{"id":188141,"date":"2010-12-02T20:10:00","date_gmt":"2010-12-03T01:10:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/02\/economics-update-13\/"},"modified":"2010-12-02T20:10:00","modified_gmt":"2010-12-03T01:10:00","slug":"economics-update-13","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/02\/economics-update-13\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>It&#8217;s jobless Thursday, and unemployment rose, but it <a href=\"http:\/\/www.marketwatch.com\/story\/weekly-us-jobless-claims-climb-26000-to-436000-2010-12-02\">remains below the 450,000 range that I have been harping on<\/a>,with new claims rising by 26,000 to 436,000, the 4-week moving average falling by 5,750 to 431,000, continuing claims rising by 53,000 4.27 million, and extended benefits rising by 377,000 to 8,91 million.<\/p>\n<p>Truth be told, since this is reporting from a short week because of the Thanksgiving holiday, I&#8217;m not sure if it means much.<\/p>\n<p>In real estate, <a href=\"http:\/\/www.bloomberg.com\/news\/2010-12-02\/pending-sales-of-existing-homes-in-u-s-increased-a-record-10-in-october.html\">pending sales for existing homes jumped by 10% in October<\/a>, which is surprisingly good news, though it may not translate in to quite so many closing, since <a href=\"http:\/\/www.cnbc.com\/\/id\/40475050\">mortgage rates are rising<\/a>, which may complicate the life of your average home buyer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s jobless Thursday, and unemployment rose, but it remains below the 450,000 range that I have been harping on,with new claims rising by 26,000 to 436,000, the 4-week moving average falling by 5,750 to 431,000, continuing claims rising by 53,000 4.27 million, and extended benefits rising by 377,000 to 8,91 million. Truth be told, since &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,975,1004,1088],"tags":[],"class_list":["post-188141","post","type-post","status-publish","format-standard","hentry","category-economy","category-employment","category-finance","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188141"}],"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=188141"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188141\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}