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 ...
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...
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.
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