October 3, 2014
Nonfarm Payrolls 248K; Unemployment 5.9%; Employed +232K; Labor Force -97K
See more here: Nonfarm Payrolls 248K; Unemployment 5.9%; Employed +232K; Labor Force -97K
Hard hitting global and local news
Hard hitting global and local news
See more here: Nonfarm Payrolls 248K; Unemployment 5.9%; Employed +232K; Labor Force -97K
More: Housing Prices, "Real" Interest Rates, and the "Real" CPI
For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January, I dropped the Birth/Death Model charts from this report.
More: Jane’s Defense Caught With Pants Down: Ukraine Admits Rebel Counteroffensive, Including March to the Sea
Read More: Nonfarm Payrolls 209,000, Unemployment 6.2%, Employed +131,000
The Center for Immigration Studies reports All Employment Growth Since 2000 Went to Immigrants . Actually, greater than 100% of jobs went to immigrants because the number of non-immigrants holding a job is negative, and the total must equal 100%. On a population adjusted basis, the numbers look horrific
See original article: "Real" and "Unreal" Wages; Five Decades of Middle Class Decline in Pictures
On Monday, a BLS Real Earnings report showed: Real average hourly earnings for all private employees fell 0.2 percent from April to May. This result stems from a 0.2 percent increase in the average hourly earnings being more than offset by a 0.4 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U). For all private employees, real average hourly earnings fell 0.1 percent, seasonally adjusted, from May 2013 to May 2014
Black Knight’s April Mortgage Monitor shows almost 2 million modifications face interest rate resets, and 40 percent of those resets are underwater. Email News Release "We have seen a continual reduction in the number of underwater borrowers at the national level for some time now, but modified loans show a different picture," said Kostya Gradushy, Black Knight’s manager of Loan Data and Customer Analytics. "While the national negative equity rate as of April stands at 9.4 percent of active mortgages, the share of underwater modified loans facing interest rate resets is much higher — over 40 percent
For further discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January, I dropped the Birth/Death Model charts from this report