#324. You decide…Posted on | The Agurban
We have received a lot of economic data over the past couple of weeks. Some of it good; some bad. Some interesting. Some confusing. Some downright aggravating. We are sharing it below. You can decide how you would categorize it!
· Non-farm payrolls increased 216,000 in March. Revisions to January/February added 7,000, bringing the net gain to 223,000. The consensus expected a gain of 190,000. (bls.gov)
· The unemployment rate fell to 8.8% in March from 8.9% in February. (bls.gov)
· If U.S. manufacturing were a national economy, it would be the eighth largest in the world, worth $1.6 trillion a year, according to Bank of America Merrill Lynch.
· About 11.5 million Americans, or 8 percent of the workforce, currently hold manufacturing jobs; 50 years ago 14.6 million people, or 28 percent of the workforce were in manufacturing. (institutionalinvestor.com)
· Since 1974, U.S. manufacturing output in inflation-adjusted dollars, more than doubled, while manufacturing employment dropped by more than 26 percent. (institutionalinvestor.com)
· Today, in America, there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). (wsj.com)
· More than 35 percent of the US population received entitlement dollars or is on the government payroll, up from 20% in 1966. (kpcb.com)
· In China, the household savings rate is 36 percent. In the USA, the personal savings rate (defined as a percent of disposable income) was 6 percent in 2010, and only 3 percent from 2000 to 2008. (kpcb.com)
· Government spending on healthcare now consumes 8.2% of GDP, compared with just 1.3% fifty years ago. (kpcb.com)
· In terms of Social Security – in 1950, 100 workers supported six beneficiaries; today, 100 workers support 33 beneficiaries. (kpcb.com)
There you have it! This is just a sampling of the various pieces of economic news we receive on a regular basis. We will continue to share!