economic data july 2011

US Economic Data

As of August 2011Reflective of the Bureau of Labor Statistics’“The Employment Situation – July 2011”

Employment Increases Surprise Nationwide Economists

JOBS GAINED IN JULY

UNEMPLOYMENT RATE

WORST UNEMPLOYMENT RATE SINCE

117,000

9.1%

1983*Current recession excluded

EMPLOYMENT INCREASES SURPRISE NATIONWIDE ECONOMISTS

Unemployment Rate Declines to 9.1%

Source: BLS

UNEMPLOYMENT RATE DECLINES TO 9.1%

Source: CNNMoney.com

The Job Market Improves Considerably as 117,000 Jobs are Added in JulyTHE JOB MARKET IMPROVES CONSIDERABLY AS 117,000 JOBS ARE ADDED IN JULY

July Unemployment Rates Remain Near 30-Year High

Source: CalculatedRiskBlog.com

JULY UNEMPLOYMENT RATES REMAINNEAR 30-YEAR HIGH

8.7 Million Jobs Lost in 2008…117,000 Jobs Created in July 2011. Progress Must Continue – And for the Long Run

Sources: Bureau of Labor Statistics & MSNBC.com

8.7 MILLION JOBS LOST IN 2008…117,000 JOBS CREATED IN JULY 2011. PROGRESS MUST CONTINUE – AND FOR THE LONG RUN

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Source: Economix.Blogs.NYTimes.com

JULY 2011 – THE LONGEST AVERAGE UNEMPLOYMENT DURATION (40.4 WEEKS) ON RECORD

Sources: Bureau of Labor Statistics via Haver Analytics & Economix.Blogs.NYTimes.com

Private-sector Job Growth (Blue) vs. Population Growth (Red), August 2009 – July 2011

PRIVATE SECTOR EMPLOYMENT INCREASES AT FASTER RATE THAN U.S. ADULT POPULATION GROWTH

Sources: Bureau of Labor Statistics, via Haver Analytics & Economix.Blogs.NYTimes.com

Employment-population Ratio Figures, August 2009 – July 2011

UNITED STATES EMPLOYMENT – POPULATION RATIO REACHES 28-YEAR LOW

State and Local Governments Continue to Cut Jobs

Sources: Bureau of Labor Statistics, via Haver Analytics & Economix.Blogs.NYTimes.com

Government Employment Figures, August 2009 – July 2011

STATE AND LOCAL GOVERNMENTS CONTINUE TO CUT JOBS

Sector Changes Observed in July

Source: BLS

SECTOR CHANGES OBSERVED IN JULY

9.1%

4.3%

8.3%

9.3%

15.0%

National average

College educated

Some college

High school diploma

Less than high school

Source: BLS

EDUCATION REMAINS A JOB SEARCH DIFFERENTIATOR…

Source: BLS

A SNAPSHOT OF METROPOLITAN UNEMPLOYMENT FIGURES

Source: WhiteHouse.Gov

PRIVATE PAYROLL EMPLOYMENT FIGURESJULY 2008 – JULY 2011

Job growth improves, unemployment rate decreases…

Opportunities •117,000 jobs were generated throughout the nation in July alone.

•The unemployment rate dropped from 9.2% to 9.1%.

•Average hourly earnings for all employees increased by 0.4 percent to $23.13, as earnings have increased by 2.3 percent during the last year.

•In July, private employers hired 154,000 professionals throughout the United States.

Weaknesses•Only 1.9 million of 8.7 million jobs lost since 2008 have actually been

recovered.

•13.9 million Americans are currently unemployed – more than 40 percent of such individuals have been without work for more than six months.

•The nation’s Employment-population Ratio Figure is currently 58.1%, the lowest rate in 28 years.

In Summary

IN SUMMARY

Global Economic Data

As of July 2011

Source: DismalScientist.com

BRAZIL’S CONSUMER PRICE INDEX

Source: DismalScientist.com

EURO ZONE GDP

Source: DismalScientist.com

GERMANY’S EMPLOYMENT PICTURE

Indonesia’s GDP

Source: DismalScientist.com

INDONESIA’S GDP

Source: DismalScientist.com

NEW ZEALAND’S EMPLOYMENT SITUATION

Source: DismalScientist.com

SPAIN’S INDUSTRIAL PRODUCTION

Taiwan’s Consumer Price Index

Source: DismalScientist.com

TAIWAN’S CONSUMER PRICE INDEX

United Kingdom’s Halifax Housing Price Index

Source: DismalScientist.com

UNITED KINGDOM’S HALIFAX HOUSING PRICE INDEX

Venezuela’s Consumer Price Index

Source: DismalScientist.com

VENEZUELA’S CONSUMER PRICE INDEX