Neubarth
At the Ballpark July 30th
"Fish flopping out of water" is what I use to describe the economic numbers. Up for a couple of months and then down and then up and then down. That is not an indication of an economic rally. Nor are the numbers reassuring. If we saw factory orders rise for November and December, I would be somewhat reassured that the Manufacturing part of our economy was improving.
Unfortunately, I am afraid for our near future. I hope, but I am still a realist.
Economic Calendar: Financial Calendars - Yahoo! Finance
FACTORY ORDERS For the year we are up 1.1 percent.
OCT 2009 +0.6%
SEP 2009 +1.6%
AUG 2009 –0.8%
JUL 2009 +1.4%
JUN 2009 +1.1%
MAY 2009 +1.2%
APR 2009 +0.7%
MAR 2009 – 1.9%
FEB 2009 + 0.7%
JAN 2009– 3.5%
RETAIL SALES For 2009, we are down 0.3 percent and for the past 12 months we are down 5.1% Obviously there is no economic recovery here. That is the reason why so many mom and pop stores are shutting their doors all across the nation.
OCT 2009 +1.4%
SEP 2009 - 2.3 %
AUG 2009 -0.2%
JUL 2009 -0.1
JUN 2009 +0.8 %
MAY 2009 +0.5%
APR 2009 –0.4%
MAR 2009 –1.3%
FEB 2009 +0.3%
JAN 2009 + 1.0%
DEC 2008 –2.7%
NOV 2008 –2.1%
OCT 2008 –2.9%
SEP 2008 –1.3%
AUG 2008 –0.4%
INDUSTRIAL PRODUCTION Is down 4.5% for the past year and down 8.2% for the past 12 months. In August when car sales were “soaring” we had a brief uptick in production that slowed down in September. After that it has been acting like a weak, barely flopping fish out of water.
OCT 2009 +0.1%
SEP 2009 +0.6%
AUG 2009 +1.2%
JUL 2009 +1.0%
JUN 2009 – 0.4%
MAY 2009 – 1.2%
APR 2009 – 0.7%
MAR 2009 – 1.7%
FEB 2009 – 1.5%
JAN 2009 – 1.9%
DEC 2008 – 2.4%
NOV 2008 – 1.3%
We are still shedding half a million jobs every week according to the Unemployment Insurance claims. That approximately equals two million a month who have lost what was steady work (The state laws vary as to how long you have to have been working -- Usually 6 months to a year -- before you can claim your unemployment insurance.
The Federal Unemployment numbers say we are only losing about 100,000 jobs a month. For last month they claimed that we only lost 11,000. Something is seriously wrong about the way they are tabulating unemployment. The numbers released are for "emotional security reasons" for the ignorant but lack any concept or hint of reality for those of us who can read.
Hopefully things will finally start to get better. Ya gotta hope, right?
Unfortunately, I am afraid for our near future. I hope, but I am still a realist.
Economic Calendar: Financial Calendars - Yahoo! Finance
FACTORY ORDERS For the year we are up 1.1 percent.
OCT 2009 +0.6%
SEP 2009 +1.6%
AUG 2009 –0.8%
JUL 2009 +1.4%
JUN 2009 +1.1%
MAY 2009 +1.2%
APR 2009 +0.7%
MAR 2009 – 1.9%
FEB 2009 + 0.7%
JAN 2009– 3.5%
RETAIL SALES For 2009, we are down 0.3 percent and for the past 12 months we are down 5.1% Obviously there is no economic recovery here. That is the reason why so many mom and pop stores are shutting their doors all across the nation.
OCT 2009 +1.4%
SEP 2009 - 2.3 %
AUG 2009 -0.2%
JUL 2009 -0.1
JUN 2009 +0.8 %
MAY 2009 +0.5%
APR 2009 –0.4%
MAR 2009 –1.3%
FEB 2009 +0.3%
JAN 2009 + 1.0%
DEC 2008 –2.7%
NOV 2008 –2.1%
OCT 2008 –2.9%
SEP 2008 –1.3%
AUG 2008 –0.4%
INDUSTRIAL PRODUCTION Is down 4.5% for the past year and down 8.2% for the past 12 months. In August when car sales were “soaring” we had a brief uptick in production that slowed down in September. After that it has been acting like a weak, barely flopping fish out of water.
OCT 2009 +0.1%
SEP 2009 +0.6%
AUG 2009 +1.2%
JUL 2009 +1.0%
JUN 2009 – 0.4%
MAY 2009 – 1.2%
APR 2009 – 0.7%
MAR 2009 – 1.7%
FEB 2009 – 1.5%
JAN 2009 – 1.9%
DEC 2008 – 2.4%
NOV 2008 – 1.3%
We are still shedding half a million jobs every week according to the Unemployment Insurance claims. That approximately equals two million a month who have lost what was steady work (The state laws vary as to how long you have to have been working -- Usually 6 months to a year -- before you can claim your unemployment insurance.
The Federal Unemployment numbers say we are only losing about 100,000 jobs a month. For last month they claimed that we only lost 11,000. Something is seriously wrong about the way they are tabulating unemployment. The numbers released are for "emotional security reasons" for the ignorant but lack any concept or hint of reality for those of us who can read.
Hopefully things will finally start to get better. Ya gotta hope, right?
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