Tag Archives: unemployment

Janet Yellen’s QE2 Promise Now Dying on the Vine, in California

California reported its April jobs data on Friday. The LA Times repeated the figure, laid out in the report from EDD, that on a year-over-year basis the state had created 144,000 jobs. What The LA Times did not clarify is that these were non-farm payrolls. For the fuller picture of the Golden State’s job market, […]

Spikes and Dips in Both US and California Jobs Data

Total US employment has been oscillating around the 139 million level for the past year until recently, when some job growth started to appear in December and January. According to Friday’s report from BLS.gov, the first month of 2011 saw total employment rise to 139.864 million persons. A figure that regains levels last seen in […]

When Recovery’s Just a Word

I was disappointed last week when two of my favorite publications, The Economist and the Financial Times (both British) capitulated to the new recovery myth in the US Labor Market. I generally depend on London, not New York, to give me a better read on the US economy. This has been true for over two […]

Running Backwards in the US Economy

Oil is at 90 dollars a barrel. The governments of Europe, Japan, and the United States are saturated with debt. House prices in the US are falling again, and there’s no job growth in America. Put it all together, and for some reason, many are still imagining that we’re in an economic recovery. Today’s horrid […]

Poverty Soars in California

In September the state of California hit a new high in food stamp benefits, crossing the 6 billion dollar mark on an annualized basis. Over the past year in California alone the total number recipients of the federal SNAP program (supplemental nutritional assistance program) rose by 16.3%. In many of the big counties of California […]

Energy Supply and the Individual States

The February issue of เกมยิงปลาสุดมันส์ www.dongythoxuanduong.com Monthly, Energy Supply and the Individual States, has now been published. The 22 page report is a more data-filled version of the thematic treatment I’ve given to this issue the past month, here at เกมยิงปลาสุดมันส์ www.dongythoxuanduong.com. While many news organizations and investment houses have started to address more concertedly the financial […]

Used Rainbows

There’s a picture floating around on the internet but I’m not going to show it to you. It depicts several rows of half-buried automobile tires, off in a distance behind a chain-link fence. A dusting of snow covers the ground. A trash-heap of sorts or perhaps a small hill just behind. The sky? A pale […]

Gasoline and Unemployment in Southern California

The recent release of State and Metro unemployment data from BLS comes at a time when oil prices have just made a new, 52 week high, and it seems appropriate to consider the these developments together. As I have noted previously on this blog, Southern California is a kind of super-region in terms of population […]

California Enters Inflationary Depression

I was surprised to see the following headline in today’s Wall Street Journal: Oil Price Rise Poses Little Threat, Yet, To Economic Recovery. The piece was stitched together with many quotes from economists, saying that oil’s advance to 80.00 was not yet a problem–though it could present a problem if we went any higher. I […]

Break Point

California has over 36 million residents.? But 60% of the state’s population, over 22 million people, live in the five big counties of the south: Los Angeles, Riverside, San Bernardino, Orange, and San Diego. Given that California (just like the US) has nearly as many vehicles on the road as people, this means that Southern […]