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The Unemployment Situation – Mixed Signals

Written on May 4, 2012 by Gary D. Halbert in Economy & Markets, General Interest, Political & Geopolitical

This morning we got the official unemployment report for April. The Labor Department reported that the unemployment rate fell a notch from 8.2% in March to 8.1% in April. The pre-report consensus was for an unchanged number of 8.2%, so on that account today’s number was slightly better than expected. Unfortunately, the way the Labor…

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1Q GDP Report Came In Below Expectations

Written on April 27, 2012 by Gary D. Halbert in Economy & Markets

This morning’s advance report on first quarter gross domestic product was a bit of a disappointment. The Commerce Department reported that 1Q GDP rose only 2.2% (annual rate). That was below the pre-report consensus of 2.5%-2.6% and considerably below the 4Q rate of 3%. The report noted that growth in the 1Q was driven by…

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Between the Lines is published by Gary D. Halbert. Information contained herein is taken from sources believed to be reliable but cannot be guaranteed as to its accuracy. Opinions and recommendations herein generally reflect the judgment of Gary D. Halbert and may change at any time without any notice. Market opinions contained herein are intended as general observations and are not intended as specific advice. Readers are urged to check with their financial counselors before making any decisions. This publication does not constitute an offer of sale of any securities. Gary D. Halbert is also president and CEO of Halbert Wealth Management, Inc., an affiliated registered investment advisor, though Halbert Wealth Management is not the publisher of Between the Lines. Past results are not necessarily indicative of future results.