time for Obama to bust out some Milli Vanilli and “blame it on the rain”.
Damn earf-quakes and hurricanes...
A rise in jobless claims? Unexpected, no doubt. [/s]
How many of these unexpected surprises do we need to get before we start expecting them?
Even worse, job openings rise ... to the low point after the 2001 recession. What a mess!
http://confoundedinterest.wordpress.com
If anyone comes across the historical data for “initial report” and “revised” PLEASE post it here so we can plot it. I suspect there is a positive bias in the last few years, always revising up.
But on the labor stats site, they seem to only keep the revised numbers.
So I guess you’d have to pull the data from past press releases.
my sense is this would not be released on the day of Bam’s speech unless he WANTED it to be released in order to reinforce the crisis-mongering he is going to engage in tonight.
The numbers will be better next week .....
because they will represent a short work week.
Maybe, Obama will blame the increase in joblessness on
Irene and/or
the wild fires in Texas, and/or
the phase of the moon.
“Unexpected”!
How many weeks in a row has the previous numbers been ‘revised higher’?