Tag Archive for 50 States

Philly Fed Says 48 of 50 State Economies to Grow

The Federal Reserve Bank of Philadelphia today released the leading indexes for the 50 states for April 2012. The leading indexes are a six-month forecast of the state coincident indexes, which reflect current economic activity in each state. Forty-eight state coincident indexes are projected to grow over the next six months, while two are projected…

Just How Bad Is This Week’s Unemployment Claims Data? Not Bad At All

The mainstream media today reported an increase in initial jobless claims this week to 380,000, an increase of 13,000. This was another huge miss for the consensus of conomists, where the central tendency of expectations was for 359,000 initial claims. The conomic establishment continues to prove its worth week in and week out. The question…

Economists Surprised Again By Unemployment Claims, Should Not Have Been

The mainstream media proclaimed an unexpected “beat” of the first time unemployment claims number today. The fake, seasonally fudged number dropped to 358,000 in the week ended February 4. According to Bloomberg, the consensus of economists’ expectations was for 370,000. Aside from the fact that whether economists get a forecast right or not seems to…