via NYT
Source:
Job Losses Show Breadth of Recession
DAVID LEONHARDT
NYT, March 3, 2009
http://www.nytimes.com/2009/03/04/business/04leonhardt.html
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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March 5th, 2009 at 8:48 am
So what you’re telling me is, I should move to Kansas or Wyoming or somewhere out in the plains and become a farmer? Looks like job security to me!
Interesting map, it gives a good idea of which areas of the country are being hit the hardest. I didn’t realize Oregon and Idaho were so bad off.
March 5th, 2009 at 9:29 am
I have to laugh and wonder why I ever left home. I was born in a small town right in the middle of that gray slash up through Wyoming. As I think back, it was a town that has always been the same, never really affected much by the outside world. A great place to grow up and raise your kids, with hardly any impact of the nasty things that exist in the world today. It has not been all that many years since they got a McDonalds. Farming, ranching and less than an hour to the beautiful Big Horn Mountains. Good hunting, fishing and other outdoor sports. Winters can be bad, but summers are great. Boomtown in the ’50′s with a big oil field around it. It just keeps chugging along in a little micro-world of its own.
March 5th, 2009 at 9:37 am
I didn’t know that California was approaching 10%! I wonder why the fair minded main stream media doesn’t report on this. (Actually, I don’t wonder at all).
March 5th, 2009 at 10:21 am
The grey areas have the general operating principle, “Ya don’t work, ya don’t eat.” It’s survivor bias that manifests as low unemployment.
Compare and contrast with California where the number of people receiving some kind of welfare assistance is greater than the population of Wyoming.
March 5th, 2009 at 8:10 pm
Why is West Virginia doing so well? Constantly above average employment, in what I thought was a manufacturing area
March 6th, 2009 at 1:10 am
kburke,
coal, coal-bed methane..for starters