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BLS Reports Jobs Losses By State In September More Than Double 95K Loss Reported In NFP Report

Tyler Durden's picture





 

In the latest amusing discrepancy to come out of the BLS, today's reported unemployment data by state indicated that at the end of September, there was a total of 129,699,600 people employed across the various states. Not very surprisingly, the biggest deterioration occurred in California which lost 63.5 K jobs, followed by New York at 37.6K (Wall Street layoffs?) and Massachusetts at 20.9K. The total change from August's 129,923,400 employed was a drop of 223,800. Well, this is a little confusing as the NFP number for September indicated that total jobs lost were 95,000, a slightly more than 50% improvement compared to the job losses at the state level. As Zero Hedge has demonstrated, the data coming out of the BLS is statistically impossible to say the least, and at best, worthless. But now at least we are getting confirmation that just like in the Fed, there may be those within the BLS, who actually know how to count. Too bad, those are not the people in charge of actual propaganda dissemination.

 


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Fri, 10/22/2010 - 11:10 | Link to Comment Calls and Putz
Calls and Putz's picture

The NFP number uses all 57 of Obama's states, hence the discrepency. 

Fri, 10/22/2010 - 13:17 | Link to Comment Anonymouse
Anonymouse's picture

+57

Fri, 10/22/2010 - 11:11 | Link to Comment NOTW777
NOTW777's picture

obamanation

Fri, 10/22/2010 - 11:13 | Link to Comment NOTW777
NOTW777's picture

"the biggest deterioration occurred in California which lost 63.5 K jobs"

and yet the dems lead in the polls;

jane wells of cnbc doing her part to rep jbrown

Fri, 10/22/2010 - 11:15 | Link to Comment the not so migh...
the not so mighty maximiza's picture

I think it is called learned helplessness.   They love their slave masters.

Fri, 10/22/2010 - 11:25 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Stockholm syndrome and abused spouse syndrome writ large. California large. America large.

Fri, 10/22/2010 - 12:13 | Link to Comment fuu
fuu's picture

So sad people junk the truth.

Fri, 10/22/2010 - 12:34 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

A captured mind will fight to remain captured.

Fri, 10/22/2010 - 11:50 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

That's stockholm syndrome.

Fri, 10/22/2010 - 11:19 | Link to Comment Printfaster
Printfaster's picture

Californians don't need jobs. 

They got government cheese.

 

Fri, 10/22/2010 - 12:04 | Link to Comment NOTW777
NOTW777's picture

its bizarre - everyone driving around with new cars and iphones; restaurants crowded

does anyone work?

Fri, 10/22/2010 - 13:03 | Link to Comment Eternal Student
Eternal Student's picture

And don't forget that housing prices are up significantly; the best in the Nation according to Case-Shiller. So, yes, people are working. At least certain jobs.

For the SF Bay area, the best that I can figure is that companies have gone out and gotten a lot of cheap credit, and have spent that on Cap-Ex in anticipation of the "business recovery". This is the supposed "cash-on-the-sidelines", or debt-on-the-sidelines, depending on how you look at it.

If there isn't any business recovery, well, then techs are going to be hurting.

Fri, 10/22/2010 - 13:16 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Everyone is in debt to their ears! That is why they have new cars, iphones and etc. Take away the debt fix, the repo man will have a party.

Mon, 10/25/2010 - 16:31 | Link to Comment dizzyfingers
dizzyfingers's picture

Buying, buying, buying (whether they can pay or not) is what drives the credit rating up!! OF COURSE they're buying every new toy that comes along -- how do you think they got those high credit ratings that made them prime candidates for all those liar loans, over and over again?

 

Don't be so silly!! It's the way things are supposed to work now.

Fri, 10/22/2010 - 13:48 | Link to Comment divide_by_zero
divide_by_zero's picture

Doesn't help that we have 30% of the national welfare headcount and the Motor Voter law has registered untold illegals (google - motor voter immigrant illegal congressional record and read on). Then add to that the amount of govie workers out here, K-12 plus college indoctrination programs, etc. More than enough to throw an election.

Mon, 10/25/2010 - 16:35 | Link to Comment dizzyfingers
dizzyfingers's picture

Here's a good article:

http://www.thecuttingedgenews.com/index.php?article=691

Disheartening isn't it?

Fri, 10/22/2010 - 14:06 | Link to Comment midtowng
midtowng's picture

Why shouldn't the Dems lead in the polls? It's not like the Repubs would do a better job.

Fri, 10/22/2010 - 11:14 | Link to Comment papaswamp
papaswamp's picture

Oh that is just an ugly number....so real UE (BLS numbers) is closer to 20%? I know if all those NILFs are counted it would really be around 23%.

Fri, 10/22/2010 - 11:19 | Link to Comment Miles Kendig
Miles Kendig's picture

The system does not know how not to lie.  Lying is baked into the cake.  Just like the old Soviet Union where its version of macro centricism led to the same kinds of crap.  Bad data, bad decisions, bad outcomes, failed orthodoxy..  A-B-C, 1-2-3 was good enough for Michael to turn a buck ... Just think of it, a guy with his proclivities would have been an HFT'er if he had gone to the street

http://www.youtube.com/watch?v=tArmHN4j3qQ

Fri, 10/22/2010 - 14:05 | Link to Comment midtowng
midtowng's picture

We should go easy on the BLS. When you lie all the time it gets hard to keep track of them all.

Fri, 10/22/2010 - 11:17 | Link to Comment Matto
Matto's picture

What a joke - just a pity its not funny.

Fri, 10/22/2010 - 11:18 | Link to Comment Ratscam
Ratscam's picture

don't see any problems here.

Everything looks good.

Scam as usual.

Wait until November for some rock 'n' roll!

Mon, 10/25/2010 - 16:39 | Link to Comment dizzyfingers
dizzyfingers's picture

Chicago pols already are alerting voters to stay up until the wee hours on election night, that "something" is going to happen while everyone's sleeping.

The unions are on high alert and ready for action.

Fri, 10/22/2010 - 11:23 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Tyler

Yours is not to question why, yours is but to do and dine.

Fri, 10/22/2010 - 11:25 | Link to Comment His Dudeness
His Dudeness's picture

Too early for noodles?

Fri, 10/22/2010 - 12:14 | Link to Comment fuu
fuu's picture

I used to eat at that place. Good noodles.

Fri, 10/22/2010 - 11:27 | Link to Comment SumoPower
SumoPower's picture

yeah... maybe farms fired the difference....

Fri, 10/22/2010 - 11:26 | Link to Comment lsbumblebee
lsbumblebee's picture

I've talked to a BLS spokesperson and this is how it was calculated:

Round off 129,923,400 to 129,923. Add 95,000 to 129,923 and you get 224,923. 

That's VERY close to 223,800.

Fri, 10/22/2010 - 11:27 | Link to Comment SheepDog-One
SheepDog-One's picture

WOW see the total lie that is Yahoo! Finance headline right now which states 'Unemployment drops in 23 states' or whatever the number is....maximum density on the media propaganda job to dark matter density!!

Fri, 10/22/2010 - 11:30 | Link to Comment HarryWanger
HarryWanger's picture

It's true. 23 states saw decreases in unemployment and 11 saw increases. Nothing great but going in the right direction again. Like I said - a painfully slow slog increasing ever so slightly. That's our economy for the foreseeable future.

Fri, 10/22/2010 - 11:34 | Link to Comment SheepDog-One
SheepDog-One's picture

BS, you wont see any slow slogging, the govt has under reported unemployment data by millions, real unemployment is 23.5%, and G20 just told Geithner to go fuck himself read Tech Ticker headline 'G20 tells Geithner 'You must be Joking'? LOL slow slog my ass, sudden implosion soon.

Mon, 10/25/2010 - 16:41 | Link to Comment dizzyfingers
dizzyfingers's picture

I'm with you sheepdogone.

Fri, 10/22/2010 - 11:49 | Link to Comment Gene Parmesan
Gene Parmesan's picture

It's true! The government said so!

Fri, 10/22/2010 - 11:53 | Link to Comment HarryWanger
HarryWanger's picture

I was referring to the comment that Yahoo headline was a "lie". It's not. If states reported figures that showed improvement in 23 states vs. a deterioration in 11 states, then Yahoo's headline is indeed correct.

Not every headline everywhere is a conspiracy, gang.

Fri, 10/22/2010 - 12:14 | Link to Comment subqtaneous
subqtaneous's picture

You might actually **read** the article associated w/the headline.  If you did, then you'd know that it isn't due to the fact that people are actually being hired, or going back to work that accounts for the drop.

 

Fri, 10/22/2010 - 12:27 | Link to Comment SheepDog-One
SheepDog-One's picture

Yes well I was talking about the ONE SIDED nature of the headline spin! Oh, they forgot to mention the increase in other states, and also the flat out lie of the whole thing to begin with.
And yes, it IS a conspiracy when an article sifts out only what they want to report, pure Pravda.

Mon, 10/25/2010 - 16:42 | Link to Comment dizzyfingers
dizzyfingers's picture

Again, I think you're right, sdo.

Fri, 10/22/2010 - 11:54 | Link to Comment hambone
hambone's picture

Hairy,

c'mon...going the right direction?  That's like saying to somebody planning to go from Portland to Seattle that their trip will travel through Denver, St. Louis, and Newark before arriving in Missoula?!?  If that's what you mean by right direction, I totally agree.

The economic gale force winds of stimulus, 0% interest rates, historic low tax rates, huge trade deficits, (blah blah) are being used as a tailwind but taking us farther and farther away from our destination of sustainability.  If / when we do decide we do want a future, the turn into those headwinds could be so difficult as to wreck our miserable economy.

The "right direction" would be to begin the painful, unpopular unwinding of massive government props so endemic in our economy...slowly but clearly stating the free market will return, entitlements will be lessened, moral hazard removed, perverse tax incentives ended, bailouts rescinded...and this should be every bit as true for the top 1% as the bottom 20% of our society.

Fri, 10/22/2010 - 11:54 | Link to Comment HarryWanger
HarryWanger's picture

Yes, a painfully slow slog is what it is. It's not like you're trying to get to Seattle from Portland and heading through Mexico, right? It's not getting worse and we're seeing little bits of improvement. Tiny, yes, but that's how it's going to be for quite a while.

Fri, 10/22/2010 - 12:04 | Link to Comment Nathan Muir
Nathan Muir's picture

Harry, if more people are unemployed today than yesterday we are not going in the right direction.

Fri, 10/22/2010 - 12:07 | Link to Comment hambone
hambone's picture

Harry,

I actually appreciate your POV and enjoy your postings.  However, I don't share your belief that things are getting better.  The monthly employment gains / corporate earnings are coming at a far greater expense than the benefit being generated.  Net - net we are losing ground day by day, month by month.  I understand the plan is to muddle through but unfortunately the math of budget deficits, unfunded liabilities, and transfer payments are growing too fast to be addressed by anything but Chinese like GDP #'s. 

The impact of this realization on business leaders and financiers in this country is toxic.  Folks know this is a short term blip and are acting accordingly only further retarding a "recovery".

Fri, 10/22/2010 - 12:37 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

The ONLY thing telling us that things are getting better are those vested interests that will benefit from telling us things are getting better.

All other "evidence" is contrary.

Fri, 10/22/2010 - 14:23 | Link to Comment Temporalist
Temporalist's picture

Nearly the lowest mortgage rates in history and people still aren't buying.  Unemployment, if used by the days standards, is nearly as high as The Great Depression and trending up.  Credit contracting and savings increasing (although for what is anyone's guess since the interest is worthless as the dollar drops and inflation for items people need is actually here).  Record highs in welfare/food stamps recipients.  There is more debt in school loans (that means kids are in major debt) more than debt for credit cards.  There were record foreclosures but a good thing they put a stop to those.  The rich are being bailed out and the little people are being robbed and thrown in jail for petty issues.  Oh and btw every mortgage that is bundled in to MBS and all the derivatives of derivatives is suspect but it may not matter because every regulatory agency, industry, politician and central bank are complicit in enslaving the world in their global crime syndicate.  

Bill Black was just on Bloomberg and said there were thousands held responsible for the S&L scandal and nobody has done any time for what is happening presently.  I guess if they throw one person in they will have to throw them all in the big house and politicians and banksters can't have that.  Martin Armstrong discusses this among other things:

http://www.martinarmstrong.org/files/Nice%20Try%20but%20No%20Cigar%2010-...

Mon, 10/25/2010 - 16:45 | Link to Comment dizzyfingers
dizzyfingers's picture

...and there's another breath of fresh air. Thanks.

Truth may hurt but we can't continue to have an economy -- or a government -- of lies. Soon may both liar-based entities topple and be replaced with something "sustainable".

Fri, 10/22/2010 - 11:36 | Link to Comment Printfaster
Printfaster's picture

The unemployment is dropping in those states because the number of nongovernment workers to disemploy is dropping.

To unemploy someone, first you need a job.

 

Fri, 10/22/2010 - 12:28 | Link to Comment SheepDog-One
SheepDog-One's picture

'Disemploy'...I like it!

Fri, 10/22/2010 - 11:30 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

c'mon now, give them a break, consistency is the hobgoblin of small minds, don't ya know?  our government would never lie to the people (except of course Gulf of Tonking, Iraq WMD, ...).

Fri, 10/22/2010 - 11:31 | Link to Comment firstdivision
firstdivision's picture

WTF, Texas went on a hell of a hiring spree.  How many toll booths did they erect to throw those 152k in, or do they count anyone getting an unemployment check as a government employee?

Fri, 10/22/2010 - 11:35 | Link to Comment SheepDog-One
SheepDog-One's picture

THATS the ticket, anyone getting gooberment assistance checks is counted as a gooberment employee.

Fri, 10/22/2010 - 11:39 | Link to Comment tmosley
tmosley's picture

They really are the same thing, save that the welfare recipient doesn't stop other people from conducting business like a normal government employee.

We'd be better off if they just fired all the government workers and paid them their current salary to sit at home and do nothing.  Then some of us productive members of society could get out there and actually produce, rather than hoarding capital due to a hostile regulatory environment.

Mon, 10/25/2010 - 16:49 | Link to Comment dizzyfingers
dizzyfingers's picture

You uncovered a kernel of wisdom... how about minimum wage for congress and bureaucrats, and no benefits. Same at the state level. If folks who work for taxpayers (taxpayers, meaning those who have productive jobs) want retirement, they have to fund it themselves.

Fri, 10/22/2010 - 12:35 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

I am in Texas, and my eyes, businesses, and fellow business people all tell me that the local economy is doing well.  Of course, Texas is a Right to Work* state, few unions, no state income tax, and our state legislature only meets every other year for just a few months.  Ron Paul is one of our Congressmen.  Did I mention we passed tort reform?  It is sunny and 80 degrees outside right now. 

Texas posted a $35.4 billion trade surplus during 2009.

http://www.bizjournals.com/houston/stories/2004/08/30/focus10.html

http://awesomeamerica.com/texas/texasScenery2.jpg

Fri, 10/22/2010 - 13:20 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Hedgeless, I live in Austin. All I see is empty commercial space for rent and residential real estate for sale.

Fri, 10/22/2010 - 13:25 | Link to Comment bugs_
bugs_'s picture

ditto dallas/fort-worth.

Fri, 10/22/2010 - 14:49 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

I have been in Dallas and Austin many times over the last several months.  You are both full of shit.

As you all know, I am about as gloom and doom as anyone here (ZH), but the local economy in Houston is really doing just fine.  I do think we are fucked as a nation, due to debt and plummeting EROEI for oil, but we have it pretty good here in Texas right now.  Thank God!  It allows those of us paying attention the opportunity to more quickly earn the capital required to get over the reaction hump to disintermediation.

 

Mon, 10/25/2010 - 16:52 | Link to Comment dizzyfingers
dizzyfingers's picture

I've been thinking for some time that Texas might be an interesting place to consider when not if things crash in "the north". Right to work, tort reform, no state income tax, legislature meeting sporadically... music to my ears.

Fri, 10/22/2010 - 11:35 | Link to Comment ewmayer
ewmayer's picture

I was about to make a snarky comment about having to set one's HAL9000 unemployment computer to "BLS rounding mode", but I see lsbumblebee "jumped the snark" better. ;)

Fri, 10/22/2010 - 11:37 | Link to Comment His Dudeness
His Dudeness's picture

Question, during booming times in the economy (tinfoil hat and area '52' stuff) does the BLS have a track record of downward revisions of the monthly unemployment numbers because that's just the way they operate?

[i.e., data is not available from all sources at press time, so they estimate it, knowing the markets are (supposedly) watching what they report, and not wanting to overly effect the market negatively (or positively), they try to guesstimate it?]

So, what I'm really asking is: Are we(ZH?) saying that 'the painters are always leaving surfaces with wet paint', without understanding that's how surfaces are when you paint them? (That was a right-sided brain (artist) question!)

Also, who's up for noodles today?

Fri, 10/22/2010 - 11:40 | Link to Comment themosmitsos
themosmitsos's picture

We've all got our pet peaves, and this one is mine, imo worse than any algo/HFT/Quote Stuffing/Ponzi scheme[etc], because it's by the goverment. And BUSH started it.

I'd LOVE to see someone do a FULL analysis[if there is one I haven't seen it], that crunches the REAL jobs data, and not this fucking bullshit they publish every week. I'll bet ANYTHING that in addition to the big banger -700k months, EVERY SINGLE MONTH over the last 24/28 would post a MINIMUM -200k when taking into account immigration, birth/death massaging, simply not counting everyone who is employable in the top line, and just plain old rolling 'em off the roll through end of unemployment benefits, AND MORE. Probably > -300k, every month, the last 24. Every month. I'll bet we wouldn't post a single weekly < -600k.

I mean every week/month they revise the previous down, and then AGAIN the next month, and then AGAIN on the quarterlies. They even ADMIT that much! Imagine the real data.

Bitchez

Fri, 10/22/2010 - 12:03 | Link to Comment notadouche
notadouche's picture

Employment data lies started well before Bush.  Try going all the way back to Kennedy.   You give Bush too much credit as many Bush haters do.  On one hand he was too stupid to know his way around a library (McCartney) on the other he was the mastermind behind all that invented statistical lying in Washington.  He's not the only evil.  He wasn't the first evil, he's not the last evil.  He's just one in a long line including the clowns in Washington now.  

Mon, 10/25/2010 - 17:05 | Link to Comment dizzyfingers
dizzyfingers's picture

It's true, it's true. The trajectory has been down for such a long time... but we've been so busy "winning" elections (both sides) that we just didn't notice we were sliding down the slope.

 

Elections don't solve anything. They're bread and circuses for the stupid.

 

 

Fri, 10/22/2010 - 12:33 | Link to Comment lsbumblebee
lsbumblebee's picture

No pardon for Bush, but I think the Birth/Death Model began with Clinton.

Fri, 10/22/2010 - 11:38 | Link to Comment crosey
crosey's picture

The socialist states of California, New York, and Massachusetts lead the pack of Keynesian failures.  How appropriate.

Fri, 10/22/2010 - 12:58 | Link to Comment docj
docj's picture

Heh - yeah, the Cadillac of Governors (Coupe Deval Patrick, D-MA) in his "I deserve to be re-elected" ads is touting how MA has added 62K jobs this year.  Well, we've shed over 21k the last 2-months so I suppose that nets out to about 41k jobs during "Recovery Summer".

Only 259K to go before we're at par with 2008, so at this rate he'll be running for a third term before we're even close.

Yep, that's a record to run on!

Fri, 10/22/2010 - 11:39 | Link to Comment Headbanger
Headbanger's picture

But please don't tell the proles, it only confuses them about buying an iPhone or Android.

Fri, 10/22/2010 - 12:21 | Link to Comment Hubbs
Hubbs's picture

Hey Headbanger, where'd you get that cool emoticon? This is exactly how I feel.In fact have even been sent to anger management. Speaking of blood, what is the small unsophisticated investor to do. Sit on a money markets and be bled slowly and inexorably to death, or try to jump in the cock fighting pits of a market and risk getting decapitated in one swoop?

Fri, 10/22/2010 - 11:41 | Link to Comment notadouche
notadouche's picture

Only two types of stats.  Lies and damned lies and two types of politicians, liars and damned liars.  November will mean nothing to this nation.  It's like the South Park episode where the election comes down to a choice between a giant douche and a turd sandwich.  Right after the election there will be no more use in pretending all is well and the house of cards come tumbling down, no matter the outcome.  There are no Mr. Smith's going to Washington and there never will be.  

Mon, 10/25/2010 - 17:08 | Link to Comment dizzyfingers
dizzyfingers's picture

thank you. it's a relief to read that. so true and so few notice its truth.

Fri, 10/22/2010 - 11:58 | Link to Comment treemagnet
treemagnet's picture

unemployment checks and food stamps...I can't believe that stupid twit said that outloud...twice!

Fri, 10/22/2010 - 12:00 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

The BLS statisticians were formerly employed packaging MBS for Norwegian investors

Fri, 10/22/2010 - 12:25 | Link to Comment Confused Indian
Confused Indian's picture

Guess what.. a new legislation will be being passed next week, barring the jobless to vote, as their votes will be biased against the dems, and this is against the democracy.

Only future-jobless would be given a chance to vote for dems as a vote for thankx coz dems have spared them so far.

;-)

Fri, 10/22/2010 - 13:02 | Link to Comment LoneCapitalist
LoneCapitalist's picture

Many jobless vote for dems. to keep extending the government tit.

Fri, 10/22/2010 - 13:17 | Link to Comment tom
tom's picture

I can't find the September data. The link from this article goes to the report for August, as if that were the latest available.

This page -

http://www.bls.gov/bls/newsrels.htm

 - includes a link to what is purported to be the report for September, but it actually links to the report for August.

Did they pull the September report, or what?

Fri, 10/22/2010 - 13:18 | Link to Comment spartan117
spartan117's picture

All those unemployed folks must be eating at Chipotles.  Look at CMG go.  It's like 1999 all over again.

Fri, 10/22/2010 - 13:25 | Link to Comment Der Spieler
Der Spieler's picture

Trillions more please.....

Fri, 10/22/2010 - 14:05 | Link to Comment -1Delta
-1Delta's picture

TYLER if you think this is bad.... run the private payroll data vs ADP numbers. Both on a MoM change and yoy basis. You will notice off becomes more off.... oh and the absolute values are fund to compare too...  PPT statistics have one sided error (OLS my ass)-Absolutely bullshit

Fri, 10/22/2010 - 14:32 | Link to Comment CompletePete
CompletePete's picture

For an even more interesting spin on the BLS data, check out the table put together by Rep. Dave Camp where he compares state-by-state job losses/gains against what Christina Romer said would be the state-by-state jobs impact of the American Recovery and Reinvestment Act.

http://republicans.waysandmeans.house.gov/News/DocumentSingle.aspx?Docum...

Of the 50-states, plus DC, there are only three that have exceeded expections on job creation. The biggest overachiever not surprisingly was the District of Columbia.  Every other state, except New Hampshire and North Dakota, have seen negative job growth and in some instances big-time negative jobs growth.

Bottom line: Over 3 million jobs were promised if the stimulus was passed and we've ended up losing more than 2 million jobs.

Fri, 10/22/2010 - 14:48 | Link to Comment tom
tom's picture

The link to the September report is working again. They must have pulled it, corrected something, and reposted. Tyler, did you save the version you were looking at? But I don't see any obvious differences from your description.

Fri, 10/22/2010 - 17:00 | Link to Comment Gimp
Gimp's picture

The corrupt cabal in DC must hate the Internet it exposes all of their BS.

Expect internet controls coming soon...

Fri, 10/22/2010 - 18:56 | Link to Comment Something Wicke...
Something Wicked This Way Comes's picture

TD...You have successfully given me an aneurysm. I am now typing with one hand and fondling my brain with the other

Sat, 10/23/2010 - 03:36 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

It's late and I'm meandering through the threads. I'm listening to Debussy: Claire de lune. I've got an old sweet vermouth by my side. What a strange movie like experience it is to read the outstretched words; ones screaming for communion, crying impotence, needing hope, desperately trying to avoid despair, forcing laughter, bouts of anger, and confusion paramount.  

Yet still, I'm addicted by the desire I see unfolding at Zerohedge. 

http://www.youtube.com/watch?v=s2XzoA94Zws   (great version performed by Maria Kovazlski)

Tue, 10/26/2010 - 21:45 | Link to Comment Sewerduck
Sewerduck's picture

He didn't read the technical note to the report that explains why the exercise he went through is meaningless, apparently: "BLS does not compile a 'sum-of-states' employment series, and cautions users that such a series is subject to a relatively large and volatile error structure."

I work for the government and do not believe there could exist some data manipulation conspiracy.  No way they could keep a lid on it, too many people to "hush" and besides this isn't even worthy of going to those lengths over.  This somewhat reckless "research" makes me question many of the things I have read on here. Just be careful and verify yourself.


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