{"id":61954,"date":"2025-12-05T11:13:42","date_gmt":"2025-12-05T16:13:42","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=61954"},"modified":"2025-12-05T11:13:42","modified_gmt":"2025-12-05T16:13:42","slug":"goods-news-for-the-america-economy","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=61954","title":{"rendered":"Goods News For The America Economy"},"content":{"rendered":"

On Thursday, The Epoch Times<\/a> posted an article about the unemployment numbers released for last week. Some of the economic statistics for October and November have not been released because of the government shutdown. I am not sure if they are going to be released.<\/p>\n

The article reports:<\/p>\n

The number of Americans filing for first-time unemployment benefits declined to the lowest level in more than three years, new Department of Labor data<\/a> released on Dec. 4 show.<\/strong><\/div>\n

For the week ending Nov. 29, initial jobless claims fell by 27,000 to 191,000, marking the fourth consecutive weekly drop.<\/strong><\/p>\n

Economists had penciled in a reading of 220,000.<\/strong><\/p>\n

Notice how the economists’ estimates are always more negative than the actual figures when a Republican is in office.<\/p>\n

The article notes:<\/p>\n

But while slowing layoffs and declining jobless claims have been positive signs, the futures market overwhelmingly expects the Federal Reserve to lower interest rates when monetary policymakers convene their two-day policy meeting next week.<\/strong><\/p>\n

Minutes from the October Federal Open Market Committee meeting reveal a divergence in views of where monetary policy is headed. Commentary from central bank officials also suggests different assessments of the U.S. economy.<\/strong><\/p>\n

\u201cFrom late spring through June, the soft data, including anecdotes from business contacts, suggested the labor market was in a \u2018no hire, no fire\u2019 equilibrium,\u201d Fed Gov. Christopher Waller said in a speech<\/a> last month. \u201cFirms repeatedly said they were holding off on hiring for a variety of reasons.\u201d<\/strong><\/div>\n

Waller, considered a top contender to replace Fed Chair Jerome Powell next year, supports a quarter-point rate cut to the benchmark federal funds rate.<\/strong><\/p>\n

Cleveland Fed President Beth Hammack has expressed skepticism over<\/strong> further rate cuts, warning of high inflation.<\/strong><\/p>\n

\u201cI remain concerned about high inflation and believe policy should be leaning against it,\u201d Hammack said at a Nov. 6 Economic Club of New York event<\/a>.<\/strong><\/div>\n

The headline annual inflation rate presently sits at 3 percent. The Fed\u2019s preferred inflation measure\u2014the personal consumption expenditure price index\u2014is at 2.7 percent.<\/strong><\/p>\n

Somehow inflation was not a worry when the rates were cut during the Biden administration. Considering how much the rate of inflation has dropped, I think it is time to cut the rates and let the housing market loose.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Thursday, The Epoch Times posted an article about the unemployment numbers released for last week. Some of the economic statistics for October and November have not been released because of the government shutdown. I am not sure if they … 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":[7069,18825,17347,18198,12407],"class_list":["post-61954","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-federal-reserve","tag-first-time-unemployment-benefits","tag-inflation-rate","tag-interest-rates","tag-the-epoch-times"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/61954","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=61954"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/61954\/revisions"}],"predecessor-version":[{"id":61955,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/61954\/revisions\/61955"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}