Flour & Prepared flour mixes -- 2.7%
Coffee -- 4%
Sugar & Artificial sweeteners -- 6.2%
Butter + 6.8%
Salad Dressing -- 2.5%
"How can I help it? How can I help but see what is in front of my eyes? Two and two are four."
"Sometimes Winston, sometimes they are five. Sometimes they are three. Sometimes they are all of them at once. You must try harder. It is not easy to become sane." ~ George Orwell
There is still another category of American worker, the temporary worker. They're considered neither fish nor fowl, jumbled into the same category as job losers. This month there were 4,862,000 temp workers and job losers. They're offered few if any benefits and never know if this paycheck is their last. Many agencies offer health insurance to temp workers, but by in large, temp workers are working temp jobs trying to make ends meet, until they can find a permanent position. The number of temp workers has fallen from just over six million to just under five million. Is that a good statistic or a bad one? Did they find a permanent job or are there just fewer temp jobs available?
"Reality exists in the human mind, and nowhere else." ~ George Orwell
Americans officially unemployed: 9,474,000 part-time for economic reasons: 7,544,000 marginally attached to the labor force: 2,028,000 discouraged workers: 676,000. Long term unemployed, no longer considered unemployed: 3.8 million. The numbers equal 23,522,000 Americans unemployed or under employed. Now add in 4,862,000 temp workers and the total reaches 28,384,000 remembering that those detached from the armed services, aren't counted as unemployed.
The home foreclosure crisis, once so prominent in the headlines has disappeared, but only from the headlines. Bank repossessions are up in 26 states from April and have risen, year over year, in 16 states. The Commerce Department reported new home sales surged 18.6 percent in June, to a seasonally adjusted rate of 504,000 units annually. That's great! Strike up the band! New homes sales for June (pre-crash) are at the lowest level since 1982. New home sales in June of 1963 were 526,000 when the US population was only 180 million. The rate of home ownership in the US has fallen below China, Romania and Mexico.
Existing home prices are rising due to institutional investors buying homes for rental property. It creates a two-fold effect, rising prices and tighter mortgage standards pushing the average American out of the home market. The number of American adults "Doubling Up" living with friends or relatives has more than tripled since 2007. 37 million American's hold 1.1 trillion dollars in student loan debt and 47 Million Americans are receiving food stamps. 600,000 thousand Americans are homeless on any given night. Wages are flat, the good job is nearly extinct in America, and full-time work is an endangered species.