Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates
zero hedge ^ | 09/09/2010 | Tyler Durden

Posted on 09/09/2010 7:24:14 AM PDT by george76

The BLS has announced that as a result of the Labor Day weekend, 9 states (among which the biggest one California) did not report initial claims data to the bean counters, so instead the government had to "estimate" what the data would have been: yep, estimate, what the data was in these nine states.

Official data is now made up on the fly. This US economic data reporting has just entered the twilight zone. Also, when the data is officially made up, it is not that difficult to get data that is "better than expected." The full list of states is: DC, Illinois, Idaho, Hawaii, Oklahoma, Michigan, and Washington. California and Virginia estimated themselves.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government; News/Current Events; US: California; US: District of Columbia; US: Illinois; US: Michigan
KEYWORDS: betterthanexpected; bls; laborstatistics; unexpected; unexpectedly
Navigation: use the links below to view more comments.
first previous 1-2021-22 last
To: blam

From the article: “...It seems weird this was only conveyed to reporters, and not included in the report.”

Gee, I can’t think why that would be...


21 posted on 09/09/2010 12:45:26 PM PDT by Qbert
[ Post Reply | Private Reply | To 6 | View Replies]

To: george76
Official data is now made up on the fly. This US economic data reporting has just entered the twilight zone.

Silly writing.

Data are estimates every week. This week it was estimated at a different level and is not as reliable, but every week already contains estimates.

22 posted on 09/10/2010 1:39:35 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-22 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson