brian0918 Posted September 9, 2010 Report Share Posted September 9, 2010 (edited) The weekly jobless claims dropped much more than expected, and economists are already signaling that the "double-dip" recession has been averted, and the economy is back on solid ground. But then it turns out that 9 of the 50 states did not even report their numbers for this last week, due to the Labor Day holiday - and those 9 states collectively represent almost one third of the total claims. Rather than release a partial result, the state and federal governments decided to estimate the numbers for those 9 states. And an analysis of past government estimates of jobless claims shows that 90% of the time, they estimate too low, based on later revisions to the data. Edited September 9, 2010 by brian0918 Quote Link to comment Share on other sites More sharing options...
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