$100,000 a Year Will Make you Go Broke with the California Tax System: Why California is a Fiscal Disaster. Broken Tax Structure built on Bubbles.
It is amazing how little attention on a national scale the California debacle is getting. California alone is the 8th largest economy in the world and contributes $1.8 trillion a year to the national GDP. In the mainstream press, all you hear is sound bites of “there goes California” yet the state is teetering on […]
20% U-6 Rate by End of 2009: Employment Situation: Economic Indicator of Hours Worked Dropping at Fastest Pace Since 1970s. A Key Financial Leading Indicator. 7 Million Unemployed since Start of Recession.
The headline number of 9.4 percent unemployment doesn’t do any justice to the 26,000,000 unemployed or underemployed Americans. Last month, we saw the unemployment situation improve when only 345,000 job losses came online. This sure beats the 500,000+ months we had for six consecutive months. Yet the actual unemployment rate jumped from 8.9 percent to […]
Real Unemployment Situation: Approximately 26,000,000 Unemployed or Underemployed. Job Growth in $10 per Hour Jobs while $20 per Hour Jobs Disappear.
On Friday, we learned that the unemployment rate jumped to 9.4 percent from last month’s 8.9 percent. The BLS data surveys 160,000 businesses and government agencies that affect roughly 400,000 people so the data does cover a large portion of Americans and gives us a good sample size. The markets were largely moving sideways on […]
Depression Level Unemployment: 40 Percent Unemployment in the U.S.? Top 12 MSA Unemployment Regions Located in California. The Only 2 MSA Regions with 20 Percent Unemployment Exist in California.
Statistics have a way of being cold and unsympathetic to the plight of the numbers they represent. That is why when we hear that our national unemployment rate is 8.9 percent, there is little cause for alarm from the headline. Yet when we parse the data we realize that 25,000,000 Americans are unemployed or underemployed […]