{"id":185218,"date":"2011-09-08T18:44:00","date_gmt":"2011-09-08T23:44:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/09\/08\/its-jobless-thursday-and-the-numbers-suck-again\/"},"modified":"2011-09-08T18:44:00","modified_gmt":"2011-09-08T23:44:00","slug":"its-jobless-thursday-and-the-numbers-suck-again","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/09\/08\/its-jobless-thursday-and-the-numbers-suck-again\/","title":{"rendered":"It&#8217;s Jobless Thursday, and the Numbers Suck Again"},"content":{"rendered":"<p>With initial claims worse than forecast, with an <a href=\"http:\/\/www.reuters.com\/article\/2011\/09\/08\/us-usa-economy-idUSTRE77U25D20110908?feedType=RSS&amp;feedName=topNews&amp;rpc=71\">increase to 414,000 initial applications<\/a>, with the 4 week moving average rising as well, though continuing claims fell slightly.<\/p>\n<p>When you look at this, and a <a href=\"http:\/\/www.bloomberg.com\/news\/2011-09-07\/fed-says-economy-grew-at-slower-pace-in-some-regions-amid-limited-spending.html\">weak Beige Book from the Fed<\/a>, and the fact that there were <a href=\"http:\/\/www.nytimes.com\/2011\/09\/03\/business\/economy\/united-states-showed-no-job-growth-in-august.html?_r=1\">absolutely no jobs created in August<\/a>, the idea that we are in any sort of recovery is laughable.<\/p>\n<p>We&#8217;re in a deflationary spiral, and the already inadequate stimulus has been on the down slope for over 6 months, and somehow or other people believe that the austerity fairy will solve things, when it&#8217;s actually going to make it worse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With initial claims worse than forecast, with an increase to 414,000 initial applications, with the 4 week moving average rising as well, though continuing claims fell slightly. When you look at this, and a weak Beige Book from the Fed, and the fact that there were absolutely no jobs created in August, the idea that &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,975,1089],"tags":[],"class_list":["post-185218","post","type-post","status-publish","format-standard","hentry","category-economy","category-employment","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185218"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=185218"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185218\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=185218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=185218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=185218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}