Thursday, February 7, 2008

Good God

Posted By on Thu, Feb 7, 2008 at 2:55 PM

Superbad scoobies from this month's Humboldt Economic Index , as evidenced in the graph above concerning lumber production:

The index value of this sector is based on a combination of payroll employment and board feet of lumber production at major county lumber companies and is adjusted to account for normal seasonal variations. Lumber-based manufacturing generates about 55 percent of total county manufacturing employment ... The Lumber-based Manufacturing index has been on a downward march and continues to an all time low of 30.7 -- a decline from last month of 18.2%. This index has proved to be a constant weight on the overall composite by continually falling since July.

The authors note that December marked a recovery from last month's sub-100 shocker , but say that "many leading indicators support a contraction of the economy in coming months."

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Hank Sims

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