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Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates In Data "Beat"
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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It's been readily apparent on my end for at least the past year...every time I go out to the local watering hole for a few, I'm mobbed by various acquaintances asking me if I have any work. In another horribly telling aspect, they come from all walks of occupational life. Given that I run a landscaping company, which is traditionally the butt-end of the manual labor sector, I don't even want to think about the implications too much. It's sort of like looking over the edge of the universe and straight down into the fires of hell.
On the flip side, I still don't worry about it very much...nothing would please me more than to finally see this entire puppet-show collapse under its own weight. We've put it off for a long time...decades, perhaps, but I think we're getting close to the point at which the absurdity of the official "good news" is becoming so blatant that even the most sterile and placated mind can't deny it much longer.
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So one fifth of the states respondents fudged the numbers.
Common sense would suggest using the average of the previous five months reporting, which would at least be based on something. Did they provide their methodology for generating the "plug" amount for those with missing numbers?
Acknowledging the fudged initial claims report just speaks volumes about what kind of idiots are out there.
Anyone who is a ZH regular is not suprised at this, but the Drudge link people probably are.
Drudge. Nice. Welcome to the Big Time ZH!
Is this the 1st time ZH has been linked on the DR?
We are off to full scale system wide corruption now. Hold on........
Tyler, you might want to add to the original article that California (one of the two that did their own estimates) also magically posted the best figure in the country.
Tyler, if there was justice in this world..
Zero Hedge would receive the Pulitzer Prize for Journalism and a Nobel for Economics..
What a scoop you just reported..thanks for keeping it real and me somewhat sane.
Fuck me.
The corruption continues to astound. Just when you think you've seen it all...
Its ok turd, you will be able to use your gold to keep that darn solar cover from blowing off the pool again ...
No, do it yourself. We're too busy starving.
Hahahahhahahahhahahahhahahahaaaaa.............
If you want to stop this right now, maybe it would be a
good idea if everyone stopped going to work in an
organized manner. This means stop paying all bills, mortgages,
any kind of loans or credit cards...don't pay out anything.
What are they going to do...put everyone in jail? This
country is already toast...the sooner something like this
is done, the sooner we can get back to a more ethical
and moral system...otherwise, it will continue until it falls
from it's own toxicity...and then, guess what...dump city
and their forum of merry bankers will provide a solution
(remember it is they who created what we have now)
that will attempt to enslave us even more. There is no debt if we
decide not to pay it. It's as simple as it gets.
" maybe it would be a good idea if everyone stopped going to work in anorganized manner. This means stop paying all bills, mortgages,any kind of loans or credit cards...don't pay out anything."
What are they going to do...put everyone in jail?" From what Lewis wrote in that Vanity Fair article, that sounds like Greece.
I guess they figure that if they lie to us long enough, we'll believe them!
"Keep your eyes on the swinging pendulum. You're feeling sleeeeeepy!"
That's exactly what they've done for decades.
How fucking typical of the government though that a 1 day holiday meant that they were unable to do what they were supposed to do that week. What, the holiday snuck up on them? They're so busy with all the other 'work' they have to do that they couldn't compile the numbers? Shouldn't it be autofuckingmatic?
The public sector mentality around a long weekend usually works like this (for a monday holiday):
Friday will be blown off by just about everyone because they're winding down from the long weekend.
Tuesday will be blown off by just about everyone because they've just come back from a long weekend.
The week before is now a 4 day week, they've convinced themselves you can't get anything done in a 4 day week so they don't bother. The week of the holiday is now a 3 day week, which is even worse than a 4 day week, so no point bothering trying to achieve anything that week either.
Suddenly your 1 day holiday has gone from a long weekend, to two weeks of the government getting absolutely nothing done.
Hahaha, President Moe, VP Larry, and Labor Secretary Curley do not appreciate your criticism of their handling of the situation.
Very interest TD - Funny per the report --> California & Illinois were the ONLY states reporting a DECREASE in claims of more than 1,000 for the week ending 28 August which was 'incorporated into the 4 September 2010' report - Turd Ferguson has it spot on CORRUPTION CONTINUES!
Big question is whether this has happened in previous years and if so how the estimates compared with the later revisions?
Now is this a normal annual event for Sept, or was it "totally unexpected?"
It all depends on which one sounds better when the question is finally phrased by some douche on CNBC.
No, 41 other states had time to file. And it's e first i heard if this,
Funny how we were at 504k just three weeks ago, way to screw the trend line.
The great Mark Twain had a quote for everything, and one of his oft quoted ones bears repeating:
"There are lies, damn lies, and statistics."
I have no doubt this is the motto of the BLS, probably embroided on a decorative wall hanging done by the Chief's grandmother.
In Soviet Amerika, comrades at BLS decide how many people are unemployed after much of the vodka.
The full list of states is: DC, Illinois, Idaho, Hawaii, Oklahoma, Michigan, and Washington. California and Virginia estimated themselves.
California (-4,127)
Illinois (-2,114)
Michigan (-599)
Virginia (-393)
Washington (-305)
Oklahoma (-280)
Idaho (-145)
DC (-95)
Hawaii +235
http://www.ows.doleta.gov/unemploy/claims.asp
Another win for independent media which explains the scramble by the corporates to use their political captures to shut down the emergence of a trend which is only snowballing. People are suckers for the truth and every day that passes one more person is converted and they impart their knowledge to another individual caught up on the modern day version of the Matrix.
When everything seems to align with the interests of banks, conglomerates to the detriment of the middle class on a daily basis and news articles from the propaganda machine have reached a point where they can be predicted before hand in an effort to distract or give credibility to the desired spin it ceases to be a coincidence. The Internet was the wrench in their machine since now the information is flying too fast for them to track and it is hitting people enmasse instantly. It allows for collaboration of ideas and scrutiny of the tricks that used to work that have led to our arrival at this destination point where the elites continue to fool us once last time even though we have every bit of evidence to the contrary that their central planning is leading us to serfdom. How many times do they get to be wrong and who buys their excuses any longer?
The answer is nobody unless they are distracted and cannot even be pointed in the right direction to find the truth and this is why we have seen such a growing trend in reality retardation because they have to now revert to outright manufactured drama and fairytales..anything to prevent the average Joe & Jane from finding the true causation of all our economic pains and that is the Federal Reserve and banking interest using their political pawns.
They must not permit assets to become affordable and the wealth gap must increase. When you acknowledge that the lies, false financial regulation, zero indictments for the bankers, 24 Trillion in bailouts, Federal Reserve buying stocks, Fannie & Freddie receivership, CNBC lies, falsified data, prevention of a full Federal Audit, continued IMF bailouts, forged Euro stress tests, 2nd delay of FASB 166/167, Mark to Market suspension and BASEL III delay once again all make sense.
The results are all right here in front of you:
http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-...
Anyway..what time is Jersey Shore on tonight?
People are only suckers for the truth until the truth really starts to suck. That's when you turn them to the dark side.
Luke, I'm your father. And Eddie Fisher is your grandfather.
Stocks Rise on Fake Stats
New York (AP) - Wall Street insiders continue to buy into markets today after more evidence was released this morning that the government will pump markets higher by any means possible, regardless of the true underlying state of the economy. While average investors without the stomach for this shit exit the markets in record numbers, those "in the know" continue to revel in the synthetic circle jerk that the financial markets have become.
What is the penalty? None.
If you do a poor or deceitful job in government - nothing happens.
This is why things are really falling apart. This is why people can't/won't make plans.
Too much uncertainty.
Its becoming a full time job to seek out your unemployment benefits and find some part time "work."
You are already standing in a 21st century bread line.
It's one thing for the gub'ment to push a bunch of BS on the sheeple. Many of us sorta expect that. The scary thing is that so many believe that this is truth. Too many populations under stress believed that sorta crap in the '20s & '30's and look what that ended up.
If you want to find out, go to:
http://www.financialsense.com/financial-sense-newshour
and listen to the Sept 4, first speaker for the second hour, a Nicole Foss.
Yeah, it's all bullshit, but that path leads to places we might not want to go.
sunny
When I saw the release of the claims # this morning my BS detector went off so I came right to ZH to try to discern the latest trickery. CNBC et all are useless for this. The sharp decline just dosentjive with all the other data.
I must say my BS meter pegged and started smoking when the truth came to light.
The most basket case underwater states in the union, happened to be the ones that just couldnt get the numbers out on time; AND
These states had sudden miraculous drops in claims; AND
Better off states DIDNT have sudden turnarounds; AND
The Dow is at a critical resistance level and gets ramped.
And so on..Too godamn many coincidences for even a non-PHD like myself to swallow.
Noteworthy is the fact the MSM is either glossing over or ignoring the story.
Also, since this is supposedly a contentious critical mid term season, why arent the Repubs at least hinting that the dems are fudging the #s?
Because IMO, the GOP, the DEMS, The PDs, The Fed and the MSM are all on the same page and dont really have too damn many differences since the connected all have it made in the shade.
Theyll save thier fights for gay marriage, abortion, school prayer and crap like that while keeping their gravy train going full steam by staying away from any issue that threatens their common interest of fucking over the working class.
Sorry for the incoherent rant, but Im actually very upset right now.
I guess no one ever told you that the key to happiness is lowered expectations!
Honestly, this behavior shouldn't surprise anyone.
Oh, and it's only going to get worse (which is why nobody is spilling the beans).
It's just the worlds largest game of chicken. As long as things don't get bad enough that somebody reacts, then things hopefully won't get bad enough that somebody has to react.
Then, when they do, they get blamed for destroying everything!
Like all confidence games, maintenance of the facade is paramount. Right now, they just gotta keep it going until after mid-terms.
UPDATED CHARTS:
http://stockmarket618.wordpress.com
Does anybody know if this is usual practice for the BLS? What do they normally do in the week there is a public holiday?
Truly a potemkin village, a masterpiece that only a chicago lawyer could engineer.
but its a house of cards and so, one small nudge away from reality.
I just saw CNBC while on a quick lunch break and Art Cashin came on to offer his thoughts on why the market was giving back its earlier gains, and among other sensible observations he said (paraphrasing): "well, the blogosphere is very critical of this employment report, pointing out that some states haven't reported, also the problem with Labor Day being in there, and they're not buying it."
He also said volume is vapors: "we'll be lucky to get to 800MM." Now it is the Jewish New Year celebrations so you'd expect some traders out with family . . .
CONFIRM: Cashin is a Zero Hedge reader, if not a fan. Don't tell GE.
The ruling elite is desperately trying to distract the masses with some small town preacher near Gainesville, Florida who is planning on burning the Quron/Koran this Saturday. All of a sudden the politicians and Generals are afraid that some retard who burns a holy book will upset the Muslims??????
WHAT about invading two Muslim countries and killing innocent people (along with the bad guys of course)? That won't upset them now will it.
PROPOGANDA machine in full operation this weekend to distract you from the economy. Yes - They Live!
Is there a spaceship docked on top of the CNBS studio?
Our government lying to the American people? I'm shocked!! Continual foreign wars, bankrupt govt., bureaucrats crossing the land to harass the citizens, congress not representing the People's desires....all sounds like the same reasons for the American Revolution.
Just read a great book that I recommend cause it could be our hometown one day & us defending our families. See how it could be us. Must read for what may be coming soon. It's that real!
www.booksbyoliver.com
Just reported this to the OIG of the DOL:
Inspector General,
I would like to lodge a complaint againist the DOL, BLS for fraud and deception that effects the United Stated Citizens. That Fraud is the BLS "Unemployment Reports" of weekly claims, new and ongoing. For the last 6 months the BLS statics on these UE Reports have been revised UP from the original release .. 90 PERCENT OF THE TIME!!! Either somebody is uncompetent at a 90% rate or there is fraud going on. The Stock Markets are pivoting on UE numbers so they need to be CORRECT, and not POLITICALLY CORRECT.
There are two other problems, the first is the stupid and disproved "Birth/Death" model. Totally antiquated and totally wrong, and TOTALLY OVERESTIMATES THE REPORTS OF THE EMPLOYMENT, so it understates UNEMPLOYMENT. That is another problem with the 90% wrong rating on the UE reports. Additional problems with the Birth/Death model and the way the BLS compiles and uses the data is wrong as well. They ar reporting an incorrect 9.6% Unemployment, yet this does not include all thos "unemployed", if it did we would have 16.7% Unemployment and THAT is the number that would change all, but it is not politically correct to tell that particular truth. If you add in ALL those that are having emplyment with underemployed that number is around 22%. That is one in 5 working Aemericans. WHY IS THE DOB BLS NOT REPORTING THIS???? TAXPAYERS NEED THIS INFORMATION AND CONFIRMATION TO MAKE PROPER DECISIONS. This is not only for the consumption of the political ruling class, it BELONGS TO US< the UNITED STATES CITIZENS!!!!!
The very last item is the glaring idiocy that came out this week, using "estimates (of the above flawed data) to show a "good number. 9 states did not have their numbers for the unemployment, and California and VIrginia did their estimates, however the DOL BLS did the estimates for the other 7 states. If this number is so important they need to get it right and stop all the estimating. The proof will be the next revision that has a 90% chance of being lower than the original report released.
This needs cleaned up. Everybody here in the rest of American sees this for the farcical, incompetent, and fraudulent activity that it is, and WE ARE PAYING FOR IT! CLEAN IT UP and GET DOLs ACT TOGETHER. Or close the doors if they are going to be this incompetent or corrupt. We simply do not need to pay for this.
An admirable stance, but...the truth is that they just don't care about you, your thoughts, or anything else beyond this nifty little drama that's being played out. Seriously, your best bet is to be solid with your friends and your family. The idea that anyone in the government cares about what you think or feel is hopeful at best, delusional at worst. Some asshole once said that you "change the game by playing it." I'm pretty sure that he was related to P.T. Barnum.
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An admirable stance, but...the truth is that they just don't care about you, your thoughts, or anything else beyond this nifty little drama that's being played out. Seriously, your best bet is to be solid with your friends and your family. The idea that anyone in the government cares about what you think or feel is hopeful at best, delusional at worst. Some asshole once said that you "change the game by playing it." I'm pretty sure that he was related to P.T. Barnum. Nice approach,
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