{"id":188007,"date":"2010-12-31T17:00:00","date_gmt":"2010-12-31T22:00:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/31\/yes-this-is-a-big-deal\/"},"modified":"2010-12-31T17:00:00","modified_gmt":"2010-12-31T22:00:00","slug":"yes-this-is-a-big-deal","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/31\/yes-this-is-a-big-deal\/","title":{"rendered":"Yes, This is a Big Deal"},"content":{"rendered":"<p>Initial unemployment claims <a href=\"http:\/\/www.businessweek.com\/news\/2010-12-30\/u-s-economy-jobless-claims-drop-to-lowest-level-in-two-years.html\">fell below 400,000 for the first time in over 2 years<\/a>, hitting 388,000, down 34K, and the less volatile 4 week moving average fell by 12.5K to 414,000.<\/p>\n<p>We are actually at a number that if sustained, might show a meager recovery in the unemployment rate.<\/p>\n<p>The longer term numbers, continuing claims rose by 57K to 4.13 million, and extended benefits fell by 151.5K to 4.53 million.<\/p>\n<p>I would expect the numbers to rise next week, the Christmas season is over, and this sort of move one week tends to have a rebound, but if somewhere around 375K is the new normal, then things are turning up a big.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Initial unemployment claims fell below 400,000 for the first time in over 2 years, hitting 388,000, down 34K, and the less volatile 4 week moving average fell by 12.5K to 414,000. We are actually at a number that if sustained, might show a meager recovery in the unemployment rate. The longer term numbers, continuing claims &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],"tags":[],"class_list":["post-188007","post","type-post","status-publish","format-standard","hentry","category-economy","category-employment"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188007"}],"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=188007"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188007\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}