Posts Tagged ‘manufacturing states’

Regional Employment Report: Unemployment Rate up in 30 States, Down in 9; Manufacturing States Benefit Most

Regional Employment Report: Unemployment Rate up in 30 States, Down in 9; Manufacturing States Benefit Most

Courtesy of Mish 

In a headline trumpeting the wrong thing, Bloomberg is reporting Unemployment Decreased in Nine U.S. States in January.

The unemployment rate decreased in nine U.S. states in January and climbed in 30, signaling the thawing of the labor market is not broad-based.

The jobless rate in Michigan showed the biggest drop, falling to 14.3 percent, still the highest in the nation, from 14.5 percent in December, according to figures issued today by the Labor Department in Washington. New York and New Jersey were among eight states where unemployment decreased by a tenth of a point.

A national unemployment projected to average 9.8 percent this year signals state budgets will be strained by decreases in tax revenue and rising jobless insurance payments. The loss of 8.4 million jobs since the recession began in December 2007 means the labor market in the world’s largest economy will take years to rebound.

“This is a recovery that’s really kind of concentrated,” said Steven Cochrane, director of regional economics at Moody’s Economy.com in West Chester, Pennsylvania. “It still portends weakness in income-tax revenue and sales-tax revenue into fiscal year 2011.”

Unemployment in the Detroit area, home to General Motors Co. and Ford Motor Co., dropped to 15.3 percent from 16 percent in December, contributing to the decrease in Michigan’s jobless rate.

States showing the most improvement in coming months will probably be those with a large manufacturing base, said Moody’s Economy.com’s Cochrane. The need to rebuild inventories and growing exports is propelling a factory rebound that will help some parts of the country over others, he said.

Unemployment in California, Florida, Georgia, North and South Carolina and the District of Columbia climbed to the highest levels since records began in 1976.

Regional and State Report

With that backdrop let’s take a look at the actual data from the BLS Regional and State Employment and Unemployment Report for January 2010.

Thirty states and the District of Columbia recorded over-the-month unemployment rate increases, 9 states registered rate decreases, and 11 states had no rate change, the U.S. Bureau of Labor Statistics reported today. Over the year, jobless rates increased in all 50 states and the District of Columbia. The national unemployment rate fell from 10.0 percent in December to 9.7 percent in January, but was up


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Phil's Favorites

How Microsoft's Activision Blizzard takeover will drive metaverse gaming into the mass market

 

How Microsoft’s Activision Blizzard takeover will drive metaverse gaming into the mass market

Ready Player 1,000,000,0001? Sergey Nivens

Courtesy of Theo Tzanidis, University of the West of Scotland and Matthew Frew, University of the West of Scotland

Microsoft was positioning itself as one of the pioneers of the metaverse even before its US$75 billion deal to buy online gaming giant...



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Politics

Ukraine got a signed commitment in 1994 to ensure its security - but can the US and allies stop Putin's aggression now?

 

Ukraine got a signed commitment in 1994 to ensure its security – but can the US and allies stop Putin’s aggression now?

A Ukrainian soldier uses a periscope to view the positions of Russian-led forces on Dec. 12, 2021, in Zolote, Ukraine. Brendan Hoffman/Getty Images

Courtesy of Lee Feinstein, Indiana University and Mariana Budjeryn, Harvard Kennedy School ...



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Zero Hedge

Panasonic Eyes "Mass Production" Of New Battery For Tesla With 20% Higher Range

Courtesy of ZeroHedge View original post here.

Longtime Tesla partner Panasonic looks once again to be slated to produce new lithium-ion batteries for the EV automaker.

The company is going to be entering into "mass production" by 2023 in order to try and keep up with battery makers from China and South Korea. The new Panasonic batteries are expected to boost the range of EVs by 20% by 2023, according to a ...



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ValueWalk

Rowan Street 2021 Year-End Letter

By Jacob Wolinsky. Originally published at ValueWalk.

Rowan Street commentary for the year ended December 31, 2021.

Q4 2021 hedge fund letters, conferences and more

“Nobody buys a farm based on whether they think its going to rain next year. They buy because they think its a good investment over 10 or 15 years. It’s the same with stocks. Think of stocks as a part ownership of a business. It’s not that complicated.” - Warren Buffett

Dear Partners,

I think we can all agree that since the pandemic started in the beginning of 2020, it has been a very challenging op...



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Kimble Charting Solutions

Major Stock Market Indices Reach Critical Impasse!

Courtesy of Chris Kimble

Today’s chart 4-pack illustrates why the broader stock market has reached a critical juncture this month.

Investors are feeling the heat from recent selling. Why?

Well, as the “monthly” charts above show, the Dow Industrials, Dow Transports, Dow Utilities, and NYSE Composite have reached long-term overhead price resistance.

While the long-term trend is still “up”, it isn’t surprising to see some selling here. That said, bulls worries will go from a correction to a bear market if selling really kicks in to end the month. Just a theory of mine!

Active investors will likely benefit from both caution and patience in the days/weeks ahead. Stay tuned!...



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Biotech/COVID-19

Here's where (and how) you are most likely to catch COVID - new study

 

Here’s where (and how) you are most likely to catch COVID – new study

VGstockstudio/Shutterstock

Courtesy of Trish Greenhalgh, University of Oxford; Jose-Luis Jimenez, University of Colorado Boulder; Shelly Miller, University of Col...



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Chart School

Bitcoin Swings Down to Support

Courtesy of Read the Ticker

Come on! Seriously do you think a 400% rally for Bitcoin was going to be given to the public easily. Without any pain! Come on muppets!



The uniformed (public) buy when price is rising or breaking new highs, the informed buy when price is falling or breaking lows.



The informed have to do it this way as they are large volume players and the only way they can buy large volume is to create chaos. The chaos brings to the market the weak holders and a forced sell. Price is moved to where the volume can be accumulated, in a bull trend that is down to critical support.



Of course if price is in a true bull market the 'chaos' created should not break critical long term trend signals, ...



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Digital Currencies

The metaverse is money and crypto is king - why you'll be on a blockchain when you're hopping

 

The metaverse is money and crypto is king – why you’ll be on a blockchain when you’re virtual-world hopping

In the metaverse, your avatar, the clothes it wears and the things it carries belong to you thanks to blockchain. Duncan Rawlinson - Duncan.co/Flickr, CC BY-NC

Courtesy of Rabindra Ratan, Michigan State University and Dar Meshi, Michigan State University ...



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Promotions

Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:

 

 

&n...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

http://www.insidercow.com/ more from Insider





About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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