{"id":27334,"date":"2016-01-10T15:20:06","date_gmt":"2016-01-10T20:20:06","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=27334"},"modified":"2016-01-10T15:20:06","modified_gmt":"2016-01-10T20:20:06","slug":"the-economy-by-the-numbers","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=27334","title":{"rendered":"The Economy By The Numbers"},"content":{"rendered":"

On Friday, Investor’s Business Daily<\/a> posted their analysis of the recent jobs report<\/a>. The report was more positive than some recent reports, but there were still a few problems.<\/p>\n

The article reports:<\/p>\n

The alternative measure used by the Department of Labor<\/a> based on the household survey, showed job growth was even swifter, with a gain of 485,000. Best of all, nearly half a million Americans<\/a> on net entered the labor force, helping reverse for now a horrid slide in labor market participation.<\/strong><\/p>\n

The participation rate now stands at 62.6%, up from 62.4% in September. But we’re still way behind the pre-recession high of 66.2% in 2007. A record 94 million Americans over the age of 16 are not working or looking for work.<\/strong><\/p>\n

Average wages were down a notch to $25.24 \u2014 bad news<\/a> on a number of fronts. Real median wages have now been flat for almost a decade. It looks like a lot of those new jobs in December were at McDonald’s<\/a> or Wal-Mart<\/a>. About 37,000 came in bars and restaurants. The painful pattern of this recovery is that the jobs gained don’t pay as much as the jobs that have disappeared.<\/strong><\/p>\n

The article also address the falling oil prices<\/a>:<\/p>\n

Low oil prices are normally good news for the economy, but their relentless decline of late is a symptom of weak global demand from producers. The likelihood of any growth-oriented policy changes in Washington on regulations, taxes, ObamaCare<\/a> or trade promotion seem remote in the near term. And the Fed<\/a> is warning of three or four more interest-rate hikes later in the year.<\/strong><\/p>\n

Also on Friday, Donald Trump<\/a>, the Republican front-runner for president, proposed a 45% tariff on Chinese goods and services. It’s hard to be bullish in such an environment.<\/strong><\/p>\n

We need some serious changes in economic policies in order to grow the economy. Hopefully the election in November will bring those changes.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Friday, Investor’s Business Daily posted their analysis of the recent jobs report. The report was more positive than some recent reports, but there were still a few problems. The article reports: The alternative measure used by the Department of … 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":[3357,8967,9170,2787],"class_list":["post-27334","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-donald-trump","tag-jobs-report","tag-labor-participation-rate","tag-united-states-department-of-labor"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/27334","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=27334"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/27334\/revisions"}],"predecessor-version":[{"id":27335,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/27334\/revisions\/27335"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}