{"id":189026,"date":"2010-06-05T23:40:00","date_gmt":"2010-06-06T04:40:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/06\/05\/employment-economic-update\/"},"modified":"2010-06-05T23:40:00","modified_gmt":"2010-06-06T04:40:00","slug":"employment-economic-update","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/06\/05\/employment-economic-update\/","title":{"rendered":"Employment\/Economic 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:\/\/img338.imageshack.us\/img338\/3170\/percentjoblossesaligned.jpg\"><img decoding=\"async\" src=\"http:\/\/img338.imageshack.us\/img338\/3170\/percentjoblossesaligned.jpg\" bordercolor=\"white\" width=\"390\" border=\"0\" \/><\/a> <span style=\"font-style: italic;\">Still grim, and grimmer still Ex-Census Hiring<br \/>H\/t <a href=\"http:\/\/www.calculatedriskblog.com\/2010\/06\/employment-population-ratio-part-time.html\">Calculated Risk<\/a>, link has more grim graph pr0n<\/span><\/div>\n<p>So, the &#8220;very serious people&#8221; in Washington and other capitals around the world have decided that we need to reduce deficits, because the financial crisis is over.<\/p>\n<p>Well the employment data seems to show otherwise.<\/p>\n<p>Total payrolls rose by 431,000 last month, but most of that was <span style=\"font-weight: bold;\">temporary<\/span> census employment, the <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aLUD3ypwgFSI\">increase in private sector workforce was only 41,000<\/a>,  and you need to create some 100K-125K new jobs each month in order to keep up with natural growth in the labor force.<\/p>\n<p>Add to this the fact that even with improvements, the <a href=\"http:\/\/www.marketwatch.com\/story\/weekly-jobless-claims-fall-10000-to-453000-2010-06-03-85800?dist=countdown\">unemployment claims numbers still suck wet farts from dead pigeons<\/a>, and I am fairly certain that the &#8220;very serious people&#8221; are &#8220;very seriously wrong people&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size Still grim, and grimmer still Ex-Census HiringH\/t Calculated Risk, link has more grim graph pr0n So, the &#8220;very serious people&#8221; in Washington and other capitals around the world have decided that we need to reduce deficits, because the financial crisis is over. Well the employment data seems to show otherwise. Total &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-189026","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\/189026"}],"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=189026"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189026\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}