Thursday, December 3, 2009
Lots of speculation today, triggered by White House Press Secretary Gibbs' remark that the unemployment rate might "tick up" tomorrow. Bob Stein, who works with Brian Wesbury now and at Treasury for four years prior, says "I highly doubt the White House has seen the data yet. I think they are just getting in front of a downside possibility, and making an unchanged jobless rate seem like a victory." Check out the link for a full explanation of why it is extremely unlikely that the White House has seen tomorrow's number.
Posted by Scott Grannis at 11:48 AM