{"id":198802,"date":"2007-10-08T23:22:00","date_gmt":"2007-10-09T04:22:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/10\/08\/the-employment-numbers-are-weaker-than-they-appear\/"},"modified":"2007-10-08T23:22:00","modified_gmt":"2007-10-09T04:22:00","slug":"the-employment-numbers-are-weaker-than-they-appear","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/10\/08\/the-employment-numbers-are-weaker-than-they-appear\/","title":{"rendered":"The Employment Numbers are Weaker than They Appear"},"content":{"rendered":"<p><a href=\"http:\/\/www.rgemonitor.com\/blog\/roubini\/218846\"> Nouriel Roubini&#8217;s observations are as follows<\/a>:<\/p>\n<ul>\n<li>The August revision (+93k) was almost entirely government jobs.<\/li>\n<li>Private sector employment gains have averaged (+73K), which is <span style=\"font-weight: bold;\">very<\/span> weal.<\/li>\n<li>80% of job created in September were either in government or in health\/education services.<\/li>\n<li>Housing job losses are under-reported, since illegal aliens are not counted in this figure.<\/li>\n<li>The 2007 benchmark for employment figures turns out to be 297k less than predicted.<\/li>\n<li>Year over year job growth has been falling for at least a year.<\/li>\n<\/ul>\n<p>We are in a recession folks (me, not Mr. Roubini speaking).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nouriel Roubini&#8217;s observations are as follows: The August revision (+93k) was almost entirely government jobs. Private sector employment gains have averaged (+73K), which is very weal. 80% of job created in September were either in government or in health\/education services. Housing job losses are under-reported, since illegal aliens are not counted in this figure. The &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-198802","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\/198802"}],"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=198802"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198802\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}