Posts filed under “Wages & Income”

Personal Income and Employment Interactive Map

We can’t let a Friday go by without something Employment/Income related. Hence, this lovely  BEA chart, showing changes in personal income by state:

The data for Q1 — yes, it is both old and lagging — is still stunning nonetheless:  74% of the states showed a drop in Personal Income.

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Personal Income Changes, by State

us-income-map

via Bureau of Economic Analysis

UPDATE: June 22 2009 6:23am

David Rosenberg writes:

“As an aside, the U.S. Commerce Department also released state-by-state income data yesterday for 1Q and found that personal income deflated in 37 states. That is a very generous assessment since whatever income there was reflected government benefits like food stamps, unemployment insurance and welfare.   Income derived from the private sector — remember that part of the economy? —  actually contracted in all 50 states.

Whatever shoot that is, it definitely is not green.”

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Source:
PERSONAL INCOME AND OUTLAYS
BEA, April 2009

http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm

Personal Income Drops in 37 States
David Wessel
Real Time Economics, June 18, 2009, 9:34 AM ET

http://blogs.wsj.com/economics/2009/06/18/personal-income-drops-in-37-states/

Category: Data Analysis, Employment, Wages & Income

Inside Look – Executive Pay at Financial Companies

An In-Depth Look at “The Finance 50″; Further Analysis and Discussion with Columbia University Professor John Coffee (Bloomberg News)

Category: Bailouts, Corporate Management, Video, Wages & Income

Trickledown Whackonomics

Not surprisingly, when a person goes from making $750k as a bond trader, to $60k as a high school teacher, their spending habits change. That is the obvious but nonetheless interesting point of a Bloomberg article on the impact of Wall Street’s meltdown beyond lost finance jobs. The net result is less business, revenue and…Read More

Category: Consumer Spending, Economy, Employment, Wages & Income

Wall Street Pay Bounces Back

To be filed under “Are you shitting me?”: “Workers at the largest financial institutions are on track to earn as much money this year as they did before the financial crisis began, because of the strong start of the year for bank profits. Even as the industry’s compensation has been put in the spotlight for…Read More

Category: Bailouts, Corporate Management, Wages & Income

Median Income vs Median Home Price

Great interactive chart I meant to get to earlier this week, via the NYT: > > Source: For Housing Crisis, the End Probably Isn’t Near DAVID LEONHARDT NYT, April 21, 2009 http://www.nytimes.com/2009/04/22/business/economy/22leonhardt.html

Category: Real Estate, Wages & Income

Pyramid of Misery

From Portfolio, by The Number author Lee Eisenberg. “The Number” used to be the “Fuck You Number”– the dollar amount that allowed you to tell your boss fuck you. In a recent Portfolio article, Eisenberg’s latest variation is the “I’m Fucked number” — the smallest number that you can get by on. > > via…Read More

Category: Economy, Employment, Markets, Psychology, Wages & Income

Merrill Lynch Bonus Investigation

New York State Attorney General Andrew Cuomo is none too happy with $4 billion in recent Merrill Lynch bonuses! Enjoy: > AG Cuomo. MERpdf Publish at Scribd or explore others: Finance & Investing Business & Legal executive compensati

Category: Corporate Management, Digital Media, Legal, Markets, Wages & Income

Executive Pay & Perks

Nice pair of tables from the NYT: > Sources: In Curbing Pay, Obama Seeks to Alter Corporate Culture STEPHEN LABATON and VIKAS BAJAJ NYT, February 4, 2009 http://www.nytimes.com/2009/02/05/us/politics/05pay.html Scrutiny of Bankers’ Perks Will Grow, Too ERIC DASH NYT, February 4, 2009 http://www.nytimes.com/2009/02/05/business/05perks.html

Category: Data Analysis, Digital Media, Wages & Income

Wall Street Pay

Shorter Floyd Norris: It is one thing when the best-paid people seem to be the smartest and the most accomplished. Those who make much less may not like it, but the differential seems understandable. It is another thing when those people are shown to have committed huge blunders that would have driven their companies out…Read More

Category: Bailouts, Markets, Taxes and Policy, Wages & Income

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