{"id":190833,"date":"2009-10-21T22:47:00","date_gmt":"2009-10-22T03:47:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/10\/21\/economics-update-140\/"},"modified":"2009-10-21T22:47:00","modified_gmt":"2009-10-22T03:47:00","slug":"economics-update-140","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/10\/21\/economics-update-140\/","title":{"rendered":"Economics Update"},"content":{"rendered":"
Click for full size<\/p>\n
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<\/a>
Unemployment by State, h\/t Calculated Risk<\/a><\/p>\n

<\/a>
Architectural Billings Index, h\/t Calculated Risk<\/a><\/p>\n

<\/a> Permanent Layoffs, h\/t macroblog<\/a>, which led Calculated risk to note that that it’s not a jobless recovery, it’s a “job-loss<\/a>” recovery<\/span><\/div>\n

The Federal Reserve’s Beige Book, a collection of “anecdotal” data (it’s really more than “anecdotal”, but you know economists) about the economy, was released today, and it shows that the economy is stabilizing<\/a>, with that data showing either flat, or slight upticks, in economic activity.<\/p>\n

We also got the state by state unemployment report for September<\/a>, and it is ugly. (see bottom pic)<\/p>\n

In real estate, mortgage applications fell sharply<\/a> on higher rates, and the Architectural Billings Index rose<\/a>, but remained below 50, indicating further contraction in nonresidential construction<\/p>\n

<\/a>The news in the Far East was pretty good though, with the decline in Japanese exports slowing to a 10-month best<\/a>, and China\u2019s GDP growing by 8.9%<\/a> year over year, though Chinese statistics are always somewhat suspect.<\/p>\n

In energy, oil rose to a 1-year high<\/a>, $81.37\/bbl, and the dollar weakened to a 14 month low, hitting $1.5014:\u20ac1.0000<\/a>, so the buck and a half barrier is broken again.<\/p>\n","protected":false},"excerpt":{"rendered":"

Click for full size Unemployment by State, h\/t Calculated Risk Architectural Billings Index, h\/t Calculated Risk Permanent Layoffs, h\/t macroblog, which led Calculated risk to note that that it’s not a jobless recovery, it’s a “job-loss” recovery The Federal Reserve’s Beige Book, a collection of “anecdotal” data (it’s really more than “anecdotal”, but you know …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1170,1080,973,975,1135,1120,1016,1188,1089],"tags":[],"class_list":["post-190833","post","type-post","status-publish","format-standard","hentry","category-china","category-currency","category-economy","category-employment","category-energy","category-far-east","category-international-commerce","category-japan","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190833"}],"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=190833"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190833\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=190833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=190833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=190833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}