Kind of funny that there is so much anticipation for this
number, but it is proven to be inaccurate (at best), revised after
the fact, and old news. Biderman's firm, Trimtabs, gets daily
employment numbers from publicly available tax receipt info.
His numbers never jive with the "announcement".... but they
can fudge and revise anyway. Here is his rant about it:
Kind of funny that there
What do gold stocks, babies, bathwater, oil and apples have in common?
Posted by kalinm on 3rd of May 2012 at 09:15 pm
Kind of funny that there is so much anticipation for this number, but it is proven to be inaccurate (at best), revised after the fact, and old news. Biderman's firm, Trimtabs, gets daily employment numbers from publicly available tax receipt info. His numbers never jive with the "announcement".... but they can fudge and revise anyway. Here is his rant about it:
http://www.zerohedge.com/news/why-you-shouldnt-trust-tomorrows-bls-number