Smart-Looking Links to Economics Stuff Without Commentary or Analysis

[Fifty]

Some interesting (though outdated by now) indicators out of the South Dakota labor market:

Industry Group, Industry and Subsector Establishments Workers Pay
Financial Activities 3,123 30,489 $40,256
Finance and Insurance 2,100 26,792 $42,416
Credit Intermediation and Related Activities 846 19,432 $40,789
Securities, Commodity Contracts and Investments 255 731 $87,155
Insurance Carriers and Related Activities 973 6,596 $42,127
Funds, Trusts and Other Financial Vehicles 26 33 $64,223

Source

Interesting stuff... seems like the Fed didn't catch on to this until it was too late!

 

[Zelig]

I'm not sure it's as significant as you may think.

Industry $ million Multiplier
Agriculture, Forestry,
Fishing and Hunting 5,302 2.374
Mining 434 1.766
Utilities 952 1.458
Construction 3,608 2.152
Manufacturing 13,103 2.122
Wholesale Trade 2,682 1.790
Transportation and
Warehousing 1,928 2.067
Retail Trade 3,685 1.811
Information 1,772 1.834
Finance and Insurance 4,650 1.763
Real estate and Rentals 2,627 1.570
Professional-scientific and
Technical Services 1,678 2.062
Management of Companies 502 1.959
Administrative and Waste
Services 1,017 2.003
Educational Services 428 2.088
Health and Social Services 4,726 2.050
Arts-Entertainment and
Recreation 577 1.940
Accommodation and Food
Services 1,764 2.012
Other Services 1,399 2.094
Government and non-
NAICS 5,874 1.814
TOTAL
58,709

See here.

The areas with high multipliers are going to have more of an impact than intermediations that may receive similar stimulus, but the Fed will have to work that out.

 

[Bill3000]

The Fed's going to be busy for the next two weeks trying to make sense of this:

2009
Jan. Feb. Mar. Apr. May
(Percent change from preceding month)
Personal income, current dollars 0.0 -0.3 -0.3 0.7 1.4
Disposable personal income:
Current dollars 1.5 -0.1 0.0 1.3 1.6
Chained (2000) dollars 1.2 -0.4 0.0 1.2 1.6
Personal consumption expenditures:
Current dollars 0.9 0.4 -0.3 0.0 0.3
Chained (2000) dollars 0.7 0.0 -0.2 -0.1 0.2

http://www.bea.gov/newsreleases/national/pi/2009/pi0509.htm

 

[Azale]

Outlays in 2008

In 2008, as in previous years, most outlays by foreign direct investors were to acquire existing businesses. These outlays were $242.8 billion, compared with $17.6 billion to establish new U.S. businesses. Outlays made by, or through, existing U.S. businesses were $213.3 billion, much greater than the outlays of $47.1 billion made directly by foreign investors.

Outlays in manufacturing rose to $141.1 billion from $118.4 billion and accounted for more than half of total outlays in 2008. Within manufacturing, the increase was more than accounted for by beverages and tobacco products, where outlays were boosted by a large transaction. Among other manufacturing industries, spending was also substantial in chemicals, especially in pharmaceuticals. Outside manufacturing, outlays continued to be high in financial industries such as securities and commodities brokers, insurance, and depository institutions (banking).

Bureau of Economic Analysis

Yea, good job by the Feds on this one They'll certainly be busy trying to sort this out!

Very interesting indeed.

 

[mrt144]

Some interesting (though outdated by now) indicators out of the South Dakota labor market:



Source

Interesting stuff... seems like the Fed didn't catch on to this until it was too late!

What was there for the Fed to catch on to? That South Dakota has some favorable laws to financial services companies? That SCOTUS made a ruling back before you and I were born about interstate commerce and credit companies?

 

[Fifty]

What was there for the Fed to catch on to? That South Dakota has some favorable laws to financial services companies? That SCOTUS made a ruling back before you and I were born about interstate commerce and credit companies?

I'll let Professor Sparrow's recent comments speak for themselves (though this stuff is on healthcare, it IS relevant to what the Fed should be looking for in the SD case!)

 

[mrt144]

I'll let Professor Sparrow's recent comments speak for themselves (though this stuff is on healthcare, it IS relevant to what the Fed should be looking for in the SD case!)

I like it!

 

[emzie]

Even blue chips like wheat and sunflower are hurting! Dire

          2009     2008
All Wheat 3.36      3.66
Sunflower 550,000 600,000

 

[Perfection]

Amount of money I spent on coffee today: $1.50


I think I might be doing this wrong.

 

[Masada]

Amount of money I spent on coffee today: $1.50

How much you have spent pre-GFC?

 

[Perfection]

I'll get some congressional funding to do a study on it, and then will get back to you in a couple years.

 

[Phlegmak]

Smart-Looking Links to Economics Stuff Without Commentary or Analysis

I see you were in a Garry Denke mood.

 

[holy king]

garry denke approves of the economy.

 

[Fifty]

Looks like Benanke doesn't have any more excuses for not keeping up with the EU:

Source

 

[Bill3000]

I see you were in a Garry Denke mood.

Guess again:

 

[Fifty]

Interesting new numbers out, we'll see how the Treasury deals with this one, but it sounds like the Fed might finally feel vindicated.

 

[mrt144]

 

[Fifty]

Bad news from the BLS. Will be interesting to see if Mankiw comments on this on his blog.

 

[illram]

Looks good to me.

Metropolitan Area Pay Relative (Average pay nationally = 100)
San Jose-San Francisco-Oakland, CA 119
New York-Newark-Bridgeport, NY-NJ-CT-PA 114
Boston-Worcester-Manchester, MA-NH 111
Los Angeles-Long Beach-Riverside, CA 109
Washington-Baltimore-Northern Virginia, DC-MD-VA-WV 109
Chicago-Naperville-Michigan City, IL-IN-WI 108
Philadelphia-Camden-Vineland, PA-NJ-DE-MD 105
Atlanta-Sandy Springs-Gainesville, GA-AL 100
Houston-Baytown-Huntsville, TX 98
Dallas-Fort Worth, TX 97

 

[Desmond Hawkins]

Nice thread. Now I forgive you for being mean to Narz.