December 2011 Retail Sales increased 0.1%. Minus autos & parts retail sales dropped -0.2%. November retail sales were revised up to 0.4% from 0.2%. Retail sales are up 6.5% from the same time last year. Electronics and Appliance stores plunged -3.9% during December, the holiday season. Gas sales dropped -1.6%. Retail sales are reported by dollars, not by volume, so dropping prices often reports as a decline in sales.
A flurry of studies have been released telling us what we already know. America is not the land of opportunity for most folk.
Social mobility is the ability to rise or fall economically in relation to one's peers. Increased social mobility implies people get ahead by their own efforts.
JOLTS stands for Job Openings and Labor Turnover Survey. The November 2011 statistics show there were 4.22 official unemployed people hunting for a job to every position available*. There were 3,161,000 job openings for November 2011, a decrease of -1.95%, from the previous month of 3,224,000.
The Federal Reserve's consumer credit report for November 2011 shows a 9.9% monthly increase in consumer credit. Revolving credit increased 8.5%, and nonrevolving credit increased 10.7%. Seems the financial sector said release the Credit Kraken!
With the New Hampshire primary coming round tomorrow, we're finally seeing a few solid articles worth reading. Some Journalists are digging deep into a few Republican candidates' background and economic philosophies. We pulled up a few articles worth your eyeballs to read in a sea of spin, polls and gotchas.
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
Whole Foods - Made in China
Spending $8 bucks a pound for organic grapes? Think again. This video report shows Grocery chain Whole Foods so called organic foods are actually imported from China. Check out what happens with organic inspection and certification when food is imported.
December's unemployment report had a little indicator of better news. A recession indicator, those forced into part-time hours due to slack economic conditions just plummeted. Overall, people being forced into part-time jobs declined by 371,000 in a month, to a tally of 8,098,000 people.
The December 2011 monthly unemployment figures show the official unemployment rate dropped -0.2 percentage points to 8.5% and the total jobs gained were 200,000. Total private jobs came in at 212,000. Government jobs dropped -12,000. Temporary jobs also dropped -7,500. All other major job categories had payroll gains. Manufacturing gained a much needed 23,000 jobs.
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
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