Dog Brothers Public Forum
Return To Homepage
Welcome, Guest. Please login or register.
December 20, 2014, 12:52:38 PM

Login with username, password and session length
Search:     Advanced search
Welcome to the Dog Brothers Public Forum.
83729 Posts in 2261 Topics by 1067 Members
Latest Member: Shinobi Dog
* Home Help Search Login Register
+  Dog Brothers Public Forum
|-+  Politics, Religion, Science, Culture and Humanities
| |-+  Politics & Religion
| | |-+  US Economics, the stock market , and other investment/savings strategies
« previous next »
Pages: 1 ... 18 19 [20] Print
Author Topic: US Economics, the stock market , and other investment/savings strategies  (Read 85742 times)
Crafty_Dog
Administrator
Power User
*****
Posts: 31831


« Reply #950 on: December 03, 2014, 10:40:24 AM »

Nonfarm Productivity Increased at a 2.3% Annual Rate in the Third Quarter To view this article, Click Here
Brian S. Wesbury, Chief Economist
Robert Stein, Deputy Chief Economist
Date: 12/3/2014

Nonfarm productivity (output per hour) increased at a 2.3% annual rate in the third quarter, revised up from last month’s estimate of 2.0%. Nonfarm productivity is up 1.0% versus last year.
Real (inflation-adjusted) compensation per hour in the nonfarm sector increased at a 0.2% annual rate in Q3 and is up 0.4% versus last year. Unit labor costs declined 1.0% in Q3 but are up 1.2% versus a year ago.
In the manufacturing sector, the Q3 growth rate for productivity (2.9%) was faster than among nonfarm businesses as a whole. The faster pace in productivity growth was due to a slower increase in hours in that sector. Real compensation per hour was up in the manufacturing sector (+0.5%), and unit labor costs declined at a 1.3% annual rate.

Implications: Already signaled by last week's upward revision in the growth rate for Q3 real GDP, today's data show that productivity growth was also revised from a modest 2% annualized growth to a more respectable 2.3%. We say respectable, because productivity has been relatively weak - up just 1% from a year ago following an anemic 0.7% gain the year before. So, while the most recent quarter was in line with history, the past few years have seen productivity improvements noticeably slower than the average gain of 2.3% since 1996. There are three points to make about this. First, there are measurable improvements in productivity. Second, one must remember that productivity is an "aggregate" number - it includes all output, from new-tech, high productivity 3D printing, and, the wasted time spent on filling out complicated tax and regulatory paperwork. In other words, don't blame the private sector for slow growth, blame government. And, third, productivity is probably underestimated in the high-tech arena, especially for services, because we don't know how to account for things like GPS road guidance, for example. Sectors of the economy that are easier to measure show more rapid productivity growth. On the manufacturing side, productivity rose at a 2.9% annual rate in Q3, and is up a more healthy 2.7% from a year ago. Manufacturers, due to new technologies, are still able to increase output faster than hours. Overall, for the rest of the year and into 2015-16, we look for faster productivity growth than in the past two years. In other news this morning, the ADP index, which measures private-sector payrolls, showed a gain of 208,000 in November. Our models now forecast a nonfarm gain of 219,000, with 210,000 in the private sector, although the forecast may change slightly tomorrow based on new data for unemployment claims.
Logged
DougMacG
Power User
***
Posts: 6171


« Reply #951 on: December 04, 2014, 11:02:27 AM »

1)  I give due credit to Wesbury and other bulls for calling the good stock market over these times.  (Not for the reasons they give.)

2)   There is such a disconnect between the US economy and the stock market that maybe they are separate topics...

3)   Wesbury gets this right on two important counts:

 "don't blame the private sector for slow growth, blame government"

This is slow growth, and this is government's fault.  Growth could be, should be, 4-5% or more - consistently, under pro-growth policies.

4)  Actual, real growth in per person consumption expenditures is up (only) 1.4% over the past year.  Real GDP growth per person was up only 1.7%.  Source:  stlouisfed.org

This is pathetic and almost unprecedented stagnation for coming out of such a deep hole.


Logged
ccp
Power User
***
Posts: 4213


« Reply #952 on: December 06, 2014, 08:53:51 AM »

Someone called into Mark Levin and wondered if the 5 million illegals who are now legal will be added to the unemployment rolls.  Since I believe the vast majority who are not children are working Obama could  claim he "added" a million or two new jobs to the rolls.  That assumes these people will also admit to working. 

The point is the unemployment numbers are all just smoke and mirrors.  And this is one more example to prove it. 
Logged
DougMacG
Power User
***
Posts: 6171


« Reply #953 on: December 07, 2014, 12:01:06 PM »

ccp:  "Someone called into Mark Levin and wondered if the 5 million illegals who are now legal will be added to the unemployment rolls.  Since I believe the vast majority who are not children are working Obama could  claim he "added" a million or two new jobs to the rolls.  That assumes these people will also admit to working."

We have illegals working her in numbers greater that all the working class citizens looking for work.  If we wanted to absorb new immigrants at a faster rate, we should combine that wish with policies that enhance the starting and growing of new businesses and jobs, instead of the opposite.


"The point is the unemployment numbers are all just smoke and mirrors.  And this is one more example to prove it. "

Lead story yesterday on our local paper was just how great the employment situation now is.  Twin Cities' unemployment is now back to 3.6%.  No mention that the majority of adults in north Minneapolis are now permanently out of the workforce.

Meanwhile, the number of adults completely out of the workforce in America will hit 100 million by the end of the Obama administration.  More adults have left the workforce than work full time in the private sector, 92M to 86M.

Yes, ccp, we need new ways to measure and talk about employment and unemployment.
Logged
objectivist1
Power User
***
Posts: 614


« Reply #954 on: December 09, 2014, 09:56:45 AM »

Contrary to what all the economic pollyannas are telling us.  Here is the reality.  AS IF anyone who looks around with their own two eyes can't see this for themselves:

http://www.alt-market.com/articles/2428-retail-disaster-holiday-sales-crater-by-11-online-spending-declines

Logged

"You have enemies?  Good.  That means that you have stood up for something, sometime in your life." - Winston Churchill.
Crafty_Dog
Administrator
Power User
*****
Posts: 31831


« Reply #955 on: December 16, 2014, 08:01:34 AM »

http://www.nytimes.com/2014/12/16/business/economy/economic-recovery-spreads-to-the-middle-class-.html?emc=edit_th_20141216&nl=todaysheadlines&nlid=49641193
Logged
prentice crawford
Power User
***
Posts: 784


« Reply #956 on: December 16, 2014, 11:35:21 PM »

Obama's friends do good. $ http://start.toshiba.com/news/read/category/Business/article/afp-ge_to_distribute_40_bn_to_shareholders_in_20152016-afp GE to distribute $40 bn 2015-16  http://www.thenewamerican.com/usnews/politics/item/9268-obamas-crony-capitalism-and-his-top-2008-donors Obama’s 08 Donors.

                              P.C.
Logged

Pages: 1 ... 18 19 [20] Print 
« previous next »
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2013, Simple Machines Valid XHTML 1.0! Valid CSS!