{"id":2041,"date":"2023-02-10T16:07:24","date_gmt":"2023-02-10T16:07:24","guid":{"rendered":"https:\/\/segmentwm.com\/wp\/?p=2041"},"modified":"2023-02-10T16:15:09","modified_gmt":"2023-02-10T16:15:09","slug":"unemployment-when-good-news-is-bad","status":"publish","type":"post","link":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/","title":{"rendered":"When Good News Is Bad"},"content":{"rendered":"\n


Last Friday’s non-farm jobs report was a blowout. Forecasts estimated that +200,000 jobs were added in January, but the number came in at +517,000. The market seemed to like it, but I don’t. The surprisingly strong job growth tells me that interest rate hikes are not having the desired effect. That\u2019s the part I don\u2019t like. The Fed is looking for economic weakness to indicate they have hit the mark with rate rises. This jobs report could mean that rates must rise further to cause that retrenchment en route to greater price stability and the quelling of inflation. <\/p>\n\n\n\n

In terms of the broader economic recovery, measuring unemployment has some tricky elements, and the government uses those stats to lobby for itself. <\/p>\n\n\n\n

The unemployment rate is the most visible statistic, down to 3.4% per the latest report. However, this rate measures the percentage of unemployed only amongst those in the labor force. Since January 2020, the number of people in the labor force (the employed plus the unemployed) has increased by 1.2 million. However, the number of people not participating at all in the labor force increased by 5.2 million at the same time.<\/em><\/p>\n\n\n\n

So, the lower unemployment rate allows the claim we keep hearing:\u00a0\u201cWe are experiencing the fullest employment in 50 years.\u201d\u00a0Yes, but a greater portion of the population is un-productive than during the Trump administration\u2026 by a lot.\u00a0You can always get statistics to say what you want but the devil is in the details.<\/p>\n\n\n\n

I’m still hopeful for lower rates by year-end, but the jury is still out.\u00a0<\/p>\n\n\n\n

Please see\u00a0IMPORTANT DISCLOSURE<\/a>\u00a0information.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last Friday’s non-farm jobs report was a blowout. Forecasts estimated that +200,000 jobs were added in January, but the number came in at +517,000. The market seemed to like it, but I don’t. The surprisingly strong job growth tells me that interest rate hikes are not having the desired effect. That\u2019s the part I don\u2019t…<\/p>\n","protected":false},"author":7,"featured_media":2044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[85,88],"tags":[],"class_list":["post-2041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-politics"],"yoast_head":"\nWhen Good News Is Bad - Segment Wealth Management<\/title>\n<meta name=\"description\" content=\"The unemployment rate is the most visible statistic, down to 3.4% per the latest report. However, this rate measures the percentage of unemployed only amongst those in the labor force.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When Good News Is Bad - Segment Wealth Management\" \/>\n<meta property=\"og:description\" content=\"The unemployment rate is the most visible statistic, down to 3.4% per the latest report. However, this rate measures the percentage of unemployed only amongst those in the labor force.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/\" \/>\n<meta property=\"og:site_name\" content=\"Segment Wealth Management\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-10T16:07:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-10T16:15:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/segmentwm.com\/wp\/wp-content\/uploads\/2023\/02\/iStock-1279104620.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1322\" \/>\n\t<meta property=\"og:image:height\" content=\"793\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Haley Parmer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Haley Parmer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/\"},\"author\":{\"name\":\"Haley Parmer\",\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/#\\\/schema\\\/person\\\/e0fd1e6cb8b396c23aacf71bcb3c3088\"},\"headline\":\"When Good News Is Bad\",\"datePublished\":\"2023-02-10T16:07:24+00:00\",\"dateModified\":\"2023-02-10T16:15:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/\"},\"wordCount\":269,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/iStock-1279104620.jpg\",\"articleSection\":[\"Economy\",\"Politics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/\",\"url\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/\",\"name\":\"When Good News Is Bad - Segment Wealth Management\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/iStock-1279104620.jpg\",\"datePublished\":\"2023-02-10T16:07:24+00:00\",\"dateModified\":\"2023-02-10T16:15:09+00:00\",\"description\":\"The unemployment rate is the most visible statistic, down to 3.4% per the latest report. However, this rate measures the percentage of unemployed only amongst those in the labor force.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/#primaryimage\",\"url\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/iStock-1279104620.jpg\",\"contentUrl\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/iStock-1279104620.jpg\",\"width\":1322,\"height\":793,\"caption\":\"Top view of a white desktop with magnifying glass over the word JOB\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/unemployment-when-good-news-is-bad\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"When Good News Is Bad\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/#website\",\"url\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/\",\"name\":\"Segment Wealth Management\",\"description\":\"Segment Wealth Management is an award-winning, fee-only advisory services firm located in the Galleria area of Houston, TX.\",\"publisher\":{\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/#organization\",\"name\":\"Segment Wealth Management\",\"url\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/SegmentFinalSmall.png\",\"contentUrl\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/SegmentFinalSmall.png\",\"width\":795,\"height\":428,\"caption\":\"Segment Wealth Management\"},\"image\":{\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/#\\\/schema\\\/person\\\/e0fd1e6cb8b396c23aacf71bcb3c3088\",\"name\":\"Haley Parmer\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/150fb5b6b6ea9a2225b0ddd1bc1fdf90aa005286b2c617d3c40597c045e9e7a7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/150fb5b6b6ea9a2225b0ddd1bc1fdf90aa005286b2c617d3c40597c045e9e7a7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/150fb5b6b6ea9a2225b0ddd1bc1fdf90aa005286b2c617d3c40597c045e9e7a7?s=96&d=mm&r=g\",\"caption\":\"Haley Parmer\"},\"url\":\"https:\\\/\\\/segmentwm.com\\\/wp\\\/blog\\\/author\\\/haley-parmer\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"When Good News Is Bad - Segment Wealth Management","description":"The unemployment rate is the most visible statistic, down to 3.4% per the latest report. However, this rate measures the percentage of unemployed only amongst those in the labor force.","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"When Good News Is Bad - Segment Wealth Management","og_description":"The unemployment rate is the most visible statistic, down to 3.4% per the latest report. However, this rate measures the percentage of unemployed only amongst those in the labor force.","og_url":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/","og_site_name":"Segment Wealth Management","article_published_time":"2023-02-10T16:07:24+00:00","article_modified_time":"2023-02-10T16:15:09+00:00","og_image":[{"width":1322,"height":793,"url":"https:\/\/segmentwm.com\/wp\/wp-content\/uploads\/2023\/02\/iStock-1279104620.jpg","type":"image\/jpeg"}],"author":"Haley Parmer","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Haley Parmer","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/#article","isPartOf":{"@id":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/"},"author":{"name":"Haley Parmer","@id":"https:\/\/segmentwm.com\/wp\/#\/schema\/person\/e0fd1e6cb8b396c23aacf71bcb3c3088"},"headline":"When Good News Is Bad","datePublished":"2023-02-10T16:07:24+00:00","dateModified":"2023-02-10T16:15:09+00:00","mainEntityOfPage":{"@id":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/"},"wordCount":269,"commentCount":0,"publisher":{"@id":"https:\/\/segmentwm.com\/wp\/#organization"},"image":{"@id":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/#primaryimage"},"thumbnailUrl":"https:\/\/segmentwm.com\/wp\/wp-content\/uploads\/2023\/02\/iStock-1279104620.jpg","articleSection":["Economy","Politics"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/","url":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/","name":"When Good News Is Bad - Segment Wealth Management","isPartOf":{"@id":"https:\/\/segmentwm.com\/wp\/#website"},"primaryImageOfPage":{"@id":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/#primaryimage"},"image":{"@id":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/#primaryimage"},"thumbnailUrl":"https:\/\/segmentwm.com\/wp\/wp-content\/uploads\/2023\/02\/iStock-1279104620.jpg","datePublished":"2023-02-10T16:07:24+00:00","dateModified":"2023-02-10T16:15:09+00:00","description":"The unemployment rate is the most visible statistic, down to 3.4% per the latest report. However, this rate measures the percentage of unemployed only amongst those in the labor force.","breadcrumb":{"@id":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/#primaryimage","url":"https:\/\/segmentwm.com\/wp\/wp-content\/uploads\/2023\/02\/iStock-1279104620.jpg","contentUrl":"https:\/\/segmentwm.com\/wp\/wp-content\/uploads\/2023\/02\/iStock-1279104620.jpg","width":1322,"height":793,"caption":"Top view of a white desktop with magnifying glass over the word JOB"},{"@type":"BreadcrumbList","@id":"https:\/\/segmentwm.com\/wp\/blog\/unemployment-when-good-news-is-bad\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/segmentwm.com\/wp\/"},{"@type":"ListItem","position":2,"name":"When Good News Is Bad"}]},{"@type":"WebSite","@id":"https:\/\/segmentwm.com\/wp\/#website","url":"https:\/\/segmentwm.com\/wp\/","name":"Segment Wealth Management","description":"Segment Wealth Management is an award-winning, fee-only advisory services firm located in the Galleria area of Houston, TX.","publisher":{"@id":"https:\/\/segmentwm.com\/wp\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/segmentwm.com\/wp\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/segmentwm.com\/wp\/#organization","name":"Segment Wealth Management","url":"https:\/\/segmentwm.com\/wp\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/segmentwm.com\/wp\/#\/schema\/logo\/image\/","url":"https:\/\/segmentwm.com\/wp\/wp-content\/uploads\/2021\/04\/SegmentFinalSmall.png","contentUrl":"https:\/\/segmentwm.com\/wp\/wp-content\/uploads\/2021\/04\/SegmentFinalSmall.png","width":795,"height":428,"caption":"Segment Wealth Management"},"image":{"@id":"https:\/\/segmentwm.com\/wp\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/segmentwm.com\/wp\/#\/schema\/person\/e0fd1e6cb8b396c23aacf71bcb3c3088","name":"Haley Parmer","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/150fb5b6b6ea9a2225b0ddd1bc1fdf90aa005286b2c617d3c40597c045e9e7a7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/150fb5b6b6ea9a2225b0ddd1bc1fdf90aa005286b2c617d3c40597c045e9e7a7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/150fb5b6b6ea9a2225b0ddd1bc1fdf90aa005286b2c617d3c40597c045e9e7a7?s=96&d=mm&r=g","caption":"Haley Parmer"},"url":"https:\/\/segmentwm.com\/wp\/blog\/author\/haley-parmer\/"}]}},"taxonomy_info":{"category":[{"value":85,"label":"Economy"},{"value":88,"label":"Politics"}]},"featured_image_src_large":["https:\/\/segmentwm.com\/wp\/wp-content\/uploads\/2023\/02\/iStock-1279104620-1024x614.jpg",1024,614,true],"author_info":{"display_name":"Haley Parmer","author_link":"https:\/\/segmentwm.com\/wp\/blog\/author\/haley-parmer\/"},"comment_info":"","category_info":[{"term_id":85,"name":"Economy","slug":"economy","term_group":0,"term_taxonomy_id":85,"taxonomy":"category","description":"","parent":0,"count":15,"filter":"raw","cat_ID":85,"category_count":15,"category_description":"","cat_name":"Economy","category_nicename":"economy","category_parent":0},{"term_id":88,"name":"Politics","slug":"politics","term_group":0,"term_taxonomy_id":88,"taxonomy":"category","description":"","parent":0,"count":8,"filter":"raw","cat_ID":88,"category_count":8,"category_description":"","cat_name":"Politics","category_nicename":"politics","category_parent":0}],"tag_info":false,"_links":{"self":[{"href":"https:\/\/segmentwm.com\/wp\/wp-json\/wp\/v2\/posts\/2041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/segmentwm.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/segmentwm.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/segmentwm.com\/wp\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/segmentwm.com\/wp\/wp-json\/wp\/v2\/comments?post=2041"}],"version-history":[{"count":1,"href":"https:\/\/segmentwm.com\/wp\/wp-json\/wp\/v2\/posts\/2041\/revisions"}],"predecessor-version":[{"id":2043,"href":"https:\/\/segmentwm.com\/wp\/wp-json\/wp\/v2\/posts\/2041\/revisions\/2043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/segmentwm.com\/wp\/wp-json\/wp\/v2\/media\/2044"}],"wp:attachment":[{"href":"https:\/\/segmentwm.com\/wp\/wp-json\/wp\/v2\/media?parent=2041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/segmentwm.com\/wp\/wp-json\/wp\/v2\/categories?post=2041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/segmentwm.com\/wp\/wp-json\/wp\/v2\/tags?post=2041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}