{"id":189203,"date":"2010-05-06T18:03:00","date_gmt":"2010-05-06T23:03:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/05\/06\/economics-update-57\/"},"modified":"2010-05-06T18:03:00","modified_gmt":"2010-05-06T23:03:00","slug":"economics-update-57","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/05\/06\/economics-update-57\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<p>It&#8217;s jobless Thursday, and <a href=\"http:\/\/www.cnbc.com\/id\/36983993\">initial unemployment claims fell slightly<\/a>, 7K to 444K, with a 4 week moving average dropping 4,750 to 458,500, and <a href=\"http:\/\/www.google.com\/hostednews\/afp\/article\/ALeqM5jt0n2L7HehTBwx-2qoOFBudI070A\">continuing claims fell 59,000 to 4.594 million, though filings for extended claims rose<\/a>.<\/p>\n<p>Still, we are not seeing numbers that show a recovery in the job market, and the fact that <a href=\"http:\/\/www.cnbc.com\/\/id\/36969864\">April retail sales disappointed<\/a> won&#8217;t help.<\/p>\n<p>In Yuro land, the European Central Bank <a href=\"http:\/\/www.ecb.int\/press\/pr\/date\/2010\/html\/pr100506.en.html\">held its benchmark steady at 1%<\/a>, whihc had the effect of <a href=\"http:\/\/money.cnn.com\/2010\/05\/06\/markets\/dollar\/index.htm\">pushing the dollar    up<\/a>, which in turn <a href=\"http:\/\/money.cnn.com\/2010\/05\/06\/markets\/oil\/\">drove oil down<\/a>.<\/p>\n<p>Basically, Greece trumps the oil disaster.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s jobless Thursday, and initial unemployment claims fell slightly, 7K to 444K, with a 4 week moving average dropping 4,750 to 458,500, and continuing claims fell 59,000 to 4.594 million, though filings for extended claims rose. Still, we are not seeing numbers that show a recovery in the job market, and the fact that April &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,975,984,1004,1089,985],"tags":[],"class_list":["post-189203","post","type-post","status-publish","format-standard","hentry","category-economy","category-employment","category-europe","category-finance","category-recession","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189203"}],"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=189203"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189203\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}