Posts filed under “Digital Media”

Labor Force Participation Rate

While looking at the unemployment numbers is useful, an additional employment metric that is very interesting over time is the labor force participation rate, since the fudging of “actively looking for work” is not involved.  This series trended up because of the increase of women in the workforce through 2001, but is now back down to levels seen in the late 1980s!  We’re 3.6% below the level seen in the dotcom boom, which translates to about 8.5 million less people employed.  Moreover, the velocity of labor force participation decline in the last six months is particularly striking and does not look like it is approaching bottom.

Labor Force Participation Rate

chart by Mike McCarthy

The numbers on the chart are straight from BLS.  The 8.5 million number is a personal calculation though.  I pulled the civilian noninstitutional population of 235 million from Table C at BLS.   Multiplying 235 million by (64.6 – 61.0) = 8.5 million less jobs than the equivalent 2000 participation rate.

Category: Data Analysis, Digital Media, Employment, Markets

U.S. vs. Global Manufacturing: Anything But ‘Decoupled’

Although the once popular notion of “decoupling” has already been discredited by recent statistical and anecdotal reports, the accompanying chart provides some compelling visual evidence…

Category: Digital Media, Economy, Markets

Bush Econ: A Legacy of Little Growth

How growth in jobs, in gross domestic product and in disposable income have fared during the Bush administration and those of his 10 most recent predecessors. > via WP > Source: Economy Made Few Gains in Bush Years Eight-Year Period Is Weakest in Decades Neil Irwin and Dan Eggen Washington Post, Monday, January 12, 2009;…Read More

Category: Bailouts, Digital Media, Economy, Employment, Markets

2008 U.S. Stock Repurchases

via Bloomberg > Source: U.S. Stock Repurchases Plunge More Than Prices: Chart of Day David Wilson Bloomberg, Jan. 6 2009 http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aIEDVno0efi8

Category: Corporate Management, Digital Media, Markets, Valuation

The Three Trillion Dollar War

Excellent infographic depicting the enormous costs of the Iraq war. It explains in 10 steps why Secretary of Defense Donald Rumsfeld’s 2003 estimates of the war in Iraq’s costs at $60 billion were so wildly off by 10 times that figure. click for really ginormous graphic By the time the United States leaves Iraq, the…Read More

Category: Digital Media, War/Defense, Web/Tech

Shrinking Earnings

Another visualization of the earnings fall off, this one from Comstock Partners. >

Category: Digital Media, Earnings

December Labor Picture Data

via NYT > Source: Jobless Rate Hits 7.2%, a 16-Year High LOUIS UCHITELLE NYT, January 9, 2009 http://www.nytimes.com/2009/01/10/business/economy/10jobs.html

Category: Digital Media, Employment, Wages & Income

The Chaos Inside a Cancer Cell

via NYT > Source: The Chaos Inside a Cancer Cell NICHOLAS WADE NYT, December 25, 2008 http://www.nytimes.com/2008/12/25/science/25visual.html See Also: Why Early Detection Is the Best Way to Beat Cancer Thomas Goetz Wired, 12.22.08 http://www.wired.com/medtech/health/magazine/17-01/ff_cancer

Category: Digital Media, Science

U3 vs. U6 Unemployment Data

I love the way the two data lines on the graph below overlap: via Jake at Econompic > Source: Table A-12. Alternative measures of labor underutilization http://www.bls.gov/news.release/empsit.t12.htm

Category: Data Analysis, Digital Media, Employment

Holiday 2008 Retail Sales (Not Good)

via NYT > Source: Holiday Sales Were Dismal, Data Shows STEPHANIE ROSENBLOOM NYT, January 8, 2009 http://www.nytimes.com/2009/01/09/business/economy/09shop.html

Category: Consumer Spending, Digital Media, Retail