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Epsilon Theory on Tape: The Icarus Moment

Epsilon Theory Podcast

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Unemployment Claims in the First Obama Term

This systematic error was clearly visible and known to the bureau of labor statistics, which is staffed with very smart people. And they could have fixed it if they had wanted to. The total errors versus final revisions increased more than 18 thousand % over comparable time periods. Were there more initial jabas claims in the obama time period than in the bush time period? Yes, but only approximately 25% more.

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