Due to the government shutdown the Bureau of Labor Statistics is not publishing the regular Unemployment statistics.
The Federal Reserve Bank of Atlanta President, Dennis Lockhart, says that it is fortunate that the FED chose not to begin “tapering” the money stimulus under the circumstances. “We avoided a potentially very awkward situation of reducing stimulus just on the eve of what now has developed” he said.
Whether the Quantitative Easing is actually having much of an effect on unemployment or not is a discussion for another day. But as we said in a recent article entitled: What’s So Bad about Shutting the Government Down? since we don’t have BLS numbers we will turn to the free market and get our numbers elsewhere. Besides, free market numbers are probably more accurate anyway.
Speaking of accuracy, according to [Read more…] about Government Shutdown Delays Unemployment Data