To: Red Badger
A bunch of other numbers came out along with the weekly jobless claims. I’ve been wondering for a while if the admin cooks the jobless figs. Now I’m wondering about the accuracy of those other numbers as well.
6 posted on
06/09/2011 5:57:36 AM PDT by
mewzilla
To: mewzilla
If this is ‘cooked’ I sure as hell hate to see the ‘raw”!........................
10 posted on
06/09/2011 5:59:29 AM PDT by
Red Badger
(Nothing is a 'right' if someone has to give it to you................)
To: mewzilla
The jobless numbers have been adjusted up after each week's report....after the fact, of course. So unexpected!
13 posted on
06/09/2011 6:01:23 AM PDT by
Road Warrior ‘04
(I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
To: mewzilla
A bunch of other numbers came out along with the weekly jobless claims. I’ve been wondering for a while if the admin cooks the jobless figs. Now I’m wondering about the accuracy of those other numbers as well.
Yes they are. The CPI version that is minus 'core inflation' (food and energy) is used by the FED to evaluate monetary policy. It is also the version often quoted by the media.
In addition the CPI is adjusted lowered using soft metrics such as owner's rent equivalence, quality adjustments, hedonics indices, geometric weighting, substitution effects, intervention analysis.
In turn the real GDP is created using the tamped down CPI. This, along with the fact that the GDP includes government spending, over states the GDP
41 posted on
06/09/2011 6:27:19 AM PDT by
algernonpj
(He who pays the piper . . .)
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