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Philly Fed growth indicator coming back. “This isn’t the end of the story, obviously, and no, it’s not quite even to 0 yet, but that dip early in the year is vanishing. The bleeding has been stopped.” Services sector grows fastest since ’06. The ISM index for March is 55.4, above estimates. A reading above [...] Via Beans Rice and Gold Calculated Risk has more U.S. gains jobs. No, wait, it’s losing… Yah de blah de de blah woof woof. ADP counts real jobs. Labor Dept counts temporary census jobs (what happens when the census is over?) and adjusts for the imaginary birth-death model. Perkipantied economists & crystal ball types say real job growth (hundreds of thousands of jobs!) [...] Flickr photo by wirralwater Containers are stacking up in Asian ports because there isn’t enough shipping capacity to send them to US and Europe. Shipping companies had idled ships due to the recession. Now they’re scrambling to catch up. As is obvious, we aren’t overly perky here about the economic situation. However, this ramp-up [...] House price declines tied to job loss, says MetroTrends For most of the metro areas in the “double trouble” group, the sharp downturn followed rapid gains in house prices and employment opportunities earlier in the decade. In fact, the bigger the boom, the harder the fall. The double-whammy states of California, Florida, and [...] The findings underscore why Americans say the most important problem facing the nation today is jobs and unemployment. D.C., are you listening? There are a few hopeful signs. Oceanic shipping is strongly up. Recent reports show that IT is definitely coming back, something I’m seeing too. I’m self-employed and do database programming, website development, [...] Doug Henwood on Bernanke Why is this guy getting reappointed? He let the bubble inflate, dismissed worries about the dangers of subprime mortgages and derivatives, said in mid-2008 that the recession was unlikely to get too serious (just as it was about to get very serious)—and then, when everything fell apart, set about [...] The New York Times shows what side of the class war they are on by explaining that US workers really are just so overpaid, something Fenian Rising finds obnoxious. So do I. Washington’s Blog has been running a provocative series of posts about the possibility the US might start a war to get out of the recession. He thinks the argument is bogus, that war in fact creates recessions rather than ending them, but that hasn’t stopped such wars from occuring in the past. In other [...] |  | ||||
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