Black People Politics : ECONOMY ASCENDING?

Discussion in 'Black People Politics' started by Kemetstry, Jan 23, 2012.

  1. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    The Detroit International Auto Show had record attendance. GM is the #1 car producer again. The state has a billion dollar surplus. Is this a sign of a growing economy? Is hiring on the upswing in your area?

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  2. MimiBelle

    MimiBelle Well-Known Member MEMBER

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    I'm a Texan.
    Hiring was never actually that bad. We never had a true recession and the housing market is relatively stable.
    Not that I'm throwing out invites.
    No...
    Far too many 'transplants' down here, already. Particularly Californians.... *laugh*

    Although, if you're a nurse or a new-grad looking to relocate?
    Texas is hiring. LVN/PN or RN.
    There are jobs down here and they will hire new grad nurses.

    In the valley, there's a need. It's by the border...but they will hire.
    In San Antonio. You'll find a job. Hit up the military bases. The state psych hospital hires. The various staffing companies are in need.
    Homehealth? You can find assignments.
    Houston as well.
    Dallas...not so sure. I hear the new-grad market's saturated.

    Too many businesses are leaving other states to set up shop down here.
    We just added a few hospitals 2 years ago, roughly....
    I know of folks who resigned from positions and picked up another w/in a month or two. They're not particularly wealthy, either.
     
  3. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    So things have never went down, down there. All that oil wealth
     
  4. Omowale Jabali

    Omowale Jabali The Cosmic Journeyman PREMIUM MEMBER

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    I lived in the Dallas area before the recession hit. Moved back to Kali in 2008. By 2009 the unemployment almost doubled from about 5 to over 9%.

    Oil/energy jobs are in areas with little black folks such as Midland and Odessa. High black unemployment in Houston and Port Arthur. Outside of hospital system Texas has a lot of low paying service sector jobs. New housing construction slowed as foreclosure rates climbed. Unemployment rates below national average but still a lot of black poverty.
     
  5. Omowale Jabali

    Omowale Jabali The Cosmic Journeyman PREMIUM MEMBER

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    The following information might help some in retirement planning and/or if you are considering relocation.

    State Sales Tax
    All states except Alaska, Delaware, Montana, New Hampshire and Oregon, collect sales taxes. Delaware collects a Gross Receipts Tax (GRT) which is a business and gross receipts tax that can total 2.07%. Some have a single rate throughout the state though most permit local city and county additions to the base tax rate. Those states with a single rate include Connecticut, District of Columbia, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, Mississippi, Rhode Island, and West Virginia.

    States with the highest sales tax are: California (8.25%), Indiana (7%), Mississippi (7%), New Jersey (7%), Rhode Island (7%), Tennessee (7%), Minnesota (6.875%), Nevada (6.85%), Arizona (6.6%), Washington (6.5%), Kansas (6.3%), Texas and Illinois (6.25%).

    Personal Income Tax
    A total of 41 states impose income taxes. New Hampshire and Tennessee apply it only to income from interest and dividends. Seven states (Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming) do not tax personal income. Of the 41 with a broad-based income tax, 35 base the taxes on federal returns, typically taking a portion of what you pay the IRS or using your federal adjusted gross income or taxable income as the starting point.


    Many states exclude Social Security retirement benefits from state income taxes. The District of Columbia and 27 states with income taxes provide a full exclusion for Social Security benefits -- Alabama, Arizona, Arkansas, California, Delaware, Georgia, Hawaii, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Virginia and Wisconsin.

    http://retirementliving.com/RLtaxes.html

    [SIZE=2][FONT=Arial][FONT=Arial][SIZE=2][SIZE=2][FONT=Arial]The state with the highest median real estate taxes is New Jersey, where more than 50% of all households pay more than $5,352 in property taxes per home. States like California, Hawaii and the District of Columbia have higher home values than New Jersey but on average collect significantly less real estate taxes per property. The state with the second highest property taxes, New Hampshire, collects a median of $3,920, or $1,432 less per home than New Jersey.[/FONT][/SIZE][/SIZE][/FONT][/FONT][/SIZE]


    • With its generous homestead exemption, Louisiana has the lowest real estate tax rate in the nation, at $1.72 per $1,000 of home value. Two states with the highest effective tax rates are Wisconsin and Texas, where rates exceed $18 per $1,000 of property value.
    • Median home values in the highest tax rate states -- Wisconsin and Texas -- are well below the national average. But the three states (including Washington, D.C.) with the most expensive homes -- California, Hawaii and the District of Columbia -- have some of the lowest property tax rates in the nation -- $4.77, $2.04 and $3.76 per $1,000 of value, respectively.
     
  6. Omowale Jabali

    Omowale Jabali The Cosmic Journeyman PREMIUM MEMBER

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    States ranked by median household income
    Median Household Income by State [1][2]


    RankState2009200820072004-2006

    1 Maryland $69,272 $70,545 $68,080 $62,372
    2 New Jersey $68,342 $70,378 $67,035 $64,169
    3 Connecticut $67,034 $68,595 $65,967 $59,972
    4 Alaska $66,953 $68,460 $64,333 $57,639
    5 Hawaii $64,098 $67,214 $63,746 $60,681
    6 Massachusetts $64,081 $65,401 $62,365 $56,236
    7 New Hampshire $60,567 $63,731 $62,369 $60,489
    8 Virginia $59,330 $61,233 $59,562 $55,108
    District of Columbia $59,290 $57,936 $54,317 $47,221 (2005)[3]PDF
    9 California $58,931 $61,021 $59,948 $53,770
    10 Delaware $56,860 $57,989 $54,610 $52,214
    11 Washington $56,548 $58,078 $55,591 $53,439
    12 Minnesota $55,616 $57,288 $55,082 $57,363
    13 Colorado $55,430 $56,993 $55,212 $54,039
    14 Utah $55,117 $56,633 $55,109 $55,179
    15 New York $54,659 $56,033 $53,514 $48,201
    16 Rhode Island $54,119 $55,701 $53,568 $52,003
    17 Illinois $53,966 $56,235 $54,124 $49,280
    18 Nevada $53,341 $56,361 $55,062 $50,819
    19 Wyoming $52,664 $53,207 $51,731 $47,227
    20 Vermont $51,618 $52,104 $49,907 $51,622
    United States $50,221 $52,029 $50,740 $46,242 (2005) [4]PDF
    21 Wisconsin $49,993 $52,094 $50,578 $48,874
    22 Pennsylvania $49,520 $50,713 $48,576 $47,791
    23 Arizona $48,745 $50,958 $49,889 $46,729
    24 Oregon $48,457 $50,169 $48,730 $45,485
    25 Texas $48,259 $50,043 $47,548 $43,425
    26 Iowa $48,044 $48,980 $47,292 $47,489
    27 North Dakota $47,827 $45,685 $43,753 $43,753
    28 Kansas $47,817 $50,177 $47,451 $44,264
    29 Georgia $47,590 $50,861 $49,136 $46,841
    30 Nebraska $47,357 $49,693 $47,085 $48,126
    31 Maine $45,734 $46,581 $45,888 $45,040
    32 Indiana $45,424 $47,966 $47,448 $44,806
    33 Ohio $45,395 $47,988 $46,597 $45,837
    34 Michigan $45,255 $48,591 $47,950 $47,064
    35 Missouri $45,229 $46,867 $45,114 $44,651
    36 South Dakota $45,043 $46,032 $43,424 $44,624
    37 Idaho $44,926 $47,576 $46,253 $46,395
    38 Florida $44,736 $47,778 $47,804 $44,448
    39 North Carolina $43,674 $46,549 $44,670 $42,061
    40 New Mexico $43,028 $43,508 $41,452 $40,827
    41 Louisiana $42,492 $43,733 $40,926 $37,943
    42 South Carolina $42,442 $44,625 $43,329 $40,822
    43 Montana $42,322 $43,654 $43,531 $38,629
    44 Tennessee $41,725 $43,614 $42,367 $40,676
    45 Oklahoma $41,664 $42,822 $41,567 $40,001
    46 Alabama $40,489 $42,666 $40,554 $38,473
    47 Kentucky $40,072 $41,538 $40,267 $38,466
    48 Arkansas $37,823 $38,815 $38,134 $37,420
    49 West Virginia $37,435 $37,989 $37,060 $37,227
    50 Mississippi $36,646 $37,790 $36,338
    $35,261


    http://en.wikipedia.org/wiki/List_of_U.S._states_by_income#States_ranked_by_median_household_income
     
  7. Omowale Jabali

    Omowale Jabali The Cosmic Journeyman PREMIUM MEMBER

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    SACRAMENTO — Tulare County's unemployment rate rose again in December to 16.2 percent, marking another month of stagnant job growth in the Valley.
    In November the rate was 15 percent.
    Tulare County wasn't alone. Jobless rates throughout the area increased by about a percentage point in Fresno, Kings and Kern counties, according to unemployment data released Friday.
    But unlike the local figures, California's unemployment rate dipped slightly in December to 11.1 percent, its lowest rate since 2009, the state reported Friday.
    The rate is two-tenths of a percentage point drop from November. Officials with the state Employment Development Department said the steady drop in the official jobless rate was a sign of gradual improvement in California's economy.
    "It's pretty definitive if you look at the year over how far we've come," department spokesman Kevin Callori said. "It's definitely quite a reversal."
    California's unemployment rate last fell below 11 percent in April 2009, when it was 10.9 percent.
    Nonfarm payroll jobs increased by 10,700 in December, for a total gain of 240,300 jobs in 2011.
    December marked the fourth consecutive month in which the employment rate has dropped, a period during which it declined a full percentage point and the state gained 112,300 payroll jobs.
    "That's over four times the number we gained over the previous four months. It looks like the increase was pretty broad-based across the economy," Callori said.
    December's numbers are seasonally adjusted and thus should reflect more than just a holiday season hiring bump, he said.
    Job gains for all of 2011 were up 1.7 percent, compared to 0.06 percent for all of 2010 and a 5.3 percent loss in 2009, the height of the recession.
    The biggest job growth in December came in construction, information, professional and business services, educational and health services, and government, with those sectors adding a combined 23,900 jobs.
    Other areas, including mining and logging, manufacturing, trade, transportation and utilities, financial activities, leisure and hospitality reported a combined 13,200 fewer jobs in December.

    http://www.visaliatimesdelta.com/ar...nia-jobless-rate-dips-lowest-level-since-2009
     
  8. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    Are any of you seeing more people back to work?
     
  9. hartwell

    hartwell Well-Known Member MEMBER

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    the jobs people are getting are low paying or mediocre at best people with master degrees working at macy's at 10 dollars an hour plus with high inflation. The temp route is the way to go in atlanta. Inflation last year was 11.6 percent it is rumored to go anywhere close to 25 percent this year. Stick a fork in america it is done.
     
  10. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    In light of people having no or little money, how can inflation rise there? If people cant afford to pay, wouldnt the lack of demand keep prices down?

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