The group of statisticians that is supposed to track things like Unemployment are now on unemployment. They became their own statistic. Tomorrow, the Bureau of Labor Statistics is supposed to come out with their monthly jobs report; except they won’t, because there’s no one actually working in the Bureau of Labor Statistics anymore since the government shutdown.
People like myself, Ezra Klein, Paul Krugman, Noah, Smith, half the faculty at Cornell, and a myriad of Sociologists and Economists will not be able to comb through data, make shiny charts, and have an “A-HA” moment.
Pretty Labor charts are suspended until the OECD comes out with their data at the end of the year; which may not be accurate for the U.S.
We will also not be able to tell just how the REAL economy – meaning the workforce that actually makes allocation of money possible – is doing in this mess. No one can.
Congress doesn’t have the sense that God gave a doughnut.
Both the Dems and the GOP could have used the jobs report as political capital. Was there more or less unemployment? Each could have used their ideology to explain why.
So beware of any politician claiming any numbers regarding jobs, because such numbers just don’t exist any more.