Workplace Economy Slides September 2011 9.7.2011

U.S. Economic Data

As of September 2011

Reflective of the Bureau of Labor Statistics’ Employment Situation – August 2011

August employment figures surprise government officials and economists

JOBS GAINED IN AUGUST

UNEMPLOYMENT RATE

WORST UNEMPLOYMENT RATE SINCE

0

9.1%

1983*Current recession excluded

Unemployment rate remains at 9.1%

Source: BLS

Source: CNNMoney.com

For the first time since 1945, the government reports a monthly net job change of zero

Private payroll employment figures

Source: WhiteHouse.Gov

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United States jobless claims

Source: DismalScientist.com

Bloomberg Consumer Comfort Index continues to decrease

Source: DismalScientist.com

Sector changes observed in August

Source: BLS

9.1%

4.3%

8.2%

9.6%

14.3%

National average

College educated

Some college

High school diploma

Less than high school

Education remains a job search differentiator in August…

Source: BLS

A Snapshot of Metropolitan Unemployment Figures

Source: BLS

United States Consumer Price Index percentage changes

Source: DismalScientist.com

A comparison between United States recessions and recoveries: nonfarm payroll job changes

Horizontal axis shows months. Vertical axis shows the ratio of that month’s nonfarm payrolls to the nonfarm payrolls at the start of recession. Note: Because employment is a lagging indicator, the dates for these employment trends are not exactly synchronized with National Bureau of Economic Research’s official business cycle dates.

Source: Economix.Blogs.NYTimes.com

Job growth stalls, unemployment rate remains the same…

Opportunities

• The unemployment rate remained unchanged at 9.1%.

• The healthcare industry continued to hire; employment within the industry rose by 30,000 in August.

• The mining industry continued to hire as well while adding 6,000 new jobs in August alone.

Weaknesses

• The government reported a monthly net job change of zero for the first time since 1945.

• 13.9 million Americans are currently unemployed – 42.9 percent of such individuals have been without work for more than six months.

• The nation’s Civilian Labor Force Participation Rate remains low; it is currently 64%.

In summary

Global Economic Data

As of July and August 2011

Argentina’s employment situation

Source: DismalScientist.com

Brazil’s GDP

Source: DismalScientist.com

Chile’s employment situation

Source: DismalScientist.com

Euro Zone’s Producer Price Index

Source: DismalScientist.com

France’s employment situation

Source: DismalScientist.com

Germany’s GDP

Source: DismalScientist.com

India’s foreign trade

Source: DismalScientist.com

Peru’s Consumer Price Index

Source: DismalScientist.com

Philippines GDP

Source: DismalScientist.com

South Korea's Consumer Price Index

Source: DismalScientist.com

Spain's retail sales

Source: DismalScientist.com

United Kingdom's consumer confidence

Source: DismalScientist.com