As go jobs, so goes housing?

From DS News:

Are Low Foreclosure Rates Due to the Job Market?

With foreclosure starts being at their lowest level since 2000, Fannie Mae reports that the major drop in foreclosures can be tied to a number of economic factors, but the major reason is the jobs market.

Fannie Mae economist, Orawin Velz says one of the most common reasons people fall behind on mortgage payments is unemployment. During the last recession, there was an increase in the unemployment rate, which contributed to rising foreclosure rates, she says.

“If you lose your job, it doesn’t take much to stop paying your mortgage,” she says.
Recent data from the Labor Department shows the national unemployment rate was 4.9 percent in July, compared to its peak during the recession of 10 percent in October 2009.

“Now, we’re in the opposite stage,” she says. “The labor market has been healing, and the unemployment rate has been declining.”

Fannie Mae shares that while nationally, the foreclosure spectrum is improving, there are still some states that are seeing an increase in foreclosure rates in the past six months, such as Alaska, Wyoming, and North Dakota.

The report notes that despite the states, nationally, the percentage of loans in any part of the foreclosure process at the end of the first quarter was 1.74 percent. This data is a reported 48 basis points lower from a year ago as well as the lowest since the third quarter of 2007.

Fannie Mae reports that while first-time foreclosures are the lowest since 2000, Ben Graboske, data and analytics executive vice president at Black Knight says over half of all foreclosure starts are coming from mortgages that have already been in active foreclosure at least once before, and nearly 60 percent of new serious delinquencies are from pre-2008 vintage loans.

“What we’re seeing with regard to new foreclosure starts — and the bulk of all new troubled loans, in fact — is that they’re largely still a remnant of the crisis,” Graboske says.

This entry was posted in Economics, Employment, National Real Estate. Bookmark the permalink.

82 Responses to As go jobs, so goes housing?

  1. GOP's broken (the good one) says:

    @vicenews

    Donald Trump has paid $7.7 million in campaign contributions to his own companies and children

  2. D-FENS says:

    @MonmouthPoll
    BREAKING: Ohio
    Prez: HRC 43 / DJT 39 / GJ 10 / JS <1
    Sen: Portman 48 / Strickland 40http://www.monmouth.edu/polling-institute/reports/MonmouthPoll_OH_082216/ …

    GOUSAAmer114 @GOUSAAmer114
    @MonmouthPoll @PollsterPatrick In your actual poll, Patrick, Trump led 41-39. But you re-weighted solely by Party ID. PDF pg 6, 7. You dawg!
    2:16 PM – 22 Aug 2016

  3. Ben says:

    I don’t agree, ben. You are telling me that the level of corruption is so large that these inner cities are broke only due to the corruption of politicians? WTF? How the hell are they taking that kind of money out of the system? You are talking serious money. I put the blame on the economic system. There is corruption, but the corruption does not siphon off 100% of the money, not even close to 25% of the money. Might not even be 10%. There is no way you can get away with the level of corruption you imply.

    Are you done just making crap up? Go look at Zuckerberg’s 100 million dollar donation to the Newark Schools. It all was eaten up faster than Joey Chestnut eats hot dogs at Coney Island. They hired an army of “consultants” at $1000 a day. Consultants have almost no business in the school system. If they are in it, they are parasites. They certainly don’t command that type of wage. Those wages were given out to politically connected people and I wouldn’t be surprised if everyone one of those “consultants” had some sort of kickback involved.

    But then again…I thank you for proving my point. Much like you, the rest of the people that firmly stand behind the party you are defending has their head in the sand and pretends it doesn’t happen.

  4. D-FENS says:

    Dude’s timeline is hilarious.

    https://twitter.com/PollsterPatrick

  5. GOP's broken (the good one) says:

    @BraddJaffy
    Trump qunitupled his campaign’s Trump Tower rent — once his donors started footing the bill

    “Trump nearly quintupled the monthly rent his presidential campaign pays for its headquarters at Trump Tower to $169,758 in July, when he was raising funds from donors, compared with March, when he was self-funding his campaign”

  6. GOP's broken (the good one) says:

    proof that education should be handled by the govt and not with donations.
    just like with healthcare. or the army

    it requires a well- established institutional framework. no bandaids

    Ben says:
    August 23,

    Go look at Zuckerberg’s 100 million dollar donation to the Newark Schools.

  7. Essex says:

    Rode up 23 by Vernon yesterday…commercial property follows residential…? Maybe that’s a valid comparison.

  8. FOX's broken (the good one) says:

    @mckaycoppins

    Former Fox host Andrea Tantaros files lawsuit claiming retaliation for harassment complaints

    A suit filed by Andrea Tantaros, a former Fox News host, says the network “masquerades as a defender of traditional family values, but behind the scenes, it operates like a sex-fueled, Playboy Mansion-like cult.”

  9. Ottoman says:

    not that I agree with this neoliberal Sh!thead’s vision to turn America’s schools into a cash pipeline for the private sector but Zuckerberg disagrees with you that his $100 mill was wasted. Looks like you’re the one making crap up, Bennie.

    In his own words–

    Graduation rates in Newark have increased 13 percentage points — up from 56% to 69% — a large improvement in just a few years,” he wrote. ” We expect these rates to keep increasing as more students go through the improved schools.”

    He also spoke to the strength of the charter school network in Newark, stating that, “Newark’s charter schools now rank as the 2nd highest performers in the nation.”

    And, citing a study by the Center on Reinventing Public Education, he said that Newark public school students perform better than students from similar backgrounds in other areas.

    BTW, the only thing that fixes schools is the dismantling of poverty. If America stopped extracting blood from its poorest citizens through fines and hyper incarceration, all schools would be doing just fine. But you continue believing the lie that schools are bad since that’s what your corporate overlords want you to think so they can privatize and profit off them.

  10. chicagofinance says:

    ottoman: I know you were using a quote, but “hyper incarceration”?

    There are laws…you break them to the extent that you can be convicted in court……WTF is the mystery or injustice? Yeah there are always exceptions and anecdotes, but the behavior is systemic and widespread to the point that there is no reasonable rationalization other than the obvious……

  11. Ben says:

    Sorry, Otto, I’ll go with the reported numbers over his pathetic attempt to save face.

    Consultants: $21 million
    Various local initiatives: $24.6 million

    If you don’t think that screams MASSIVE waste, you’re blind. And FYI, graduation rate is probably the most useless statistic in a schools performance. As a teacher, I know, we graduate any kid that is breathing by the end of 4 years. I’ve watched admin graduate kids that skipped class 100% of the time. Hell, I skipped at least one class every friggin day and graduated high school. I’d be interested to see if we see any uptick in SAT scores. If not, I’m not buying into his bullsh*t PR.

    As far as that monumental improvement…congrats Newark, you now graduate 7 out of 10 kids instead of 6 out of 10. Those aren’t results that we can tout as success. Pretty much everyone agreed that Zuckerberg’s donation was squandered. If it wasn’t, he would have been fighting that message left and right the second it came out. Instead, he sat back for 4 or 5 years and quietly tried to claim success. Listen…I don’t begrudge him for trying to make a difference. Unfortunately, the Newark school system is run by a tangled web or corrupt hacks that has done nothing to help the situation.

    Listen, I’ve been in an environment where admin make all the wrong decisions 100% of the time. Usually, that’s all they do in nearly EVERY school district in the state. The difference is, in the suburbs, we at least have kids willing to work hard and teachers working to overcome the sh1tshow that is admin. In Newark, as hard as the teachers work, it’s not a winnable situation.

  12. Fast Eddie says:

    BTW, the only thing that fixes schools is the dismantling of poverty. If America stopped extracting blood from its poorest citizens through fines and hyper incarceration, all schools would be doing just fine.

    It starts in the home. No outside intervention can take the place of discipline and guidance. Keep str0king yourself, though.

  13. Homeboken says:

    Re: Zuck and Newark- Grim mentioned his desire to read The Prize which goes in depth on this topic. Due to his mention I grabbed a copy and read it, I suggest you do the same and then report back to let us know if you think the Zuck money was wasted or not. Hint – it was wasted.

  14. Essex says:

    Very few people would argue if you have a complete psychopath who is incapable of functioning in the school environment it is best to just award them a diploma.

  15. Steamturd thinking Cankles should be included in the hyper incarceration says:

    Corporate Overlords? Like the ones contributing to the Clinton Foundation?

  16. Essex says:

    DEWITT, N.Y. — Of all the pronouncements that Gov. Andrew M. Cuomo has made about creating jobs in upstate New York, perhaps the most fanciful came in the state’s decision to spend $15 million to build a high-tech film studio in Onondaga County.
    The studio — called the Central New York Hub for Emerging Nano Industries — would create at least 350 high-tech jobs, and would, according to Mr. Cuomo, effectively bring Hollywood to central New York.
    “Who would have ever figured?” the governor mused at the announcement ceremony in 2014.
    Almost nobody, apparently. Most of the governor’s optimistic predictions have not yet come to pass. While construction of the film hub was completed last summer, the building sits essentially vacant, and the hub has exactly two employees who work full time, including a cinematographer, Huayu Xu, recently hired to manage and promote the project.
    No films made it to the multiplex: Nearly two and a half years after the governor’s announcement, the hub’s anchor tenant, FilmHouse, has yet to release a production, and its president and other executives have been dogged by lawsuits, tax liens and seven-figure legal judgments.
    The state’s investment in the Central New York Hub, in many ways, embodies the Cuomo administration’s pledge to revive the economy outside the New York City area, often by offering tax breaks and capital investments to lure or maintain businesses.

  17. Ben says:

    The only place the corporations have managed to infiltrate the school systems and directly suck the money from them via the Board of Ed has been in inner cities. Sure, we all have to cater to Pearson and take PARCC, but the Abbott districts and Charter schools are the only ones directly paying people for services and curriculum. Educational consultants don’t do anything other than collect free money.

  18. Essex says:

    But…but..Pedagogy?!?

  19. Outofstater says:

    In the Newark, Linden and perhaps other districts, the minimum passing grade is 60. In schools I am familiar with, the minimum passing grade is 70. I was sad to see that my blue collar NJ high school has also dropped its passing grade to below 70. Is that the trend now? Lower the standards to make your stats look better?

  20. Essex says:

    you don’t want a backlog of 18 year-olds in Eng 101

  21. Essex says:

    Kayla Marisa Seloff (left), 22, of Houston, had sold the house, in the 200 block of East Castle Harbour Driver in Friendswood, Texas, on Friday. But the following morning, police responded to a call from a concerned neighbor and found Seloff there with Joshua Leal (right). Police arrived at the scene and spotted the pair lying on the floor in a ‘passionate rendezvous.’ Seloff told officers that she and Leal, 27, of Friendswood, were married and they had just bought the home the day before. But when officers escorted them to their car to get their IDs and Seloff opened the door, police say they smelled marijuana and saw a glass pipe on the dashboard. Seloff and Leal were charged with criminal trespassing with both their bonds set at $1,000.

  22. Steamturd thinking Cankles should be included in the hyper incarceration says:

    “Lower the standards to make your stats look better?”

    How do you think every college in 1990 became a university by 2000.

  23. Greater TheoryGuy says:

    Yes, is political backscratching, payback and is wasteful. Where you stand on the ideological spectrum dictates whether you like it or not. Aid to Newark wasteful invade Iraq, Syria and the rest of M.E. money well spent or it could be vice versa.

    Point is many politician try as they can to do something about it, with what they got.

    Cuomo’s Dewitt movie hub, is an attempt to at least do something in the equivalent of upstate white men’s Detroit. To really fix it you would need to deal with a lot bigger issues (trade, taxes ,etc) that no one is able to deal with. So at least Cuomo tried. Maybe what the Dewitt movie hub need is a guy community to move in, or it should have been built near one, something like what Asbury Park is becoming. So the studio would have been put to good use making artsy fartsy films and having movie festivals.

    Same with Newark. Is anyone going to fixed the social/economic pathologies building for centuries?. The best thing to do in Newark is to get the kids out of those pathologies. Hey maybe everyone has been going about it the wrong way. Instead of fixing the schools in Newark, how about we ship the kids to full expense paid to boarding schools to get them out the pathological environment. If its good enough for the wealthy WASP is good enough for Newark. Even, if Communist and Fascist governments did the same to kids of iffy ideological true believer parents, so they would be immerse in 100% true believers.

  24. Greater TheoryGuy says:

    Gay community not guy. My bad.

  25. Essex says:

    25. username…checks out.

  26. chicagofinance says:

    M#Mansions Define Ugly in a New Way: They’re a Bad Investment
    Shoddy construction, ostentatious design—and low resale values.

  27. Outofstater says:

    24. Don’t know. My dad always said an institution can call itself a university when it has at least five colleges, has a few professional programs and confers PhD’s. He also told me never to consider a school that had a library of less than a million volumes and dinner on New Year’s Day is traditionally served during halftime of the Rose Bowl.

  28. chicagofinance says:

    the spam is actually easier to tolerate than pumpsh!t

  29. The Great Pumpkin says:

    Great post! Esp this part. Too bad a lot of people don’t understand this.

    “BTW, the only thing that fixes schools is the dismantling of poverty. If America stopped extracting blood from its poorest citizens through fines and hyper incarceration, all schools would be doing just fine. But you continue believing the lie that schools are bad since that’s what your corporate overlords want you to think so they can privatize and profit off them.”

  30. The Great Pumpkin says:

    Yes, let’s put this guy in office so he really sticks it in our a$$. You have to be a fuc!ing idiot to vote for this guy as your president. Biggest scammer out there. Has not made any money on a real business idea, he made all his money off scamming idiots. His biggest scam to date is conning uneducated white folk to make him president. This guy makes me sick! The guy started a for profit school called “trump university” for god’s sake. Are you people serious trying to put this guy in the position of president?
    WAKE THE FU!K UP BEFORE YOU DESTROY THIS COUNTRY.

    GOP’s broken (the good one) says:
    August 23, 2016 at 8:23 am
    @BraddJaffy
    Trump qunitupled his campaign’s Trump Tower rent — once his donors started footing the bill

    “Trump nearly quintupled the monthly rent his presidential campaign pays for its headquarters at Trump Tower to $169,758 in July, when he was raising funds from donors, compared with March, when he was self-funding his campaign”

  31. The Great Pumpkin says:

    Waste? You are the one advocating for waste. You want to hold back losers so that you can waste more money on them by paying for more years of wasted schooling? Are you serious? You know how much you would drive up taxes if you didn’t just push these losers through? Do you know how large the inner city school populations will be if we take up your bright idea?

    “If you don’t think that screams MASSIVE waste, you’re blind. And FYI, graduation rate is probably the most useless statistic in a schools performance. As a teacher, I know, we graduate any kid that is breathing by the end of 4 years. I’ve watched admin graduate kids that skipped class 100% of the time. Hell, I skipped at least one class every friggin day and graduated high school. I’d be interested to see if we see any uptick in SAT scores. If not, I’m not buying into his bullsh*t PR.”

  32. The Great Pumpkin says:

    In which way would this money have been spent without you describing it as “wasted?” What would be an example?

    Homeboken says:
    August 23, 2016 at 10:20 am
    Re: Zuck and Newark- Grim mentioned his desire to read The Prize which goes in depth on this topic. Due to his mention I grabbed a copy and read it, I suggest you do the same and then report back to let us know if you think the Zuck money was wasted or not. Hint – it was wasted.

  33. The Great Pumpkin says:

    You hit the nail on the head. That’s why it is impossible for govt to make everyone happy. What makes one group happy makes another group angry. One group wants big govt, another wants small govt, and another wants no govt. You get the idea. I have to say, American govt does an absolute stellar job of making such a diverse population happy, it’s not perfect, but a pretty damn good job of keeping the populace somewhat happy.

    “Yes, is political backscratching, payback and is wasteful. Where you stand on the ideological spectrum dictates whether you like it or not. Aid to Newark wasteful invade Iraq, Syria and the rest of M.E. money well spent or it could be vice versa.”

  34. HEHEHE says:

    Trump has Trump University. Clinton has the Clinton Foundation. Trump is enriching himself through his campaign funds. Clinton donate $1M to the Clinton Foundation that employs her husband and daughter then declared it as charitable tax deduction. I am seeing a trend here.

    Anyone who thinks there’s a difference in the moral fiber of these two candidates is an abject moron. To get emotional in an argument for or against either boggles my mind.

    That being said, while I am not voting for him, I do hope of the two Trump wins just for the ensuing entertainment value.

  35. 3b says:

    49 pumps: so we can start with Wayne. Let’s bus kids from the inner city to Wayne. Good schools bucolic setting. Take the first step. You can be a part of the solution instead of just talking about it.

  36. D-FENS says:

    Rut roh. Spam filter no workey.

  37. The Great Pumpkin says:

    That won’t solve anything. What don’t you understand, it’s the not the schools. It’s because they are poor, so they do not have the support at home to succeed. That’s why education is so expensive in the inner city, you must supplement everything for these kids, and still that doesn’t always overcome the negative effects that come about from the poverty in their life.

    We judge our inner city schools as failures based on a comparison with their ultra wealthy peers in the suburbs. Why are we making this comparison? How about we compare the performance of poor districts in other states to our own poor districts performance. Then we can start to make comparisons based on whether we are improving or going backwards. No, instead we stick to comparisons that tell us our inner city schools are failing because they are not at the same level as their wealthy peers in the suburbs…..no sh!t, sherlock!

    3b says:
    August 23, 2016 at 2:38 pm
    49 pumps: so we can start with Wayne. Let’s bus kids from the inner city to Wayne. Good schools bucolic setting. Take the first step. You can be a part of the solution instead of just talking about it.

  38. 3b says:

    85 so move them into Wayne good town. Good schools right? Be part of the solution.

  39. D-FENS says:

    Donald Trump Asks Black Voters “What The Hell Do You Have To Lose?” REACTION From A Black Guy

    https://www.youtube.com/watch?v=k7tSKoFRvgw

  40. If solid wastes are not collected and permitted to accumulate, they may possibly create unsanitary situations.

    My site … leach field pipe lowes

  41. Tera says:

    As new raw sewage enters the tank, the old wastewater is
    displaced and pushed toward the drain field.

    My site solid waste disposal act 1965 [Tera]

  42. Jacelyn says:

    For properties connected to city sewer systems,
    these lint fibers are a major lead to solid waste disposal act of 1976 [Jacelyn]
    sewer pipe and drain clogs, which can cause flooding in laundry rooms and basements.

  43. The Great Pumpkin says:

    So you are basically saying that poverty has nothing to do with it, and putting all the blame on inner city schools. Move those poor kids to wayne schools, that will automatically mean they will now do good in school. School choice is a joke, it does nothing about the real problem which is poverty. Poverty and lack of education go hand and hand. Since you now moved these poor kids to wayne schools, wayne must now introduce a bunch of programs to supplement the lack of parent involvement at home to keep these students on par with the students from wayne. What exactly is changing the school going to do?

    3b says:
    August 23, 2016 at 3:13 pm
    85 so move them into Wayne good town. Good schools right? Be part of the solution.

  44. A cesspool is an excavation or non-watertight unit that receives untreated, water-carried, liquid human solid waste disposal
    act amendments of 1980 (spbrounds.com) from a home
    or company permitting direct discharge into the soil.

  45. Captain Nom Deplume, Besotted Rummy says:

    Wow, truncated the thread to deal with the bots (and some pumpkin)

    Taken with grains of salt, this from a list of munis with highest rates of job loss. Number one is:

    “1. Atlantic City-Hammonton, NJ
    > Employment decline: -6.8%
    > Number of jobs June 2012: 122,981
    > Number of jobs June 2016: 114,580
    > Unemployment rate June 2016: 7.4%

    The Atlantic City-Hammonton metro area leads the nation for job losses, with a four-year employment decline of 6.8%. Many of the jobs lost in the area were in its largest sector, leisure and hospitality. Employment in the leisure and hospitality industry fell by 21.9%, one of the largest contractions nationwide.”

  46. 3b says:

    48 but this is what you are advocating for. That the inner city have the same opportunity so that they can get jobs etc. right?

  47. HEHEHE says:

    “School choice is a joke, it does nothing about the real problem which is poverty. Poverty and lack of education go hand and hand.”

    There’s plenty of intelligent people who grew up in poverty. The problem is more complicated than just poverty. There’s the broken home situations. Also a broken education system is self-propagating in that it creates generations of poorly educated people. Some of these school systems are on their third generation of failure.

    Also teachers unions have too much power in many of these inner cities over day to day job duties. I’m all for paying quality teachers much more if you can fire the dead weight.

  48. The Great Pumpkin says:

    Yes, and if you gave these students parents jobs, you would actually be solving the problem instead of coming up with bunk ideas like “school choice.” So work on jobs programs and training in the ghetto and you will knock out two birds with one stone. You will be getting rid of crime and improving schools. It really is that simple, but greed is a bitch.

    3b says:
    August 23, 2016 at 3:35 pm
    48 but this is what you are advocating for. That the inner city have the same opportunity so that they can get jobs etc. right?

  49. HEHEHE says:

    “Yes, and if you gave these students parents jobs, you would actually be solving the problem instead of coming up with bunk ideas like “school choice.” So work on jobs programs and training in the ghetto and you will knock out two birds with one stone. You will be getting rid of crime and improving schools. It really is that simple.”

    Education and jobs. Dude where have you been the past 30 years? Jobs for the less educated are all overseas where you don’t have to deal with pesky things like environmental regulation, unions and standards on working conditions.

  50. The Great Pumpkin says:

    You are wrong, poverty is the issue. Why? The data says so. Find me one failing school in a wealthy area. Find me a failing school in a poverty stricken area. You have no idea what it means to be truly poor. If you are dealing with poverty, you have so many problems that you don’t care about school or an education. And here in lies the problem.

    HEHEHE says:
    August 23, 2016 at 3:41 pm
    “School choice is a joke, it does nothing about the real problem which is poverty. Poverty and lack of education go hand and hand.”

    There’s plenty of intelligent people who grew up in poverty. The problem is more complicated than just poverty. There’s the broken home situations. Also a broken education system is self-propagating in that it creates generations of poorly educated people. Some of these school systems are on their third generation of failure.

    Also teachers unions have too much power in many of these inner cities over day to day job duties. I’m all for paying quality teachers much more if you can fire the dead weight.

  51. Steamturd thinking Cankles should be included in the hyper incarceration says:

    “Let’s bus kids from the inner city to Wayne.”

    I heard there are plenty of double-lined roads in Wayne, so it would be easy.

  52. HEHEHE says:

    ” You have no idea what it means to be truly poor. If you are dealing with poverty, you have so many problems that you don’t care about school or an education.”

    First, poor people in this country don’t even know what dirt poor means so spare me.
    Second, a person’s mental capacity has nothing to do with one’s standard of living.

  53. The Great Pumpkin says:

    Go to a ghetto and be prepared to encounter people whacked out of their f’in mind and then understand the role poverty plays in education.

    HEHEHE says:
    August 23, 2016 at 4:08 pm
    ” You have no idea what it means to be truly poor. If you are dealing with poverty, you have so many problems that you don’t care about school or an education.”

    First, poor people in this country don’t even know what dirt poor means so spare me.
    Second, a person’s mental capacity has nothing to do with one’s standard of living.

  54. Ben says:

    Waste? You are the one advocating for waste. You want to hold back losers so that you can waste more money on them by paying for more years of wasted schooling? Are you serious? You know how much you would drive up taxes if you didn’t just push these losers through? Do you know how large the inner city school populations will be if we take up your bright idea?

    Did you pull a muscle tackling that straw man?

  55. HEHEHE says:

    “Go to a ghetto and be prepared to encounter people whacked out of their f’in mind and then understand the role poverty plays in education.”

    Walk into any bar in the Financial District and see the same; if not worse.

  56. Steamturd thinking Cankles should be included in the hyper incarceration says:

    And maybe JJ?

  57. HEHEHE says:

    “And maybe JJ?”

    That reminds of this time…smoking hot…apartment on the Upper East Side…

  58. grim says:

    Fucking fuck fuck fuck

  59. jcer says:

    How did this site manage to get spammed by a septic bot, what the hell is the point of this spam?

  60. HEHEHE says:

    “The only place the corporations have managed to infiltrate the school systems and directly suck the money from them via the Board of Ed has been in inner cities. Sure, we all have to cater to Pearson and take PARCC, but the Abbott districts and Charter schools are the only ones directly paying people for services and curriculum. Educational consultants don’t do anything other than collect free money.”

    There are four cash cows for no-show/no-work jobs, no-bid contracts, and fraud in urban America – housing authority, school board, planning/zoning board, and city council. Control all four and you are king/queen for life. Ask the Sharpe James’ of the world.

  61. grim says:

    It’s bad spam, basically had to blacklist every word having to do anything with septic nonsense.

    Every post through a different IP proxy.

  62. Steamturd thinking Cankles should be included in the hyper incarceration says:

    What a solid waste of time.

  63. grim says:

    Look at the bright side, less shit talk.

  64. 3b says:

    53 pumps but you said jobs are being out sourced even grims!! So how are you going to give the poor in the inner cities jobs assuming they might only have a high school diploma??

  65. The Great Pumpkin says:

    Pumps strikes again. Jersey still dying?

    “In three years, New Jersey’s economy has improved from among the worst in the U.S. to the middle of the pack, according to a new statistical comparison of the states.

    Governing magazine found that New Jersey has the U.S.’s 24th strongest economy, up from 42nd in its 2013 analysis.

    The magazine compared states’ data on changes in unemployment rates, per capita gross domestic product and per capita personal income. The rankers gave extra weight to the current unemployment rate and the change in the GDP.”

    http://www.nj.com/politics/index.ssf/2016/08/nj_economic_health_bounces_to_middle_of_the_us_pac.html#incart_river_home

  66. Essex says:

    Yay we’re 24th…! Shrug.

  67. Steamturd thinking Cankles should be included in the hyper incarceration says:

    In Governing magazine. I imagine it has a subscription base of 50, plus one for Guam.

  68. Steamturd thinking Cankles should be included in the hyper incarceration says:

    circulation of approximately 85,000. I wonder how much they have to spend on research. Seems like the entire rag is run by interns.

  69. The Great Pumpkin says:

    Ahh, finally asking the right questions. This just highlights how complicated the problem is, and probably how unsolvable it is. What are you going to do with someone living in the 21st century but only having the skills of the 20th century(only high school degree, if that)? You have to get them to further their educational level beyond high school. How, no one knows, but it’s the only way they will remain employed in the future.

    My comment on giving jobs is based on the short term. You create make work jobs rebuilding the community, hopefully building pride in the community, eventually leading to the return of the family unit. With this, you can start to make educational gains with the stability in the family unit. As these kids go onto college and get the skills needed to get a job, you hope they remain prideful in their community and come back and invest in the community by setting up shop after they get their college degree.

    This is not easy to pull off, but it is the answer that should be the focus of every politician in urban decay locations. It’s starts with pride in the community and family unit.

    3b says:
    August 23, 2016 at 6:45 pm
    53 pumps but you said jobs are being out sourced even grims!! So how are you going to give the poor in the inner cities jobs assuming they might only have a high school diploma

  70. The Great Pumpkin says:

    Think about the percentage increase since last rankings. We are moving in the right direction.

    Essex says:
    August 23, 2016 at 8:20 pm
    Yay we’re 24th…! Shrug.

  71. Essex says:

    Man oh Man….

    America’s largest retailers are facing a threat that is rarely discussed: student-loan debt.

    Consumers make $80 billion in student loan interest payments a year, Moody’s retail analyst Charlie O’Shea said on Bloomberg TV. This means that they have less money to spend at retailers like Walmart, Home Depot, and Costco.

    Total loan payments add up to $160 billion annually.

    “The average salary per college graduate has increased by only about 3% in the past seven years, while the average student debt burden has increased by roughly 53% over the same period,” O’Shea told Bloomberg.

    He says that America’s more than $1.3 trillion in student loans could hurt the American economy more than a recession because it will last for decades to come.

  72. 3b says:

    75 sarcasm. Grasshopper.

  73. 3b says:

    71 but we are right next to NYC. Everybody wants to be here! Seems to me 24 is quite dismal.

  74. Steamturd thinking Cankles should be included in the hyper incarceration says:

    Hyper crime leads to hyper incarceration.

  75. chicagofinance says:

    Is there hyperstupidity?

  76. Comrade Nom Deplume, the Deplumiest. says:

    My god, the brutal calculus in the GOOs blocking of Obama’s SCOTUS pick is suddenly clear. Why did I not see this?

Comments are closed.