OUR ECOMONY IS LOOKING GOOD

April 1, 2014 on 4:46 pm | In Bravo, Fascinating Information, Government, Market Snapshot, Trends, Uncategorized | 4 Comments

edited by Jodi Summers

Optimism is the result of January’s coincident indexes for the 50 states. The coincident index, compiled by the Federal Reserve Bank of Philadelphia, combines four state-level indicators to summarize current economic conditions in a single statistic.

The four state-level variables in each coincident index are:

  1. nonfarm payroll employment,
  2. average hours worked in manufacturing,
  3. the unemployment rate,
  4. and wage and salary disbursements deflated by the consumer price index (U.S. city average).

The trend for each state’s index is set to the trend of its gross domestic product (GDP), so long-term growth in the state’s index matches long-term growth in its GDP.

In January, 49 states had increasing activity(including minor increases). This measure has been and up down over the last few years …

This map was all red during the worst of the recession. Fortunately, it is all green again.

**

http://www.calculatedriskblog.com/2014/03/philly-fed-state-coincident-indexes.html#863cuOCPU41o2Hd6.99

http://www.socalindustrialrealestateblog.com/?p=2127

http://www.socalofficerealestateblog.com/?p=2526

4 Comments »

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  1. As the United States recovers jobs lost during the recession, young Americans are still experiencing a much longer decline in their employment prospects. Between 2000 and 2012, job opportunities for young adults have become increasingly scarce. According to a study by the Brookings Institute, the employment level among Americans 20 to 24 years old dropped by 5.5 percentage points between 2000 and 2012, while the employment level for adults over the age of 25 dropped by only 1.3 percentage points over that time.

    The national employment rate was 61% in 2012. Out of the 100 metro areas Brookings reviewed, McAllen, Texas, had the lowest employment rate for young adults in 2012 at just 50.6%. Based on the Brookings Institution’s report, these are the metro areas with the lowest employment rate among young adults.

    Comment by Brookings Institute — April 8, 2014 #

  2. Since 2004, the amount of money owed by graduates entering the workforce has more than tripled, to a whopping $1.1 trillion. And since purchasing a first home hinges largely on the buyer’s total debt, owing large amounts of money for student loans can be a major obstacle to homeownership.

    The reality is daunting for 20- and 30-somethings, and the housing market is feeling the ripple effect. “You have to have that swath of first-time buyers who will eventually be your move-up buyers,” said Dustin Hobbs, spokesman for the California Mortgage Bankers Assn. “When you take that out, it damages the whole chain.”

    Comment by Copyright © 2014, Los Angeles Times — April 25, 2014 #

  3. It’s not exactly shocking that the top one percent are much whiter than America as a whole, but it is worth noting. The overwhelming maleness of the top 1 percent is also interesting in a world where some people are proclaiming that the economy is working great for women. But the same survey also shows that 70 percent of the “next 90 percent” are male. This appears to be an artifact of Survey of Consumer Finances methodology, which appears to code mixed-gender married couples as male.

    Comment by Vox — May 1, 2014 #

  4. The number of people receiving unemployment insurance fell again for the week ending May 3 from the previous week’s numbers, down 9,000 to a seasonally adjusted figure of 2.68 million. That’s the lowest unemployment has been since December 1, 2007, when it was 2.64 million.

    The 4-week moving average was 2,694,500, a decrease of 18,500 from the previous week’s revised average. This is the lowest level for this average since December 15, 2007 when it was 2,670,500.

    The seasonally adjusted insured unemployment rate was 2% for the week ending May 3, unchanged from the previous week’s rate, according to the Bureau of Labor Statistics.

    Comment by Housing Wire — May 16, 2014 #

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