SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: calgal6/1/2012 11:47:20 PM
   of 224748
 
The Blog
This Lousy Economy, in Three Simple Charts
11:00 AM, Jun 1, 2012 • By JAY COST



Single Page Print Larger Text Smaller Text Alerts



The May jobs report came out today and showed an economy barely adding any jobs: Just 69,000 were added last month, and the unemployment rate increased. This follows news yesterday that GDP was revised downward for the first quarter, and a report today that real incomes remain essentially unchanged.

This really is not news. In fact, it is a pretty old story. The media likes to follow the short-term fluctuations in the economy to write stories about it gaining or losing momentum, but when you pull back from the news cycle you can see that things have been flat like this for well over a year.

To demonstrate this point, I want to look at three key metrics of the economy – employment, real GDP per capita, and real disposable income per capita. That accounts for jobs, growth, and income – a pretty comprehensive overview of how the economy is functioning as the average person feels it.

Most media reports look at these metrics by how much they’ve changed over the last month or quarter. That is how they can generate breathless stories about a robust recovery or an impending recession. But let’s look at changes over the last year. That will give us perspective on what the bigger trends are.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News