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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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  •  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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