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View Full Version : Obama Administration made up latest jobs numbers



Jfor
09-09-2010, 10:20 AM
http://www.zerohedge.com/article/nine-states-did-not-file-initial-claims-data-due-labor-day-hundreds-thousands-estimates-data

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 didnít 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.

Odysseus
09-09-2010, 01:13 PM
http://www.zerohedge.com/article/nine-states-did-not-file-initial-claims-data-due-labor-day-hundreds-thousands-estimates-data

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 didnít 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.

That would explain why unemployment is suddenly being reported at 5.5% :D

It's a good trick. Can I use my estimate of how much I owe in taxes instead of filing a 1040?

noonwitch
09-09-2010, 01:38 PM
That would explain why unemployment is suddenly being reported at 5.5% :D

It's a good trick. Can I use my estimate of how much I owe in taxes instead of filing a 1040?

The gas company sends "estimated bills" when they can't catch you at home to do a meter reading.

djones520
09-09-2010, 01:52 PM
The gas company sends "estimated bills" when they can't catch you at home to do a meter reading.

So can we send "estimated payments" in return?

PoliCon
09-09-2010, 01:55 PM
The gas company sends "estimated bills" when they can't catch you at home to do a meter reading.

They also do that just before a rate hike. The estimate low - raise the rates come in and take a reading - and make you pay the higher rate for product you used the previous month(s).

marv
09-09-2010, 02:10 PM
I've estimated my state income tax at zero for two years now. The state doesn't send out the instruction booklet, tax tables and forms, or provide them at the Post Office or library anymore. I estimate they don't need money....... http://www.fullsizebronco.com/forum/images/smilies/shrug.gif

hazlnut
09-09-2010, 05:53 PM
http://www.zerohedge.com/article/nine-states-did-not-file-initial-claims-data-due-labor-day-hundreds-thousands-estimates-data

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 didnít 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.

I guess it's too much to ask what the actual difference between the estimates and the numbers reported on Tues. How far off were they?

Odysseus
09-09-2010, 06:44 PM
I guess it's too much to ask what the actual difference between the estimates and the numbers reported on Tues. How far off were they?

We won't know for another week. That's the beauty of it. But, of the 9 states that estimated their claims, only Hawaii showed an increase +235, with the net change of the group being (-7,821) and CA/IL leading that pack with (-4,127) and (-2,114), respectively. And, of course, California was one of the two states that provided its own guess.

Proud Infidel
09-13-2010, 10:51 AM
That would explain why unemployment is suddenly being reported at 5.5% :D

It's a good trick. Can I use my estimate of how much I owe in taxes instead of filing a 1040?

D-MN GOOD IDEA, can I do it too??:D

"Facts are stubborn things." - Ronald Reagan And if the facts aren't what libs want them to be, they try to pass us fiction!

lacarnut
09-13-2010, 01:59 PM
The gas company sends "estimated bills" when they can't catch you at home to do a meter reading.

So, if the gas company send you a bill tripling the previous month bill, are you going to pay it like a dummy or are you going to call and complain that something is not right? That same logic could/should apply to fabricated figures made up by the government.

NJCardFan
09-13-2010, 08:13 PM
The gas company sends "estimated bills" when they can't catch you at home to do a meter reading.

Ah but the catch is they never low ball themselves.