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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...
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No Economic Recovery In California
The purpose of an economy is not to serve statistical analysis, but rather, to serve people. Thus, we have to continually ask ourselves: what’s actually happening to Americans now that we’re three...
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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...
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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...
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Noise, Not a Recovery
The State of California reported a loss of 29,000 non-farm payrolls in May. Actually, California added 88,000 jobs in May when using the total employment data for the month. However, as I have pointed...
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Total Employment in the US Falls Again
Total employment in the United States fell in July by 38,000 people, from 139.334 to 139.296 million. This was a much smaller loss than the previous month. However, once again the average number of...
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Ceiling at 16: California’s Lack of Recovery
Total employment in California fell in June from 15.974 million to 15.910 million. The bigger story however is that, in addition to making a lower low in 2010, California employment never regained the...
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The End of Growth in the United States
With one month to go in the data series, US Total Non-Farm Payrolls have averaged 131.08 million in 2011. The problem is that the US is a Very Large System, and needs growth to support its array of...
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Food Stamp Use Picks Up Again, In Los Angeles County
After a winter lull, food stamp participation in Los Angeles County picked up again in March, to rise to a new all time high of 1,036,078 persons. Other economic data points to weakness in the nation’s...
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California’s Employment Picture
Total employment in California pulled back in June from a recovery high of 16.5 million, set in May. This data series has been volatile, with annual revisions each year that have shifted the trough in...
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