{"id":186977,"date":"2013-08-01T20:51:00","date_gmt":"2013-08-02T01:51:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/08\/01\/its-jobless-thursday-65\/"},"modified":"2013-08-01T20:51:00","modified_gmt":"2013-08-02T01:51:00","slug":"its-jobless-thursday-65","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/08\/01\/its-jobless-thursday-65\/","title":{"rendered":"It&#8217;s Jobless Thursday!!!"},"content":{"rendered":"<p>Initial claims <a href=\"http:\/\/www.bloomberg.com\/news\/2013-08-01\/jobless-claims-in-u-s-decline-to-lowest-level-in-five-years.html\">hit a 5 year low<\/a>, with the 4-week moving average, continuing claims, and emergency claims falling as well.<\/p>\n<p>Additionally, <a href=\"http:\/\/www.nytimes.com\/2013\/08\/01\/business\/economy\/us-economy-grew-by-1-7-in-2nd-quarter-faster-than-expected.html\">2<sup>nd<\/sup> quarter GDP increase was adjusted up<\/a> to a 1.7% annual rate (forcast was for 1.0%), though this was because the 1<sup>st<\/sup> quarter was revised down from 1.8% to 1.1%, meaning that the end position pretty much matched estimates.<\/p>\n<p>It&#8217;s an artifact of the ill advised deal that gave us the sequester, because the federal spending cuts to a large degree offset <a href=\"http:\/\/www.bloomberg.com\/news\/2013-08-01\/u-s-ism-manufacturing-index-increased-to-55-4-in-july-from-50-9.html\">good numbers from the manufacturing sector<\/a>.<\/p>\n<p>July job numbers come out tomorrow.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Initial claims hit a 5 year low, with the 4-week moving average, continuing claims, and emergency claims falling as well. Additionally, 2nd quarter GDP increase was adjusted up to a 1.7% annual rate (forcast was for 1.0%), though this was because the 1st quarter was revised down from 1.8% to 1.1%, meaning that the end &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,975,1089,992],"tags":[],"class_list":["post-186977","post","type-post","status-publish","format-standard","hentry","category-economy","category-employment","category-recession","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/186977"}],"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=186977"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/186977\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=186977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=186977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=186977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}