From Calculated Risk: This graph shows weekly claims and continued claims since 1971. Continued claims increased to 6.82 million. This is 5.1% of covered employment. … Unemployment Claims: Record 6.8 Million Continued Claims Technorati Tags: financial collapse
From Calculated Risk: This graph shows the unemployment rate by four level of education. … Note that the unemployment rate has risen sharply for all categories in 2009. For “less than a high school diploma” the rate has increased from 9% in 2009 to almost 16% in May. Education matters! Unemployment Rate and Level of […]
From Calculated Risk: From MarketWatch: U.S. consumer debt falls by $15.7 billion Consumer credit fell by $15.7 billion, or 7.4% at an annual rate, to $2.52 trillion. It was the second largest decline in outstanding debt on record, exceeded by March’s $16.6 billion drop. This graph shows the year-over-year change in consumer credit. Consumer credit […]
From Calculated Risk: Mark Lomanno, President of Smith Travel Research gave a presentation on hotel performance in New York. Stacey Higgins at HotelNewsNow has some details: NYU: By the numbers When contrasting this downturn with others, one of the most important differences is that as demand has declined at historically low rates, supply is still […]
From Calculated Risk: The graph is of the monthly Philly Fed data of the number of states with one month increasing activity. Most of the U.S. has been in recession since December 2007 based on this indicator. Almost all states showed declining activity in April. Still a widespread recession. … Philly Fed State Coincident Indexes […]
From Calculated Risk: The graph shows the year-over-year change in both indices. The Composite 10 is off 18.6% over the last year. The Composite 20 is off 18.7% over the last year. This is near the worst year-over-year price declines for the Composite indices since the housing bubble burst started. … Case-Shiller: Prices Fall Sharply […]
U.S. Department of the Interior will grant $15 million to 55 projects to “thin overgrown forests” [logging] and remove potential fuels for wildfires on public lands” [so the wood can be burned elsewhere]. The “hazardous fuels reduction” projects selected will create jobs in 12 states. The DOI press release on this program reports that “wood […]
By GILLIAN FLACCUS, Associated Press Writer SAN DIEGO – Six months ago, Jim Wiseman didn’t even have a spare nutrition bar in his kitchen cabinet. Now, the 54-year-old businessman and father of five has a backup generator, a water filter, a grain mill and a 4-foot-tall pile of emergency food tucked in his home in […]
From Calculated Risk: This graph shows broker’s commissions as a percent of GDP. Not surprisingly – giving the housing bubble – broker’s commissions soared in recent years, rising from $56 billion in 2000, to $109 billion in 2005. Commissions have declined to an annual rate of $57 billion in Q1 2009 – the lowest since […]
By PETER S. GOODMAN and JACK HEALY As job losses rise, growing numbers of American homeowners with once solid credit are falling behind on their mortgages, amplifying a wave of foreclosures. In the latest phase of the nation’s real estate disaster, the locus of trouble has shifted from subprime loans — those extended to home […]
