economic data july 2011
DESCRIPTION
TRANSCRIPT
US Economic Data
As of August 2011Reflective of the Bureau of Labor Statistics’“The Employment Situation – July 2011”
Employment Increases Surprise Nationwide Economists
JOBS GAINED IN JULY
UNEMPLOYMENT RATE
WORST UNEMPLOYMENT RATE SINCE
117,000
9.1%
1983*Current recession excluded
EMPLOYMENT INCREASES SURPRISE NATIONWIDE ECONOMISTS
Unemployment Rate Declines to 9.1%
Source: BLS
UNEMPLOYMENT RATE DECLINES TO 9.1%
Source: CNNMoney.com
The Job Market Improves Considerably as 117,000 Jobs are Added in JulyTHE JOB MARKET IMPROVES CONSIDERABLY AS 117,000 JOBS ARE ADDED IN JULY
July Unemployment Rates Remain Near 30-Year High
Source: CalculatedRiskBlog.com
JULY UNEMPLOYMENT RATES REMAINNEAR 30-YEAR HIGH
8.7 Million Jobs Lost in 2008…117,000 Jobs Created in July 2011. Progress Must Continue – And for the Long Run
Sources: Bureau of Labor Statistics & MSNBC.com
8.7 MILLION JOBS LOST IN 2008…117,000 JOBS CREATED IN JULY 2011. PROGRESS MUST CONTINUE – AND FOR THE LONG RUN
ere
Source: Economix.Blogs.NYTimes.com
JULY 2011 – THE LONGEST AVERAGE UNEMPLOYMENT DURATION (40.4 WEEKS) ON RECORD
Sources: Bureau of Labor Statistics via Haver Analytics & Economix.Blogs.NYTimes.com
Private-sector Job Growth (Blue) vs. Population Growth (Red), August 2009 – July 2011
PRIVATE SECTOR EMPLOYMENT INCREASES AT FASTER RATE THAN U.S. ADULT POPULATION GROWTH
Sources: Bureau of Labor Statistics, via Haver Analytics & Economix.Blogs.NYTimes.com
Employment-population Ratio Figures, August 2009 – July 2011
UNITED STATES EMPLOYMENT – POPULATION RATIO REACHES 28-YEAR LOW
State and Local Governments Continue to Cut Jobs
Sources: Bureau of Labor Statistics, via Haver Analytics & Economix.Blogs.NYTimes.com
Government Employment Figures, August 2009 – July 2011
STATE AND LOCAL GOVERNMENTS CONTINUE TO CUT JOBS
Sector Changes Observed in July
Source: BLS
SECTOR CHANGES OBSERVED IN JULY
9.1%
4.3%
8.3%
9.3%
15.0%
National average
College educated
Some college
High school diploma
Less than high school
Source: BLS
EDUCATION REMAINS A JOB SEARCH DIFFERENTIATOR…
Source: BLS
A SNAPSHOT OF METROPOLITAN UNEMPLOYMENT FIGURES
Source: WhiteHouse.Gov
PRIVATE PAYROLL EMPLOYMENT FIGURESJULY 2008 – JULY 2011
Job growth improves, unemployment rate decreases…
Opportunities •117,000 jobs were generated throughout the nation in July alone.
•The unemployment rate dropped from 9.2% to 9.1%.
•Average hourly earnings for all employees increased by 0.4 percent to $23.13, as earnings have increased by 2.3 percent during the last year.
•In July, private employers hired 154,000 professionals throughout the United States.
Weaknesses•Only 1.9 million of 8.7 million jobs lost since 2008 have actually been
recovered.
•13.9 million Americans are currently unemployed – more than 40 percent of such individuals have been without work for more than six months.
•The nation’s Employment-population Ratio Figure is currently 58.1%, the lowest rate in 28 years.
In Summary
IN SUMMARY
Global Economic Data
As of July 2011
Source: DismalScientist.com
BRAZIL’S CONSUMER PRICE INDEX
Source: DismalScientist.com
EURO ZONE GDP
Source: DismalScientist.com
GERMANY’S EMPLOYMENT PICTURE
Indonesia’s GDP
Source: DismalScientist.com
INDONESIA’S GDP
Source: DismalScientist.com
NEW ZEALAND’S EMPLOYMENT SITUATION
Source: DismalScientist.com
SPAIN’S INDUSTRIAL PRODUCTION
Taiwan’s Consumer Price Index
Source: DismalScientist.com
TAIWAN’S CONSUMER PRICE INDEX
United Kingdom’s Halifax Housing Price Index
Source: DismalScientist.com
UNITED KINGDOM’S HALIFAX HOUSING PRICE INDEX
Venezuela’s Consumer Price Index
Source: DismalScientist.com
VENEZUELA’S CONSUMER PRICE INDEX