EricH

Leading Indicators: They're Usually Late

You say "job losses increased, but the *rate decreased"; you'z been fooled... The real job loss number for December was AT LEAST 750K and probably more. Over the past quarter they've been understating job loss numbers each month and the next month they go back and upward revise the prior 2-3 months numbers to wash down the current month's numbers. This month they revised up October and Nobember numbers to make December look like 524K, and next month when we're all focusing upon January's numbers they'll revise up December's numbers by 100-150K JUST WATCH!!!!