Feds say they may delay the unemployment report
It is ever so amazing that the feds are now saying that they may delay the unemployment data until after the election. That really raises questions on the validity of the most recent reports. If they do delay, with last month’s major drop in the unemployment rate, we question wither the numbers originally reported for September will be significantly different. If they are then that would be a major blow to the administration that continues the mantra of a major improvement in the economy.
From our data we see a slight leveling off of unemployment, not the drop as reported by the BLS for September. The concern that we have is the low level participation rate. It continues to be the lowest that it has been since the late 1970’s – over 40 years ago!!