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Keyword: betterthanexpected

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  • Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates

    09/09/2010 7:24:14 AM PDT · by george76 · 21 replies
    zero hedge ^ | 09/09/2010 | Tyler Durden
    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...