{"id":188929,"date":"2010-07-07T19:53:00","date_gmt":"2010-07-08T00:53:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/07\/07\/economics-update-49\/"},"modified":"2010-07-07T19:53:00","modified_gmt":"2010-07-08T00:53:00","slug":"economics-update-49","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/07\/07\/economics-update-49\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<div style=\"border: 1px solid black; margin: 0px 10px; padding: 5px; width: 400px; float: right; text-align: center;\">Click for full size<\/p>\n<hr \/>\n<p><a href=\"http:\/\/img13.imageshack.us\/img13\/4310\/book120656image00108567.png\"><img decoding=\"async\" src=\"http:\/\/img13.imageshack.us\/img13\/4310\/book120656image00108567.png\" bordercolor=\"white\" width=\"390\" border=\"0\" \/><\/a><br \/><span style=\"font-style: italic;\">Temp hiring surges<br \/><\/span><\/div>\n<p>It looks like <a href=\"http:\/\/www.ritholtz.com\/blog\/2010\/07\/a-temporary-gap-lets-hope-so\/\">temporary hiring is very strong<\/a>, up 19.6% year over year, which, in addition to contributing to my finding employment, should be a leading indicator for direct employment, though private &#8220;permanent&#8221; employment is still down 0.7% YoY, which runs counter to earlier data. (see chart pr0n)<\/p>\n<p>We are also seeing <a href=\"http:\/\/money.cnn.com\/2010\/07\/07\/news\/economy\/credit_delinquencies\/index.htm?section=money_topstories&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29\">falling rates of credit   card delinquencies<\/a>, which are down to an 8 year low, which could be seen as either a glass half full, that people are getting a handle on their finances, or glass half empty, with people continuing to deleverage, and flying into the &#8220;paradox of thrift.&#8221;<\/p>\n<p>Finally, in an update from yesterday, when I discussed office vacancies, today, we see that <a href=\"http:\/\/www.reuters.com\/article\/idUSN0610302020100707\">vacancy rates in shopping centers increased in the 2<sup>nd<\/sup> quarter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size Temp hiring surges It looks like temporary hiring is very strong, up 19.6% year over year, which, in addition to contributing to my finding employment, should be a leading indicator for direct employment, though private &#8220;permanent&#8221; employment is still down 0.7% YoY, which runs counter to earlier data. (see chart pr0n) &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-188929","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\/188929"}],"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=188929"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188929\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}