The Homa Files

Now we’re up to 71 out of 72 weeks — and, at least 12 weeks in a row —  that the BLS’s “headline number” has under-reported the number of initial unemployment claims … and cast the jobs situation as brighter than it really is.

Based on Thursday’s BLS report, the number for the week ending July 14 was revised upward from 386,000 to 388,000.

In itself, the 2k isn’t a big deal.

But, in context it is

Again, I ask: statistical bias or political bias?

If the former: fix it already, BLS.

Hint to BLS: just add 2k or .8% to your prelim forecast !

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Tags: BLS, statistical bias, unemployment claims

This entry was posted on July 27, 2012 at 6:54 am and is filed under BLS, Employment - Jobs, Statistical Bias, Unemployment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.