The numbers are in and as suspected, there was something wrong with the last unemployment numbers. California did not report their jobless claims and clearly this had an effect on the numbers. But, this is secondary.
The fact is can we trust any numbers? We have been trained to trust the government numbers, after all they were produced by independent agencies, free of bias. However, now it appears these numbers are biased leaving the investor wondering where to turn.
The answer is turn to everything. Sponge information from all resources, take in all reports and then decipher the information. Ignore the analysis, but build knowledge. Learn about the effects of inflation, deflation, higher and lower interest rates, monetary policies and housing market. Observe what is going around you. Are your neighbors and friends employed? Are businesses in your area hiring? How are things going at your place of employment. There are indicators all around us, clues as to how the economy is going. Learn to read them and drop the middle person, take away the bias opinions and trust yourself.
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