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Subject:  Re: Unemployment number Date:  9/24/2020  3:25 PM
Author:  steve203 Number:  601122 of 618697

So worst than expected? Steve will be very disappointed?

I forgot to look for "expected" claims last night, to see if they moved the goalpost, like they did last week. Last week, in my Wednesday night post, the "consensus estimate" was for 850,000. The next morning, when the announced number was 860,000, the articles claimed the "consensus estimate" had been for 875,000, so the reported number was "better than expected".

Apparently the market no longer cares?

Between the goal post being moved, and the seasonal adjustment being rigged, the numbers may now be regarded as so corrupt they are useless.

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