Aug 27, 2017.
Race against time. The most expensive working group lost the most jobs in 2010-2016.
(Click on the image to enlarge) Over the past 7 years, 45-54-year age-group lost more job than any other age group. This is the age when an employee’s earnings peak. Source for this chart: The Economist.
Although unemployment is historic low, even the president of United States doesn’t believe in those numbers. There is some truth to it: wages are not rising although there is a very tight supply of workforce. One should expect the wage growth to go back to 3.5%, the rate before recession, but it’s stuck at 2.5% and that’s very puzzling to economists. The latest trend is to blame baby-boomer. The theory goes like this: Baby-boomers started retiring around 2007. The younger workers filling those experienced and higher paying jobs are not paid as much as the baby-boomers. At least in the short terms. And since lots of those high paying baby boomers with higher income left the work force, that resulted in even more shrinking in the the higher paying age-group, and thus lower wage growth. And since those workers are no longer actively looking for jobs, they do not show up in the unemployment calculation.
In general, because experienced workers are most expensive, there is always a strong incentive to cut this part of the personnel cost. In fact, layoffs are so common across the US that there is a dedicated website called www.thelayoff.com with over 700k visitors each month. The most recent high profile layoffs were in the tech sector with Intel, AT&T, Microsoft & IBM leading the pack. And if you feel frustrated, this is a good place to blow the steam with the like minded colleagues (and apparently it’s all unanimous!).
Aug 29, 2017 – US household – time spent in daily chores, 2016
Aug 28, 2017 – US household leisure & sports time, 2016
Aug 27, 2017 – Peak earning vs age, 2010-2016
Aug 26, 2017 – Price change for TVs, Computer, Internet, Cable & Software, 1996-2015
Aug 25, 2017 – Number of rental units in Silicon Forest, Tanasbourne, Portland Metro
Aug 24, 2017 – Vacancy rates, for rental & homeowner houses (1980-2015)
Aug 23, 2017 – Rate of homeownership & number of renters, 1990-2015
Aug 22, 2017 – Comparison of $100k with mortgage vs S&P vs rent, $100k from Jan 2010 to Jun 2017
Aug 21, 2017 – no chart
Aug 20, 2017 – Construction productivity vs other industries (The Economist)
Aug 19, 2017 – no chart
Aug 18, 2017 – no chart
Aug 17, 2017 – Worth of money in parallel worlds (with housing leverage), $100k from Jan 2010 to Jun 2017
Aug 16, 2017 – no chart
Aug 15, 2017 – Worth of money in parallel worlds (long term trend), starting with $100k in Jun 1996
Aug 14, 2017 – Worth of money in parallel worlds, value of $100k invested in Jan 2010 worth in Jun 2017
Aug 13, 2017 – US consumer price index (cost-of-living index or inflation) – (2007-2017)
Aug 12, 2017 – US unemployment rate & wage growth (2010-2017)
Aug 11, 2017 – US home price change by state (1976-2017 & 2016-2017)
Aug 10, 2017 – Inflation plotted with US Treasury & Mortgage rates (2010-2016)
Aug 9, 2017 – US Treasury and Mortgage rates (2010-2016)
Aug 8, 2017 – Household credit score versus time (2001-2016)
Aug 7, 2017 – Monthly mortgage payment across key US metro regions (2012-2016)
Aug 6, 2017 – Good time to buy or good time to sell? Fannie Mae’s monthly Home Purchase Sentiment Index (R)
Aug 5, 2017 – Buy versus Rent – Trulia’s calculator (Apr 2017)
Aug 4, 2017 – Annual change in US home prices across top 20 cities (May 2011- May 2017)
Aug 3, 2017 – Best time to get a deal: time period when best discounts are available in housing market
Aug 2, 2017 – Clark County, Washington state (Portland Metro area, OR) single family home prices (2012-2017)
Aug 1, 2017 – Multnomah County (Portland Metro area, OR) single family home prices (2012-2017)
July 31, 2017 – Washington County (Portland Metro area, OR) single family home prices (2012-2017)
July 28, 2017 – US home prices 1890-present
July 27, 2017 – Median house price for Portland Metro neighborhoods
July 26, 2017 – Average rent for Portland Metro region
July 25, 2017 – Path of total solar eclipse through Oregon
July 24, 2017 – Portland metro area household income by region