economy

Source: www.businessinsider.com --- 36 minutes ago
Note: this data is not seasonally adjusted. There is a very distinct seasonal pattern for imports, but not for exports. LA area ports handle about 40% of the nation's container port traffic. Sometimes port traffic gives us an early hint of changes in the trade deficit. The following graph shows the loaded inbound and outbound traffic at the ports of Los Angeles and Long Beach in TEUs (TEUs: 20-foot equivalent units or 20-foot-long cargo container). Although containers tell us nothing about value, container traffic does give us an idea of the volume of goods being exported and imported. Click on graph for larger image in new window. Loaded inbound traffic was up 33.8% compared to February 2009. (up 9.5% compared to last year using three month average). Of course trade collapsed in February 2009, so this is a very easy comparison. Inbound traffic was still down 18.3% vs. two years ago (Feb 2008). Loaded outbound traffic was up 32.7% from February 2009. (+33.5% using three months average) This was also an easy YoY comparison for exports, because U.S. exports fell off a cliff in near the end of 2008. Just as with imports, exports are still off from 2 years ago (off 10.0%). And more from Ronald White at the LA Times: Trade numbers climb sharply at Southland ports Trade numbers at the ports of Los Angeles and Long Beach, the nation's busiest seaport complex, rose sharply in February compared with the same month last year, lending strength ...

Source: pittsburghtoday.typepad.com --- 41 minutes ago
Revised data issued last week on the number of jobs in the region reveal that the recession hit the Pittsburgh Region somewhat harder than originally thought. Instead of a peak job loss from December 2007 to December 2009 of 33,600, the number was actually almost 10% higher – 36,700. The health care sector added fewer jobs than earlier estimates indicated, while higher education added more, but it remained the case that those two sectors were the only major job generators during the year. Professional and business services lost significantly more jobs than originally believed as did both construction and manufacturing. Leisure and hospitality lost significantly fewer jobs than earlier data indicated, as did the financial sector. One thing that didn’t change was the fact that the biggest loss of jobs by far occurred in the manufacturing sector. Nearly half (46%) of the jobs lost here between 2007 and 2009 were in the manufacturing sector. In fact, manufacturing represented a bigger share of private sector job losses in the Pittsburgh Region than any major region in the country other than Austin, Texas. Why have we lost so many manufacturing jobs? A key reason is the kind of manufacturing jobs we have in the region. Although many people believe that the steel industry is “gone,” the fact is that the steel industry is still a major part of the region’s economy. In 2007, over 14,000 jobs in the Pittsburgh Region were in primary metals m ...

Source: www.edie.net --- 3 hours ago
Dublin should become develop a 'smart green city economy' to better deliver public services, according to the lord mayor. ...

Source: get-blogging.com --- 5 hours ago
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