will write posts that contain the Unemployment Rate or various other job loss measures. I show these statistics as they are widely used and quoted by others. From my perspective, however, the methodology used to measure the various job loss and unemployment statistics does not provide an accurate depiction. There are a variety …
I would like to present an interesting chart on job losses. My last chart concerning job losses was posted on September 10. The commentary I presented there is still highly applicable to the latest unemployment numbers. This chart is from http://www.calculatedriskblog.com/ from October 2. I like this chart as it presents a depiction of the relative severity …
Here is an updated chart from chartoftheday.com that I have shown and discussed previously, in my July 7 post: http://www.chartoftheday.com/20090904.htm?T There are other charts similar to this, from other sources…however, I find this chart particularly interesting as it incorporates the long-term averages of two other periods. As I wrote in my July 7 post: “As …