{"id":21835,"date":"2014-02-07T21:08:37","date_gmt":"2014-02-08T02:08:37","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=21835"},"modified":"2014-02-07T21:08:38","modified_gmt":"2014-02-08T02:08:38","slug":"todays-economic-numbers","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=21835","title":{"rendered":"Today’s Economic Numbers"},"content":{"rendered":"

Investors.com<\/a> posted an article today analyzing the jobs report<\/a> that was released today. It is a mixed picture.<\/p>\n

In chart form:<\/p>\n

\"\"<\/p>\n

The chart shows a decreasing official unemployment rate, but it also shows what the unemployment rate would be if the labor participation rate<\/a> used to calculate the unemployment rate were constant. The number of people who are not currently in the labor force<\/a> is extremely high.<\/p>\n

The article reports:<\/p>\n

To further muddle the picture, January’s employment report showed a gain of 21,000 manufacturing jobs. Construction added 48,000 workers, the most since the recession, after a sharp weather-related drop in December. Meanwhile, retailers shed 12,900 jobs and cut the average workweek to 29.7 hours.<\/strong><\/p>\n

“We shouldn’t be surprised that the job gains are not at the level that they were in October and November,” said Keith Hembre, chief economist with Nuveen Asset Management. “But I am surprised we didn’t get more of a bounceback.”<\/strong><\/p>\n

Other unexpectedly weak data in the past few weeks include sharp drops in durable goods<\/a> orders as well as new- and pending home sales.<\/strong><\/p>\n

Federal Reserve<\/a> policymakers noted the housing pause at their January meeting, but decided other improvements in the economy were enough to justify continuing to taper asset purchases.<\/strong><\/p>\n

Hembre said the latest data shouldn’t change that outlook.<\/strong><\/p>\n

At some point the Federal Reserve policymakers are going to have to taper their asset purchases. The longer they postpone that, the more of a shock it is going to be. Unfortunately, the Federal Reserve has propped up the dollar and the stock market to the point where there will not be a soft landing. Because of the financial policies of the Federal Reserve for the past ten or twelve years, we will probably experience a very bumpy landing some time in the next six months. I believe we will come through it, but I also believe it will be very bumpy.<\/p>\n

<\/div>\n
\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Investors.com posted an article today analyzing the jobs report that was released today. It is a mixed picture. In chart form: The chart shows a decreasing official unemployment rate, but it also shows what the unemployment rate would be if … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[7071,7069,3951,4921,7072,1448,7070,4090],"class_list":["post-21835","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-december","tag-federal-reserve","tag-federal-reserve-system","tag-january","tag-keith-hembre","tag-labor-force","tag-nuveen-asset-management","tag-report"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/21835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21835"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/21835\/revisions"}],"predecessor-version":[{"id":21838,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/21835\/revisions\/21838"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}