Doubts Spread About Jobless ##'s, s Govt. Admits To Estimating ## In 7 States

[Soul Crusher]

Doubts Spread About Jobless Data, As Government Admits To Estimating Claims In Several States
Joe Weisenthal | Sep. 9, 2010, 9:48 AM | 226 |  4

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The initial jobless claims data was strong(er than expected), but there's a lot of chatter this morning about a note form Bloomberg:

For the latest reporting week, nine states didn’t file claims data to the Labor Department in Washington because of the federal holiday earlier this week, a Labor Department official told reporters. As a result, California and Virginia estimated their figures and the U.S. government estimated the other seven, the official said.

It seems weird this was only conveyed to reporters, and not included in the report.

That being said, the market still seems to really like the data. Stocks are up around 0.9% across the board.

Tags: Employment, Jobs | Get Alerts for these topics » Short URL  Share:


Read more: http://www.businessinsider.com/doubts-spread-about-jobless-data-as-government-admits-to-estimating-claims-in-everal-states-2010-9#ixzz0z2aENANB


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more hoax and change. 

[Soul Crusher]

Some of you guys kill me.  You complain about threads being posted about Islam, Palin, GWB, then, when posts get put up about the economy, jobsd, etc, they go ignored. 

[dario73]

Of course they go ignored.

None of the idiots that voted for Obama can defend him now. His policies have been a complete failure. Most people who voted for him will not admit they did and that is the same type of thinking in not addressing these threads. It's better for Obama nuthuggers to ignore these threads than to admit they were wrong.

[Soul Crusher]

Of course they go ignored.

None of the idiots that voted for Obama can defend him now. His policies have been a complete failure. Most people who voted for him will not admit they did and that is the same type of thinking in not addressing these threads. It's better for Obama nuthuggers to ignore these threads than to admit they were wrong.

I just posted the best article on obama yet.  Well worth the read. 

we are eseentially governed by a lunatic setting out to destroy us. 

[240 is Back]

pretty big thing that these states just forgot to file.  has this ever happened before?

[Soul Crusher]

SOURCE:  ZEROHEDGE

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Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates In Data "Beat"
Submitted by Tyler Durden on 09/09/2010 08:16 -0500

BLSBureau of Labor StatisticsIllinoisMichig anOklahoma


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. From Bloomberg: "For the latest reporting week, nine states didn’t file claims data to the Labor Department in Washington because of the Labor Day holiday earlier this week, a department official told reporters. California and Virginia estimated their figures and the U.S. government estimated the other seven." 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.

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[James]

Some of you guys kill me.  You complain about threads being posted about Islam, Palin, GWB, then, when posts get put up about the economy, jobsd, etc, they go ignored. 

same here:
http://www.getbig.com/boards/index.php?topic=347606.0

[Soul Crusher]

same here:
http://www.getbig.com/boards/index.php?topic=347606.0

BUMP