California exports enjoys booming trade, increase 14.5% (Sacramento, Commerce: unemployment, prices, agricultural)

[18Montclair]

[LEFT]Bye bye, Great Recession.

California exporters enjoyed their highest-ever export totals in January, and posted their 15th consecutive month of year-over-year trade increases, Beacon Economics reported Thursday.

“California’s exporters firmly put the Great Recession behind them in January,” said Beacon Economics international trade advisor Jock O’Connell in a news release. Beacon produces a monthly California analysis of foreign trade data released by the U.S. Commerce Department.
In January, the Golden State’s export trade totaled $11.75 billion, a 14.5 percent increase over the $10.26 billion in January last year.

Manufactured exports, meanwhile, rose 11.6 percent. Non-manufactured exports, consisting mostly of raw materials and agricultural products) jumped 18.9 percent.


Read more: California exports enjoy booming trade, 14.5% increase | Sacramento Business Journal

[/LEFT]

[yeahthatguy]

Why are you reposting ?
//www.city-data.com/forum/calif...ed-2010-a.html


"
So, exports 'through' major ports California soared. A pretty misleading title ....

........With California’s export trade sharply rebounding, you’d think that rebound would be visible in the state’s unemployment numbers. It’s not reflected because California has a comparatively large share of the country’s re-export trade.
“Re-exports are products that, by definition, have no significant value added to them during their sojourn in California, and so their beneficial economic impact is a great deal less than would be the case were these goods actually produced by California workers,” O’Connell said in the release.

A pretty horrible article. The data points and conclusions seemed randomly spread, disconnected, and, in some cases, purposely confusing so as to mislead the reader as to the relative economic meaning to California."

[Bulldogdad]

Originally Posted by yeahthatguy

Why are you reposting ?
//www.city-data.com/forum/calif...ed-2010-a.html


"
So, exports 'through' major ports California soared. A pretty misleading title ....

........With California’s export trade sharply rebounding, you’d think that rebound would be visible in the state’s unemployment numbers. It’s not reflected because California has a comparatively large share of the country’s re-export trade.
“Re-exports are products that, by definition, have no significant value added to them during their sojourn in California, and so their beneficial economic impact is a great deal less than would be the case were these goods actually produced by California workers,” O’Connell said in the release.

A pretty horrible article. The data points and conclusions seemed randomly spread, disconnected, and, in some cases, purposely confusing so as to mislead the reader as to the relative economic meaning to California."

Exactly. We debunked that article/posting already.

[Vascodagama]

Here is a more realistic report

U.S. Trade Deficit Rose 15% in January on Higher Oil Prices

The Commerce Department said Thursday that the January deficit increased 15.1 percent to $46.3 billion. Exports rose 2.7 percent to a high of $167.7 billion. But imports rose at a 5.2 percent pace, to $214.1 billion. That reflected a big jump in America’s oil bill, underscoring concerns that surging oil prices could slow the recovery.
A widening trade deficit hurts the United States economy. When imports outpace exports, more jobs go to foreign workers than to American workers.