11-07-2005 23:07									#32
	Tired of ads?

The job total looks somewhat impressive. But the real question are the types of jobs seeing gains. After all, your new McDonald's worker sure as hell isn't going to make as much as, say, an experienced construction worker or computer programmer.

Gatekeeper

	11-07-2005 23:08									#33
	Lose 30 kilos (of popups)

1.2% is "much more?"

Compare to Italy. That's "much more."

	11-07-2005 23:11									#34
	Got spare money?

quote: Originally posted by JohnT Babies don't work Spiff.

Immigrants do, and as DanS said just above your post, the American workforce is tied to immigration.

Besides, those who were babies ca. 20 years ago now work.

DanS provided the rule of thumb of 150,000 new jobs a month to absorb the increase of the workforce. This means that the quarter's increase is nice, but nothing exceptional.

	11-07-2005 23:12									#35
	Increase the size of your Attachments

Average hourly wage went up $0.03 in the month of June. according to BLS

	11-07-2005 23:12									#36
	Increase Your PM Length

quote: Originally posted by DanS 1.2% is "much more?" Compare to Italy. That's "much more."

Still providing us with a higher employment total...

	11-07-2005 23:18									#37
	Support Apolyton, buy GURPS/ Alpha Centauri

Together with double deficits (current account and budget) approaching 5% of GDP you'd think that even DanS would have some doubts in the back of his mind...

	11-07-2005 23:20									#38
	Support Apolyton, buy Civilization: The Boardgame

Let the good times roll, indeed

	11-07-2005 23:21									#39
	Support Apolyton, buy Civilization: The Boardgame

Since Jan 2005, average hourly wages have gone from $15.90 to $16.03, an increase of
Since Jan 2005, the inflation rate is 1.5%
Since Jan 2005, average hourly wages have increased 0.8%

	11-07-2005 23:22									#40
	Support Apolyton buy from Amazon

mmmmm....stagflation

	11-07-2005 23:22									#41
	Help yourself to an AD-FREE life

Let the good times roll indeed

I see we're not the only ones with a problem of eroding purchasing power.

	11-07-2005 23:22									#42
	Avatar Enlargement: We've got the solution

Fed's walking the razor's edge right now....

	11-07-2005 23:22									#43
	Increase Your PM Length

Have you seen the show "30 days", with the guy who did Supersize Me?

Episode 1 was living 30 days on Minimum Wage. Pretty amazing.

Episode 2 was an overweight guy using lots of "supplements" and working out hardcore for 30 days.

Episode 3 was a white hardcore Christian hick living as a Muslim in a Muslim community for 30 days.

Episode 4 was a homophobic straight hick living on Castro Street with a gay roommate for 30 days.

	11-07-2005 23:26									#44
	Suffering from ads?

quote: Originally posted by KrazyHorse mmmmm....stagflation

While I'm not supporting Dan's rosy views: CPI did went negative in april to may. That's not really a condition for stagflation.

	11-07-2005 23:27									#45
	Support Apolyton, buy Civilization: The Boardgame

to be fair, its not all the feds fault - if the idiot bush hadnt raised the twi deficits to 5% of GDP and done all of his ridiculous tax cuts and pork barrel spending, we wouldnt have a problem with a squeezed fed, who policies have less and less of an effect for every extra dollar that bush spends.

didnt anyone tell him that he can veto?

	11-07-2005 23:30									#46
	Support Apolyton buy from Amazon

quote: Originally posted by KrazyHorse Together with double deficits (current account and budget) approaching 5% of GDP you'd think that even DanS would have some doubts in the back of his mind...

The federal deficit is plummeting. I didn't enjoy the ride, but this fiscal year, the deficit will be less than 3% of the economy.

	11-07-2005 23:31									#47
	Support Apolyton, buy Call to Power 2

imports and producer prices also were negative for the month of june.

	11-07-2005 23:33									#48
	Support Apolyton, pre-order Civilization IV

yes youre right, at this pace, the CBO estimates the deficit spending will end in 2011

	11-07-2005 23:35									#49
	Put an end to popups!

As discussed in previous threads, the CBO forecasts have limited utility.

	11-07-2005 23:37									#50
	Support Apolyton buy from Amazon

meanwhile, the debt held by the public will stay pretty much constant around 37 - 38% as a percentage of GDP until 2010.

	11-07-2005 23:40									#51
	Support Apolyton, buy Civilization: The Boardgame

and youre also right - the idiot bushs republican successor (ya know, the party of fiscal responsibility) might increase deficit spending because now they know they can get away with it because a) people dont care and b) the people who do are yes - men who would say anything to please the mastah.

	11-07-2005 23:42									#52
	Tired of ads?

quote: the idiot bushs republican successor

I would thank God if it's a Republican successor. We shall see.

Note for the record that I wasn't the one to bring politics into this discussion.

	11-07-2005 23:49									#53
	Browse Apolyton AD-FREE

quote: Originally posted by Colon While I'm not supporting Dan's rosy views: CPI did went negative in april to may. That's not really a condition for stagflation.

I know it's not technically stagflation. At least not yet.

But For an economy with the level of inflation we're seeing right now, the US is not growing all that quickly.

	11-07-2005 23:59									#54
	Support Apolyton or Terrorists Win

The US isn't growing all that quickly. At the same time, the US isn't growing all that slowly either. Certainly faster than most first world economies, even on a per capita basis.

	12-07-2005 00:02									#55
	Support Apolyton, pre-order Civilization IV

quote: Originally posted by KrazyHorse I know it's not technically stagflation. At least not yet. But For an economy with the level of inflation we're seeing right now, the US is not growing all that quickly.

Capacity utilisation is still below the average of the past 3 decades and money supply growth is tepid, so I'm not so sure if there's all that much risk on the upside.

	12-07-2005 00:27									#56
	Full PM-box? Change here!

Sorry for hijacking the thread Dan, but I can't be arsed to start a new thread about it.

I just came across something interesting, namely the Japanese CPI data are adjusted for quality improvements. That's not so shocking on its own, since the same is the case with US CPI data, but it does get interesting if you consider that Japanese purchases on electronics are (substantially?) higher than European or American. At least I assume they are. And electronics tend to improve a lot in quality, even if the actual purchasing costs remain the same.
So this makes me wonder how real Japanese deflation really is.

	12-07-2005 00:41									#57
	Lose 30 kilos (of popups)

As I recall, those changes in the Japanese CPI are recent?

	12-07-2005 00:51									#58
	Inflate your Upload Space

Where are all these new jobs being created?

(IOW where can one get data by state)

	12-07-2005 01:07									#59
	Support Apolyton or Terrorists Win

http://www.bls.gov/data/home.htm

Go down to "Create Customized Tables (One Screen)" at "Employment, Hours, and Earnings from the Current Employment Statistics survey (State and Metro Area)"

Out of the 50 states in May (the latest available), 34 gained jobs and 16 lost jobs. Arkansas was one of the states that lost jobs. This year through May, Arkansas has averaged about 760 new jobs a month, I guess about half the national average by population. June was a better month than May, so fewer states will have lost jobs during the month.

Last edited by DanS on 12-07-2005 at 01:12

	12-07-2005 01:15									#60
	Support Apolyton, buy Civilization: The Boardgame

quote: Originally posted by DanS As I recall, those changes in the Japanese CPI are recent?

I don't know.