Thursday morning,
8:30 am eastern time, first time claim numbers will be released,
and, Friday, the Feds will publish the unemployment numbers for the
month of September.
Remember last week?
We jumped from the creation of around 120,000 new jobs for the
month, to a whopping 873,000 jobs. We called this for what it
was, "an impossible lie!!," just in time for the election.
Well, how times have changed in just seven days.
ADP, the firm that
prepares the unemployment numbers for the Feds, each month, is
joining itself to a partnership with Moody's Analytics, beginning now.
The accuracy of this new accounting partnership will be on display,
beginning tomorrow. I believe the Department of Labor so disqualified
itself as a reporting institution, that this change was a necessity. It
only surprises me as to the quickness of the adjustment.
Thursday and Friday should be full of a whole
new world of economic trick or treat. Should be a hoot.
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