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Initial Jobless Claims Plunge Due To "Computer Upgrades" And "Faulty Reporting By States"

Thursday, September 12, 2013 - 9:18 AM
 

 

Initial Jobless Claims Plunge Due To "Computer Upgrades" And "Faulty Reporting By States" | Zero Hedge

 
Specifically, a larger state and a smaller one that retooled their computer networks still provided the Labor Department with applications counts. Furthermore, the BLS also said that the decrease in filings probably didn’t signal a change in labor-market conditions. In other words, the number is garbage, and the BLS knows the reporting is faulty, but let's go ahead and report it anyway.

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MikeMike327 posts since
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