Construction Employment as Percent of Total Employment
Submitted by
CalculatedRisk on Fri, 12/12/2008 - 10:00am (78 comments)
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Out of SSO now. Fur suit back on.
Does the BLS still count each Mexican as 3/5 of a worker?
my brain hurts..
Total American Unemployment or ~Mexican~ unemployment?
"Out of SSO now. Fur suit back on."
Too much information.
Looks like the Know Nothings are out in force.
Maybe the slogan "Inland Empire" needs to renamed.
Seems like the Inland Empire and San Diego actually still have a ways down to go in construction employment
The numbers are even worse in a several of the Florida markets; we track supersector growth / losses by city, and Naples / Cape Coral have had their construction employment drop by almost 20% (6-month rolling average). Ouch.
Voting against the bailout was 'unamerican'....the michigan governator.
Isn't voting 'unamerican'?....
1:30PM selloff starting early today. Someone is anticipating forced selling. Wonder if they're right.
Are workers that "construct" burgers, burritos, buckets of chikin inc.?
could we see the sales trends of IE roach coaches on that graph, please?
Anyone know of any advanced charting add-ons for excel?
Which don't suck?
And do 3D charting, maybe even 4D?
Who buys all those pickup trucks that make so much money for the US makers? Construction workers, of course. Construction goes down, US automakers go away. Elementary.
Why would the Chief of Staff resign, but not the governor?
Rich at Professor Piggington does some good work with San Diego employment.
Here is a recent post:
Employment Situation Worsens (But Still Better Than the Worst of the 1990s) | Piggington's Econo-Almanac | San Diego Housing Bubble News and Analysis
(CR's graphs are still way sweeter looking!)
......
Heritage Foundation wins first prize for chutzpah:
UAW employees earn far more than most Americans do. Congress should not tax all Americans to bailout the Detroit automakers in order to preserve high earnings for a few.
What steely courage !!!
UAW Workers Actually Cost the Big Three Automakers $70 an Hour
Why would the Chief of Staff resign, but not the governor?
Arnold | 12.12.08 - 1:46 pm | #
He's rolling over and cutting a deal, would be my guess.
I am surprised these numbers haven't fallen further. I've heard the explanations that illegals and temps were a decent chunk of construction workers, so maybe the peak was higher in CA. There are also people still working, just far fewer hours. Some people are working on nonresidential. However, a 20% drop in construction employment in the IE just doesn't sound right. Seems like it should be well over a 40% drop.
Who buys all those pickup trucks that make so much money for the US makers? Construction workers, of course. Construction goes down, US automakers go away. Elementary.
wally | 12.12.08 - 1:43 pm | #
Well, them and Marines, suburban men of all stripes, farmers, rednecks with money, and people who just like trucks.
Why would the Chief of Staff resign, but not the governor?
Do you know how much the governor's seat is worth? You don't just walk away from that without something in return.
I went to school in the IE, and let me be the first to say, it is GHETTO. Glad I'm back in Costa Mesa where people are still somewhat civil.
Do you know how much the governor's seat is worth? You don't just walk away from that without something in return.
Basel Too | 12.12.08 - 1:48 pm | #
Along those lines this is funny if you find profanity funny rather than offensive.
Blag Blog: Fuck You, Fucko | Blogtown, PDX | Portland Mercury
" wally writes:
Who buys all those pickup trucks that make so much money for the US makers? Construction workers, of course. Construction goes down, US automakers go away. Elementary.
wally | 12.12.08 - 1:43 pm | # "
Ag also. Lots of ag. A few months back someone posted here that his buddy's dealership (some U.S. carmaker) up in Merced County (CA) was still doing a good business in trucks to ag -- if nothing else.
Whose side are you on?
The Wall Street pigmen and southern Republicans or...
The American working and middle class.
Stop purchasing anything not needed.
Cancel your 401K contribution forever.
401K is the worst investment possible.
Directly to the pigmen of Wall Street who manage to steal about 15% of the value over the lifetime of the 401K.
No other country's workers are foolish enough to invest in their own destruction.
Shadow spot gold price
The Shadow Gold Price | The Big Picture
TGIF. Can't wait to read Clusterfuck Monday.
James Howard Kunstler
"Stop purchasing anything not needed."
As long as puts and inverse ETFs are not counted above then I'm fine.
solidarity writes:
Whose side are you on?
The Wall Street pigmen and southern Republicans or...
The American working and middle class.
I'm on the side of the taxpayer, because that is what I am. Thank God the Republicans in Congress finally found the guts to stop handing out money like it's water. I understand they voted against the bank bailout too, but at least this time it worked.
The world will go on even if GM does not.
A Pizza pie! Tomato/cheese
Bank Failure Friday
Ag? You mean like corn and cotton farmers?
Corn (C, CBOT): Monthly Price Chart
Cotton (CT, ICE [NYBOT]): Monthly Price Chart
Gee, ya think they'll be buying a lot of new trucks going forward?
understand they voted against the bank bailout too, but at least this time it worked.
Well thank goodness the Bank Bailout didn't pass since only the Dems voted for it.
Republicans with guts DOES NOT COMPUTE.
I understand they voted against the bank bailout too, but at least this time it worked.
Henry | 12.12.08 - 1:55 pm | #
These 18 R Senators voted FOR TARP and against cloture on the auto bailout.
Bob Bennett, R-UT
Richard Burr, R-NC
Saxby Chambliss, R-GA
Tom Coburn, R-OK
Norm Coleman, R-MN
Bob Corker, R-TN
John Ensign, R-NV
Chuck Grassley, R-IA
Judd Gregg, R-NH
Orrin Hatch, R-UT
Kay Bailey Hutchison, R-TX
Johnny Isakson, R-GA
John Kyl, R-AZ
Mel Martinez, R-FL
John McCain, R-AZ
Mitch McConnell, R-KY
Lisa Murkowski, R-AK
John Thune, R-SD
These people are tools. I agree that the bailouts are bad, but given a choice I would way rather bailout manufacturing than finance. To bailout finance and not manufacturing is perverse.
Option ARMageddon
Somali Pirates to acquire IL Senate Seat
In other news:
Of the money Russia earned from trade in 2000, 33% came directly or indirectly from the U.S.
Cordially,
Килгор Траут
Cancel your 401K contribution forever.
401K is the worst investment possible.
Directly to the pigmen of Wall Street who manage to steal about 15% of the value over the lifetime of the 401K.
401Ks are problematic, I agree. But if you get a match that's vested it's not bad. I get 100% match that's vested right away so I put in the max up to that limit. I'd rather take it after tax and manage it myself.
Most matches aren't vested since you usually have to wait 5 years. The problem is that you're deferring taxes to some future unknown rate. Future rates will be higher, and you can't plan.
Probably a good time to convert to a Roth.
Looks like it's time for the 2 PM pump.
bahahahahahaa, all my hotshot friends are so f****'ed - thank God I'll never have to hear them brag about how much their homes have appreciated, or about the beamer they just bought their trophy wives; I've been warning them about this depression for years, heck they could of bought a Comex brick for pocket change if they listened to me, but no, I was the negative nancy, the survialist freak, the hoarding nut, but now my genes will be the ones that will ferlizise the soon-to-be max-max landscape!
These people are tools. I agree that the bailouts are bad, but given a choice I would way rather bailout manufacturing than finance. To bailout finance and not manufacturing is perverse.
koan0215 | 12.12.08 - 1:58 pm | #
+1
the headline on one of newspaper's up here in Toronto today read:
SANTA SEEKS BAILOUT
given a choice I would way rather bailout manufacturing than finance. To bailout finance and not manufacturing is perverse.
koan0215 | 12.12.08 - 1:58 pm | #
Hear Hear!
+2
SANTA SEEKS BAILOUT
manja cake
I never understood his business model - don't know how he kept it going this long. Maybe if GM gave away all cars for free they would last longer.
solidarity writes:
Cancel your 401K contribution forever.
401K is the worst investment possible.
solidarity | 12.12.08 - 1:52 pm
You're an idiot. Most 401(k)s come with a company match. Free money for those not so braindead to understand that a 401(k) does not equal equity investing. Go ahead and cancel your 401(k) contribution forever. I'll be glad however take my free 25% company match for doing nothing but contributing to a money market fund.
I thought the American people were promised almost even return or possibly a profit on the $700 billion for finance.
I don't think GM is promising anything similar.
I thought the American people were promised almost even return or possibly a profit on the $700 billion for finance.
======================================
LOL...thanks for the laugh!!!
The infrastructure stimulus wants to re-employ construction workers but I have not seen anyone else mention this perennial big problem with "public works" projects (added to my 12/6/08 article):
"Obama might be giving away your tax dollars to support drug-trafficking, prostitution, and human trafficking because of mob/mafia ties to construction. "Organized crime controls 75 percent of the construction industry in New York City through its control over the concrete industry and construction unions, an admitted mob captain told Senators [in 1988]." "New York Public Works Projects Saddled with Mob Tax." FBI investigations implicate the Gambino crime family in a 21st Century I-95 interstate highway construction project."
Has anyone in the MSM mentioned this problem with crash spending on public works?
On topic... I wonder if those figures represent full time, employed construction workers or also include underemployed or unemployed?
I can't get to CR.
Google says
"We're sorry...
... but your query looks similar to automated requests from a computer virus or spyware application. To protect our users, we can't process your request right now. "
"I never understood his business model"
Santa is too big to fail. If he BKs, it'll make Lehman look like the tooth fairy. TARP the fat bastard. TARP him NOW.
Not One Cent writes:
The infrastructure stimulus wants to re-employ construction workers but I have not seen anyone else mention this perennial big problem with "public works" projects (added to my 12/6/08 article):
The mob hasn't been active in NY since Gotti was taken down. Guliani cleaned things up and its been fine ever since.
Not as big of an idiot as you. Most 401K's are equity investing and some allow choices such as bonds or money markets.
I would watch money markets as Hank has only guaranteed them thru December.
A lot of the money market funds are taking TARP money so they are also likely to collapse just like the stock market. Dont say I didn't warn you
Good night and good luck.
You're an idiot. Most 401(k)s come with a company match. Free money for those not so braindead to understand that a 401(k) does not equal equity investing. Go ahead and cancel your 401(k) contribution forever. I'll be glad however take my free 25% company match for doing nothing but contributing to a money market fund.
Tony writes:
The mob hasn't been active in NY since Gotti was taken down. Guliani cleaned things up and its been fine ever since.
Tony | 12.12.08 - 2:16 pm
The mob went legit and became the state and local government of Illinois.
solidarity writes:
Not as big of an idiot as you.
solidarity | 12.12.08 - 2:18 pm
You investing everything in glod and ammo there genius?
For an american worker
Investing in a 401K
Is like a chicken investing in KFC
You investing everything in glod and ammo there genius?
CD's at my local credit union
Never use a bank associated with the Wall Street pigs
solidarity writes:
Most 401K's are equity investing and some allow choices such as bonds or money markets.
I think this is true, most 401Ks offer pretty limited choices. Still well worth it if you get vested matching, IMO.
solidarity writes:
For an american worker
Investing in a 401K
Is like a chicken investing in KFC
solidarity | 12.12.08 - 2:20 pm
What happened to your 'yaf' name and 'dumb cracker' comments? Solidarity...right.
I think this is true, most 401Ks offer pretty limited choices. Still well worth it if you get vested matching, IMO.
Well worth it when the Wall Street banks eliminate your job and ship it overseas.
Or pay themselves 600,000 dollar bonuses on the average.
Where do you think the money came from
"....given a choice I would way rather bailout....."
How about NEITHER! What ever happened to personal responsibility? It is not government's function to decide who wins and who loses. The FedGov is not our MOMMY! If (fill in blank) can't hack it - survival for the rest of the herd dictates a culling. If there is a need it will be filled by resourceful people and responsive firms. If there isn't - oh well. End of game.
Haven't seen the dumb cracker on this thread.
That was one of the dumbest persons that I have ever seen. Typical snake handler from the south
wal mart's dog food isle was Packed today
pocatello, id
Right on solidarity 401k is a joke, thankfully I told my parent to pull their 403b when they retired 6 months ago, even though they hesitated.
Today they cannot thank me enough I saved them thousands of dollars in losses that the wall street dush bags would have sucked dry.
scary stories writes:
wal mart's dog food isle was Packed today
How do people have extra money for pet food? I can barely feed myself.
.....some of that pet food is pretty high in protein! I especially like the organic gravy-train mid-size bits - a few taters and Mmmmmm...
".....some of that pet food is pretty high in protein! I especially like the organic gravy-train mid-size bits - a few taters and Mmmmmm..."
Many dog owners taste just a wee bit of their pet's food just to see what the pet is getting. It's extremely bland. I don't think it would make you ill, though.
Monaghan the retired pizza tycoon - speaking of Naples - recommended calf mash for the frugal.
dog foot: hey..theres a big storm coming down from the north...maybe they are stocking up...
"What ever happened to personal responsibility? "
If people lived in a world that was reasonably well under their control, it would be fine. It doesn't work that way anymore.
I read a biography of Daniel Boone a while ago. He was a great woodsman, guide and settlement founder. But when he went into business as a tavern keeper, merchant and surveyor, he went bust at everything he tried and ended up begging for a government pension - a hand-out.
It goes back a long way.
OT- Report from the field.
Re: Currencies.
Recieved a newsletter from my main supplier via snail mail today. One item read: "Although (the manufacturer)(UK) has sent their 2009 price increases, the gain in value of the USD has been significant enough to permit substantial reductions in malt extract pricing for'09, as long as the current strength of the dollar holds. All are being reduced by 15-20%!" I guess the question is: Will it last?
ORPHAN RACE
Orphan race, cold rain descends
Will your folly never end?
What downpour of the sky erase
The long disgrace?
And yet if you would seasoned be
Walk out among the winter trees,
There is endurance in that wood,
Though dead at heart a livelihood
That green will earn
Though some may burn
And then if sodden to the skin
There is a rind that holds within
A living soul
That never winter stole
For if the sap draws to the root
By equinox to force a shoot
The life will raise
A house in leaf to praise,
Cold rain become
Encomium
-- Pavel
equinox...when my horses start shedding their winter coats..
"equinox...when my horses start shedding their winter coats.."
Where we walk in the woods there is a National Park Service police stable and paddocks. Sweet animals. We're very fond of them.
pavel..they are lovely...so forgiving
"pavel..they are lovely...so forgiving"
We've met people who volunteer in therapy programs for the disabled, in which disabled people learn how to ride. Apparently it is extremely helpful and healing.
sometimes i think moi would be disabled if it werent for the critters in the barn being happy to see me...they impart power and mobility to the disabled..
Yea. You got it. It went bust. No one wants to move to California anymore.
Sad.
Youri
Global View Today!
"The mob hasn't been active in NY since Gotti was taken down. Guliani cleaned things up and its been fine ever since."
Then many innocent people are in prison because no one bothered to tell the police and FBI that mob crime is gone.