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October 10, 2013

Garbage Data or no Data. Take Your Pick.

October 10, 2013

Garbage Data or no Data. Take Your Pick.

Initial Jobless Claims (week ended 10/5/2013)

– New Claims 374,000 (seasonally adjusted.) Previous was 308,999.

– 4-week Moving Average 325,000. Previous was 305,000.

– Unadjusted Claims totaled 336,849 in the week ending October 5, an increase of 84,616 from the previous week.

The data continues to be useless.  This is caused by what has for several week been described as “a computer changeover last month” in California.

This underlies what I regard as a very important fact: unless we have accurate and timely economic data it is not possible for investors to make correct decisions, business people to make decisions or people in government making policy to make decisions. Since taxpayers are paying to have this done there should be more demand that this be done correctly.

This report comes from the Labor Department which totals data received from the states.

Import and Export Prices (September 2013)

– Not available due to inability of folks in Washington to work things out.

Treasury Budget (September 2013)

– Not available due to inability of folks in Washington to work things out.