{"id":188420,"date":"2010-09-30T18:00:00","date_gmt":"2010-09-30T23:00:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/09\/30\/economics-update-28\/"},"modified":"2010-09-30T18:00:00","modified_gmt":"2010-09-30T23:00:00","slug":"economics-update-28","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/09\/30\/economics-update-28\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>It&#8217;s jobless Thursday, and the <a href=\"http:\/\/www.marketwatch.com\/story\/us-jobless-claims-drop-16000-to-453000-2010-09-30\">initial jobless claims are out<\/a>, initial claims down 16K to 453,000, and the less volatile 4 week moving average fell  6,250 to 458,000,  a two month low, with continuing claims falling 83K to 4.46 million, and emergency claims falling 293K to 4.88 million.<\/p>\n<p>Generally, the numbers are good, but still firmly in the 450-480K &#8220;sweet spot&#8221; where the numbers have lingered for most of this year.<\/p>\n<p>Additionally, the <a href=\"http:\/\/www.bloomberg.com\/news\/2010-09-30\/economy-in-u-s-grew-1-7-in-second-quarter-as-recovery-slowed.html\">revised GDP numbers have come out<\/a>, and, for once, the numbers were revised up, from the truly anemic 1.6% annual rate releases last month to a (truly anemic) 1.7% annual rate.<\/p>\n<p>In real estate, <a href=\"http:\/\/www.bloomberg.com\/news\/2010-09-29\/u-s-mortgage-applications-index-falls-even-as-rates-decline-to-record-low.html\">mortgage applications fell<\/a>, despite falling rates, though the home purchase application index nosed up slightly.<\/p>\n<p>In terms of the various indices out there, the Institute for Supply Management&#8217;s Chicago PMI rose in September, beating estimates.<\/p>\n<p>Generally a good news day for this economy, this.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s jobless Thursday, and the initial jobless claims are out, initial claims down 16K to 453,000, and the less volatile 4 week moving average fell 6,250 to 458,000, a two month low, with continuing claims falling 83K to 4.46 million, and emergency claims falling 293K to 4.88 million. Generally, the numbers are good, but still &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,975,1004,1088,1089],"tags":[],"class_list":["post-188420","post","type-post","status-publish","format-standard","hentry","category-economy","category-employment","category-finance","category-real-estate","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188420"}],"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=188420"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188420\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}