{"id":188075,"date":"2010-12-16T22:22:00","date_gmt":"2010-12-17T03:22:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/16\/economics-update-11\/"},"modified":"2010-12-16T22:22:00","modified_gmt":"2010-12-17T03:22:00","slug":"economics-update-11","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/16\/economics-update-11\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<div style=\"border: 1px solid black; float: right; margin: 0px 10px; padding: 5px; text-align: center; width: 400px;\">Click for full size<\/p>\n<hr \/>\n<p><a href=\"http:\/\/img80.imageshack.us\/img80\/7991\/corelogichpioct20106087.jpg\"><img decoding=\"async\" border=\"0\" bordercolor=\"white\" src=\"http:\/\/img80.imageshack.us\/img80\/7991\/corelogichpioct20106087.jpg\" width=\"390\" \/><\/a> <span style=\"font-style: italic;\">That may be a bottom, but it ain&#8217;t a recovery<\/span><\/div>\n<p>It&#8217;s jobless Thursday, and <a href=\"http:\/\/www.bloomberg.com\/news\/2010-12-16\/jobless-claims-in-u-s-unexpectedly-fell-to-420-000-last-week.html\">initial claims fell by 3,000 to 420,000<\/a>, and the 4-week moving average fell by 5,250 to 422,750, another 2+ year low, but continuing claims rose by 22,000 to 4.14 million, and emergency\/extended claims rose by 324,537 to 4.83 million.<\/p>\n<p>I would call that mixed.  Fewer people losing their jobs, but people looking for work are not finding it.<\/p>\n<p>In real estate news, <a href=\"http:\/\/www.calculatedriskblog.com\/2010\/12\/corelogic-house-prices-declined-19-in.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29\">home prices declined 1.9% in October<\/a>, and by 3.93% year over year, so we are still not seeing any signs of recovery there.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size That may be a bottom, but it ain&#8217;t a recovery It&#8217;s jobless Thursday, and initial claims fell by 3,000 to 420,000, and the 4-week moving average fell by 5,250 to 422,750, another 2+ year low, but continuing claims rose by 22,000 to 4.14 million, and emergency\/extended claims rose by 324,537 to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,975,1088,1089],"tags":[],"class_list":["post-188075","post","type-post","status-publish","format-standard","hentry","category-economy","category-employment","category-real-estate","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188075"}],"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=188075"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188075\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}