September Tax Revenues in Oklahoma Jump 14.5% From Increased Hiring and Strong Oil Production
Professor Mark J. Perry's Blog for Economics and Finance
NASHVILLE – "Economic recovery continues a slow pattern upward in Tennessee. Finance and Administration Commissioner Mark Emkes reported today that overall September revenues were $1.013 billion, which is 3.66% above September 2010 collections. It’s the fourteenth consecutive month in which total collections exceeded the budgeted estimates.
From Dan Pollatta writing in Harvard Business Review blog:
Some interesting quotes from tweets and blogs in China, as featured in the WSJ Asia Technology article "China Frets: Innovators Stymied Here":
Scott Grannis points out today that "One of the healthiest features of this recovery continues: the public sector continues to lose jobs—about 600K since the recovery began. This is the most extended and the largest decline of public sector jobs since the 1980-82 recession. It is contributing to the unusually high and sticky unemployment rate, of course, but this is a good problem to have since the public sector had grown like Topsy in the years leading up to the last recession and needed to be cut back. A smaller public sector will eventually make it easier for the more-efficient private sector to grow."
"The American Association of Railroads today reported gains in weekly rail traffic, with U.S. railroads originating 312,170 carloads for the week ending Oct. 1, 2011 (week 39), up 4.7% compared with the same week last year. Intermodal volume for the week totaled 250,864 trailers and containers, up 4.4% compared with the same week last year. This week’s U.S. carload volume is highest since Week 45 of 2008, and the intermodal volume is the highest since Week 39 of 2007."
More than 7 million light trucks were sold in September, which was the highest monthly sales count for trucks in 3 and-one-half years going all the way back to March of 2008 (see chart above). September truck sales were up by 9.5% compared to August and up by 20.3% compared to last September. Why are truck sales important?
Find a place to stay for one night or several months anywhere in the world: Rent nightly from real people in 19,716 cities in 196 countries.
U.S. car sales of 13.1 million units in September (on a seasonally adjusted annual rate, SAAR) were the highest monthly total since last April and showed strong gains of 8.1% from August and 10.8% compared to a year-ago, according to sales data released yesterday by Motor Intelligence. On a year-to-date basis, total light vehicle sales through September are up by 10.4% compared to last year, with especially strong gains of 12.2% for light trucks and 48.7% for midsize SUVs (source). For the month of September, light truck sales exceeded 7 million units (SAAR) for the first time in at least several years.
In late trading, the odds of Chris Christie running for president have fallen from 29.5% to 21% (see chart above), putting the chances of a Christie candidacy now at almost 4-to-1.
Mobile food trucks are becoming popular in The Motor City, here are some recent CD posts here and here. And now Detroit Lions' fans have been enjoying another form of controversial mobile commerce operating near Ford Field during Lions home game - a mobile strip club known as the "Booty Lounge" (see photo above).