According to the U.S. Department of Labor’s Bureau of Labor Statistics, there are more than 31 million people currently unemployed – that’s including those involuntarily working part-time and those who want a job, but have given up on trying to find one. In the face of the worst economic upheaval since the Great Depression, millions […]
By Amy GoldsteinWashington Post Staff WriterMonday, November 16, 2009; 3:14 PM The number of Americans who lack dependable access to adequate food shot up last year to 49 million, the largest number since the government has been keeping track, according to a federal report released Monday that shows particularly steep increases in food scarcity among […]
By RUFFIN PREVOST Gazette Wyoming Bureau | Posted: Thursday, November 12, 2009 5:20 pm CODY — Dozens of popular camping spots on public land around Yellowstone National Park could be closed next summer as the U.S. Forest Service focuses regional spending priorities on the effects of widespread bark beetle infestations in Colorado and southern Wyoming. […]
The nation is taking on record levels of debt to keep its economy humming. Some say that can’t last. By Bill Powell, contributorLast Updated: November 11, 2009: 12:21 PM ET (Fortune Magazine) — In a world still awash in economic worry, China has stood apart as the one country that has come through the global […]
By Mike Parker PEMBROKE, Ill. (CBS) ― Imagine a community so deep in the hole, the government has fired the police force and closed two of three elementary schools. It’s happened in Pembroke, a little town of some 3,000 in eastern Kankakee County near the Indiana border. It’s a town where these days, many folks […]
The chart reflects a number of trends. For one thing, more troubled properties are selling at auctions, known as trustee’s sales, and thus are not going back to the bank as REO. … Banks hold few foreclosures via Calculated Risk Technorati Tags: financial collapse
From Calculated Risk: The [un]employment report headline numbers were ugly, but the internals are even less encouraging… This graph shows the employment-population ratio; this is the ratio of employed Americans to the adult population. Note: the graph doesn’t start at zero to better show the change. The general upward trend from the early ’60s was […]
From Calculated Risk: Here is a graph of office, mall and lodging investment through Q3 2009 based on the underlying detail data released by the BEA … This graph shows investment in offices, lodging and malls as a percent of GDP. The recent boom in lodging investment has been stunning. Lodging investment peaked at 0.32% […]
From Calculated Risk: Here is the monthly Fannie Mae hockey stick graph. Fannie Mae reported today that the rate of serious delinquencies – at least 90 days behind – for conventional loans in its single-family guarantee business increased to 4.45% in August, up from 4.17% in July – and up from 1.57% in August 2008. […]
From Calculated Risk: The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 0.3 percent in September, after increasing 2.1 percent in both July and August. The latest decline lowered the SA index to 103.9 (2000=100). … Compared with September 2008, SA tonnage fell 7.3 percent, which was the best year-over-year showing […]
