Posts filed under “Data Analysis”
Post Credit Crisis Job Creation
Source: Oregon Office of Economic Analysis
Last week’s jobs report has returned the U.S. economy back to its peak pre-recession levels of employment. (there is a debate about the quality of jobs being created, but we shall save that conversation for another time).
As the Oregon Office of Economic Analysis reminds us, all financial crises are different, including the Great Recession.
I was as surprised as I suspect you will be to see the US recovery since 2009 has looked much better than many other financial crises. This was a faster recovery than Sweden (1991), Finland (1991), Norway (1987), Spain (1977) and United States (1929). Observers continue to wait out Japan (1992), which still has yet to regain its peak pre crisis employment levels.
Click for an interactive version. Healthdata via Slate. Last month, we looked at the concept of risk. It is quite revealing, as we learned what we fear is big and scary and exciting, when instead we should fear the more mundane things in life, like cholesterol and heart disease. Similarly, investors often fear big…Read More
Source: Bespoke Investment Group I love these two charts – they are so instructive in so many ways. They really invite closer study as to why some cities have recovered so strongly, and why others have failed to. The first 4 cities in the % from Bubble peaks are Las Vegas, Phoenix, Miami,…Read More
From Betsey Stevenson & Justin Wolfers, a short primer on separating lies from statistics: 1. Focus on how robust a finding is, meaning that different ways of looking at the evidence point to the same conclusion. Do the same patterns repeat in many data sets, in different countries, industries or eras? 2. Results that…Read More
Source: BLS This is a fascinating chart from the Bureau Labor Statistics looking at the state-by-state unemployment rates. We know the national jobless rate is down to 6.3 percent and this chart lets us see how that is distributed nationally. At the BLS site, and you can click through the chart and see unemployment…Read More
Source: RealtyTrac via Rampage Yesterday, we directed our ire at bad automobile data. Today, its housing’s turn. I was running through my early morning sites one day last week in preparation for preparing my daily reads posting, when I saw this headline at the Washington Post: “8 in 10 Manhattan home sales are all-cash.”…Read More
This week, an e-mail landed in my inbox with the header “Unsold Cars.” Above is just a few of the thousands upon thousands of unsold cars at Sheerness, United Kingdom. Please do see this on Google Maps….type in Sheerness, United Kingdom. Look to the west coast, below River Thames next to River Medway. Left of…Read More
Source: Know More From Know More: In the graph above, the area of each rectangle corresponds to the size of each country’s economy. The width of the rectangle represents the population, while the height represents the average income in that country. Which rectangle is larger, China’s or that of the United States? According to the…Read More