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Unemployment Report Better Than Expected, Or Was It?

Written on February 3, 2012 by Gary D. Halbert in Economy & Markets

Today’s unemployment report came in better than expected, at least in the eyes of the media. But there was something you probably didn’t hear about from today’s report. I’ll get to that after the headline numbers. In January, the unemployment rate fell to 8.3%, the fifth consecutive monthly drop. The number of new jobs grew…

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4Q GDP Short of Expectations

Written on January 27, 2012 by Gary D. Halbert in Economy & Markets, Political & Geopolitical

This morning’s advance estimate of 4Q GDP was a disappointment relative to the pre-report consensus. The Commerce Department reported that 4Q GDP rose only 2.8% (annual rate) following 1.8% in the 3Q. The pre-report consensus was 3.2%. The Bureau of Economic Analysis noted that the improvement in the 4Q reflected increases in private investment in…

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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.