by Jason Burack of Wall St For Main St
“There are three types of lies — lies, damn lies, and statistics.”
― Benjamin Disraeli
One of the main components of stagflate and tax and lie is governments lying about and changing economic data. Since the pandemic began initial jobless claims have jumped by more than 58 million.
So it was predictable that the Bureau of Labor Statistics (BLS) and the US Department of Labor would want to change the jobless claims formula. U.S. Labor Department changes jobless claims data methodology after economic shock.
Wolf Richter of Wolfstreet.com breaks down the jobless claims formula change: Unemployment-Data Chaos: Labor Dept. Admits “Seasonal Adjustments” Went Haywire During Pandemic (why I stopped using them in May).
FULL SHOW NOTES AND LINKS HERE
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