Archive for the ‘Economic Recovery’ Category

Folks are still discouraged about the economy … here’s why.

December 15, 2014

It has been a while since we looked into the employment numbers … long overdue.

I was awakened by a WSJ article that put a positive spin on the November jobs report – jobs continue to be added …. and, they’re full-time jobs:

“The economy has seen a net gain of more than 6 million full-time jobs since the official end date of the 2007-09 recession, which was in June 2009. The economy has witnessed a net increase of just 311,000 part-time jobs over the same period,”

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Hmmm.

Let’s dig a little deeper.

What the Journal says is true, but not complete … and picking to start the chart at the trough of the recession obscures some of the context.

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The state of the economy in 2 charts …

October 8, 2014

Earlier this week, we looked at one of the no-BS economic measures: household income.

Adjusted for inflation, median household income dropped 8% during the recession … and has been flat after bottoming out a couple of years ago.

That means that the median real household income is still down 8% from the pre-recession peak.

 

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The drop in median household income has come despite a steady increase in average hourly wages … they’re up about 10% since the official end of the recession.

See Let’s celebrate the economy … err, let’s wait. for details

Here’s another no-BS indicator sent along by a loyal reader …

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Chart: Just a bit behind plan

January 4, 2013

This chart can’t be shown too often

Remember when Obama’s crack team of economic advisers said “Give us a trillion dollars and we’ll keep unemployment under 8%”?

They also said that the unemployment rate would be about 5.2% right about now.

Well, we’re at 7.8% … a mere 50% miss.

Wish I’d been held to those accountability standards when I was working in corporate America.

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Source: AEI

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How do small businesses feel post-election?

December 4, 2012

Answer: Not very good.

Gallup’s Small Business Index has fallen 28 points since the votes were counted … and is now back in negative territory.

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And, the headline number only tells part of the story:

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