Guest guest Posted October 2, 2009 Report Share Posted October 2, 2009 Dear List, Below is some hard data released just now on the USA economy. Best regards, Vyas Munidas Washington, October 2 - The US economy shed 263,000 jobs in September, more than the 201,000 lost last month and the 180,000 loss economists were expecting, the Labor Department reported today. Meanwhile, the unemployment rate edged up to 9.8%, the highest rate since June 1983. The Labor Department said the number of long-term unemployed rose to 5.4 mln in September, which represents more than a third of all unemployed people. The US has now lost about 7.2 mln jobs since the recession began in December 2007. Labor also revised July job losses from 247,000 to 304,000 and August job losses from 216,000 to 201,000. Together, these revisions added 42,000 more jobs lost over the last three months. Economists have said the economy needs to create about 100,000 jobs each month to keep up with new workers, but with September's numbers, the economy has averaged a loss of about 482,000 jobs per month over the last 12 months. The labor force participation rate, which includes the number of working-aged people with jobs, fell by 0.3 percentage points in September to 65.2%. Jobs were lost in all sectors of the economy except for education and health services, which saw a meager increase of 3,000 jobs and the information sector, in which monthly payrolls were flat. Service-sector jobs, typically a major factor in job gains, fell by 147,000, and retail lost 38,500 jobs. Construction lost 64,000 jobs while the manufacturing sector lost 51,000 jobs. Average hourly wages rose 0.1% in August or by 1 cent to $18.67. Over the year, wages are up only 2.5%, the smallest year over year increase since January 2005. The average workweek edged down to 33.0 hours from the 33.1 hours recorded in the previous month, and which economists expected would remain unchanged. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 2, 2009 Report Share Posted October 2, 2009 Dear Vyas, The Unemployment Rate went from 9.6% of the labour force in Aug 2009 to 9.8% in Sep 2009. The stock market went down yesterdays on the news, but recovered some ground by the close. Such adverse news are in line with the applying afflicting transit aspects in the SAMVA USA chart. Thor SAMVA , " Vyas Munidas " <muni> wrote: > > Dear List, > > Below is some hard data released just now on the USA economy. > > > Best regards, > > Vyas Munidas > > > > Washington, October 2 - The US economy shed 263,000 jobs in > September, > more than the 201,000 lost last month and the 180,000 loss economists were > expecting, the Labor Department reported today. Meanwhile, the unemployment > rate edged up to 9.8%, the highest rate since June 1983. > The Labor Department said the number of long-term unemployed rose to 5.4 > mln > in September, which represents more than a third of all unemployed people. > The US has now lost about 7.2 mln jobs since the recession began in > December > 2007. > Labor also revised July job losses from 247,000 to 304,000 and August > job > losses from 216,000 to 201,000. Together, these revisions added 42,000 more > jobs lost over the last three months. > Economists have said the economy needs to create about 100,000 jobs each > month to keep up with new workers, but with September's numbers, the economy > has > averaged a loss of about 482,000 jobs per month over the last 12 months. > The labor force participation rate, which includes the number of > working-aged people with jobs, fell by 0.3 percentage points in September to > 65.2%. > Jobs were lost in all sectors of the economy except for education and > health > services, which saw a meager increase of 3,000 jobs and the information > sector, > in which monthly payrolls were flat. > Service-sector jobs, typically a major factor in job gains, fell by > 147,000, > and retail lost 38,500 jobs. Construction lost 64,000 jobs while the > manufacturing sector lost 51,000 jobs. > Average hourly wages rose 0.1% in August or by 1 cent to $18.67. Over > the > year, wages are up only 2.5%, the smallest year over year increase since > January > 2005. > The average workweek edged down to 33.0 hours from the 33.1 hours > recorded > in the previous month, and which economists expected would remain unchanged. > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 2, 2009 Report Share Posted October 2, 2009 Here is more such news... Banks With 20% Unpaid Loans at 18-Year High Amid Recovery Doubt By James Sterngold, Linda Shen and Dakin Campbell Oct. 2 (Bloomberg) -- The number of U.S. lenders that can’t collect on at least 20 percent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery. http://www.bloomberg.com/apps/news?pid=20601087 & sid=aXZinRhF5tlA cosmologer <cosmologerSAMVA Sent: Friday, October 2, 2009 1:12:34 PM Re: USA NewsDear Vyas,The Unemployment Rate went from 9.6% of the labour force in Aug 2009 to 9.8% in Sep 2009. The stock market went down yesterdays on the news, but recovered some ground by the close. Such adverse news are in line with the applying afflicting transit aspects in the SAMVA USA chart.ThorSAMVA , "Vyas Munidas" <muni> wrote:>> Dear List,> > Below is some hard data released just now on the USA economy.> > > Best regards,> > Vyas Munidas> > > > Washington, October 2 - The US economy shed 263,000 jobs in > September,> more than the 201,000 lost last month and the 180,000 loss economists were> expecting, the Labor Department reported today. Meanwhile, the unemployment> rate edged up to 9.8%, the highest rate since June 1983.> The Labor Department said the number of long-term unemployed rose to 5.4 > mln> in September, which represents more than a third of all unemployed people.> The US has now lost about 7.2 mln jobs since the recession began in > December> 2007.> Labor also revised July job losses from 247,000 to 304,000 and August > job> losses from 216,000 to 201,000. Together, these revisions added 42,000 more> jobs lost over the last three months.> Economists have said the economy needs to create about 100,000 jobs each> month to keep up with new workers, but with September's numbers, the economy > has> averaged a loss of about 482,000 jobs per month over the last 12 months.> The labor force participation rate, which includes the number of> working-aged people with jobs, fell by 0.3 percentage points in September to> 65.2%.> Jobs were lost in all sectors of the economy except for education and > health> services, which saw a meager increase of 3,000 jobs and the information > sector,> in which monthly payrolls were flat.> Service-sector jobs, typically a major factor in job gains, fell by > 147,000,> and retail lost 38,500 jobs. Construction lost 64,000 jobs while the> manufacturing sector lost 51,000 jobs.> Average hourly wages rose 0.1% in August or by 1 cent to $18.67. Over > the> year, wages are up only 2.5%, the smallest year over year increase since > January> 2005.> The average workweek edged down to 33.0 hours from the 33.1 hours > recorded> in the previous month, and which economists expected would remain unchanged.>--- Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 2, 2009 Report Share Posted October 2, 2009 Hello list, While the outlook improved for the economy in September after much angst earlier in the year, the analysts now agree that the latest data paints a picture of an economy that is only slowly recovering form the downturn. This is in line with the scenario that has been predicted for the USA based on the SAMVA USA chart. Thor Cosmologer <cosmologerSAMVA Sent: Friday, October 2, 2009 1:24:35 PMRe: Re: USA News Here is more such news... Banks With 20% Unpaid Loans at 18-Year High Amid Recovery Doubt By James Sterngold, Linda Shen and Dakin Campbell Oct. 2 (Bloomberg) -- The number of U.S. lenders that can’t collect on at least 20 percent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery. http://www.bloomberg.com/apps/news?pid=20601087 & sid=aXZinRhF5tlA cosmologer <cosmologerSAMVA Sent: Friday, October 2, 2009 1:12:34 PM Re: USA NewsDear Vyas,The Unemployment Rate went from 9.6% of the labour force in Aug 2009 to 9.8% in Sep 2009. The stock market went down yesterdays on the news, but recovered some ground by the close. Such adverse news are in line with the applying afflicting transit aspects in the SAMVA USA chart.ThorSAMVA , "Vyas Munidas" <muni> wrote:>> Dear List,> > Below is some hard data released just now on the USA economy.> > > Best regards,> > Vyas Munidas> > > > Washington, October 2 - The US economy shed 263,000 jobs in > September,> more than the 201,000 lost last month and the 180,000 loss economists were> expecting, the Labor Department reported today. Meanwhile, the unemployment> rate edged up to 9.8%, the highest rate since June 1983.> The Labor Department said the number of long-term unemployed rose to 5.4 > mln> in September, which represents more than a third of all unemployed people.> The US has now lost about 7.2 mln jobs since the recession began in > December> 2007.> Labor also revised July job losses from 247,000 to 304,000 and August > job> losses from 216,000 to 201,000. Together, these revisions added 42,000 more> jobs lost over the last three months.> Economists have said the economy needs to create about 100,000 jobs each> month to keep up with new workers, but with September's numbers, the economy > has> averaged a loss of about 482,000 jobs per month over the last 12 months.> The labor force participation rate, which includes the number of> working-aged people with jobs, fell by 0.3 percentage points in September to> 65.2%.> Jobs were lost in all sectors of the economy except for education and > health> services, which saw a meager increase of 3,000 jobs and the information > sector,> in which monthly payrolls were flat.> Service-sector jobs, typically a major factor in job gains, fell by > 147,000,> and retail lost 38,500 jobs. Construction lost 64,000 jobs while the> manufacturing sector lost 51,000 jobs.> Average hourly wages rose 0.1% in August or by 1 cent to $18.67. Over > the> year, wages are up only 2.5%, the smallest year over year increase since > January> 2005.> The average workweek edged down to 33.0 hours from the 33.1 hours > recorded> in the previous month, and which economists expected would remain unchanged.>--- Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 3, 2009 Report Share Posted October 3, 2009 Hello list members, This thread is now closed. Thor Quote Link to comment Share on other sites More sharing options...
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