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View Diary: Government reports far fewer new jobs created in January than expected. Official rate falls to 6.6% (81 comments)

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  •  The savings rate is notoriously (2+ / 0-)
    Recommended by:
    satrap, JML9999

    difficult to measure (they take other estimates, of things like income, debt repayments, etc. and combine them formulaically to estimate savings). So the variance is large. Monthly and quarterly changes are suspect.

    •  Okay. For all of 2012: Savings rate was 4.0% ... (2+ / 0-)
      Recommended by:
      JML9999, Eric Nelson

      ...For all of 2013: 3.8%.

      Don't tell me what you believe, show me what you do and I will tell you what you believe.

      by Meteor Blades on Fri Feb 07, 2014 at 07:02:10 AM PST

      [ Parent ]

      •  Right. So it's been around 4%. (0+ / 0-)

        Compare that to the rates during the 90's and 00's. We were on the highway to hell, with tiny or negative savings rates. Today we are consistently in that 4% range.

        •  The personal savings rate in the '90s was... (1+ / 0-)
          Recommended by:
          doc2

          ...higher than it is now except for 1999. That 4% is well below the average since the end of 2007.

          Don't tell me what you believe, show me what you do and I will tell you what you believe.

          by Meteor Blades on Fri Feb 07, 2014 at 11:13:48 PM PST

          [ Parent ]

          •  True abut the 90s, (0+ / 0-)

            but since jan 08 the avg. has been about 4.5%. 3 months ago it was at 5%, this month it is at 4%. Given the volatility of the measure, I don't think we can say that the rate is down. During the oughts it hovered between 2 and 4%, except for 05-07 when it dropped below 2% for a year then popped back to 2%. so the trend, as I see it, is that the PSR went down from 10% in 1980 to 1% in 2005, after increasing from 8% in the 1950s, and since the recessiin has popped back up to 4-5%.

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