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Old 09-09-2010, 11:37 AM
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JimJoe JimJoe is offline
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Default Labor statistics do not mean anything
Labor statistics do not mean anything. Today the BLS announced the jobless claims dropped by 27,000, great news?? BUT most media are not reporting that 9 states did NOT report this week, including California. California and Virginia ESTIMATED theirs, and the Federal Gov estimated the other 7 states. A reporter on CNBC just suggested some investors may consider that suspicious. YA THINK!!!
No wonder small investors are fleeing the stock market in droves. These kind of statistics PLUS the Flash crash that never has been explained means growing distrust.
What do you all think of this "good news" Jobless claims numbers released today? Do you think the main stream media is covering this accurately?
JJ

Statistics are like bikinis. What they reveal is suggestive, but what they conceal is vital. ~Aaron Levenstein