Mish's Global Economic Trend Analysis |
| Half Moon Bay to Outsource Entire Police Department Posted: 02 Apr 2011 02:18 PM PDT To reduce expenses, the city of Half Moon Bay, California will Outsource its Police Services Today marks the beginning of the end of the Half Moon Bay Police Department.What Took So Long? Half Moon Bay can save $510,000 a year, $42,500 per yer, per officer and the city council did not want to make this decision. Pray tell what was is the city losing by this maneuver? The answer is nothing. All 12 officers will be retained although it appears there will be some additional rotation between officers. More importantly, arrests went up and response times stayed the same for San Carlos when that city outsourced. The article did not say where the savings comes from but it can only come from two places, lower salaries or lower benefits. I suspect much of it is from the latter. It is a waste of taxpayer money to blow up $510,000 just for the "prestige" of cities having their own police force. $510,000 is a lot of money to a town of $13,300. And there is no reason for larger towns to needlessly waste money either. I am still waiting for some large city to do the same thing. Several Cincinnati council member wanted to outsource police work but Cincinnati's mayor, a former police chief, remains beholden to the police union, and not the citizens who elected him. For more on the Cincinnati story please see Cincinnati Threatens to Outsource Entire Police Department Every city in the country ought to be looking to reduce costs. Outsourcing police work to the sheriffs' association appears to be a good way to do it. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. 
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| Men vs. Women: Digging into the BLS Jobs Data Posted: 02 Apr 2011 12:21 AM PDT Inquiring minds are taking a closer look at Friday's job numbers, specifically household data employment trends of men vs. women. Household Data Numbers in Thousands
The unemployment rate among men 20 years and older dropped only because the male labor force dropped by 31,000. Those employed barely rose by 4,000. Contrast with stats for women 20 years and older below.
The labor pool for women rose by 96,000. The number of employed women rose by 247,000 vs. 4,000 for men. Thus, improvement in Friday's jobs numbers came entirely from women, at least according to the household survey. I will watch this statistic going forward. 93,000 jobs were part-time jobs as shown in the following table. Part Time Status  click on chart for sharper image For more on Friday's job numbers, please see BLS Jobs Report: Nonfarm Payroll +216,000, Unemployment Rate 8.8%; Thoughts on the Jobs Report Please note that the headline number +216,000 is from establishment survey (payroll data), while the unemployment rate and demographic breakdowns are from the household survey (phone survey). Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. 
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