Smoke and Mirrors? China, Europe, Asia, Wall Street

[bwhhisc]

http://news.yahoo.com/s/ap/20101021/ap_on_bi_ge/world_markets

[Drewbert]

"Solid weekly U.S. jobless claims figures helped shore up sentiment at the U.S. open — the Labor Department reported that claims fell a greater than anticipated 23,000 last week to 452,000."

Compare that to...

http://www.zerohedge.com/article/bls-reports-jobs-losses-state-september-more-double-95k-loss-reported-nfp-report

"In the latest amusing discrepancy to come out of the BLS, today's reported unemployment data by state indicated that at the end of September, there was a total of 129,699,600 people employed across the various states. Not very surprisingly, the biggest deterioration occurred in California which lost 63.5 K jobs, followed by New York at 37.6K (Wall Street layoffs?) and Massachusetts at 20.9K. The total change from August's 129,923,400 employed was a drop of 223,800. Well, this is a little confusing as the NFP number for September indicated that total jobs lost were 95,000, a slightly more than 50% improvement compared to the job losses at the state level. As Zero Hedge has demonstrated, the data coming out of the BLS is statistically impossible to say the least, and at best, worthless. But now at least we are getting confirmation that just like in the Fed, there may be those within the BLS, who actually know how to count. Too bad, those are not the people in charge of actual propaganda dissemination."

[mdw]

The US statistical data should never match the state totals, that's a stupid assertion.

You guys should go outside, enjoy the fall weather. Life is just too short!