US gov. economical statistics to be discontinued as of March 1

Due to budgetary constraints, the Economic Indicators service (www.economicindicators.gov...) will be discontinued effective March 1, 2008.

The following statistics available at economicindicators.gov will be discontinued: Advance Monthly Sales for Retail and Food Services
Advance Report on Durable Goods
Construction Put in Place
Gross Domestic Product
Manufacturers' Shipments, Inventories, and Orders
Manufacturing and Trade: Inventories and Sales
Monthly Wholesale Trade
New Residential Construction
New Residential Sales
Personal Income and Outlays
Quarterly Financial Report
Quarterly Services
Retail E-Commerce Sales
U.S. International Trade in Goods and Services
U.S. International Transactions

source

What is the USG up to. First the discontinuing of M3 and now this.
You can find the 'real' statistics at this site.

I guess spending 300 billion more on the military is more important than providing statistics so the people can see the state the economy is in.

My opinion is that its getting more and more difficult for them to manipulate the statistics so they just stop to publish them altogether.

Also the iranian oil bourse just opened this weekend.
I cannot get a link of that at this moment.

I have been reading a lot about economics the last two years and the signs are getting more and more disturbing i feel a depression looming on the horizon.

p.s.: englisch is not my native language, so i appologise on forhand for spelling.

Hoorah for the US trying to hide it's failing economy! Yay!

That's ridiculous, why don't they chop a few billion off the military budgets? No? Oh... righto then.

I really try not to throw around the term "Nazi" lightly, but this move really does stink of a Nazi tactic to me. It is bad enough that all of the media is essentially controlled, but now they are making it so we can't even find out what is really going on if we try.

This is funny.. What are they telling us here..,?

that they don't enough money to monitor the market?

or they don't have enough money to keep the illusion up anymore...


wich one of the 2? :-\


One way or another, the US of A is goin down...

[edit on 19-2-2008 by PureET]

Piet, you English is just fine.

The USA has been scewing statistics for years. It started back when ex-military members were not counted as unemployed workers for the first several months after they got out of the service. The un-employment numbers were then played with to stop counting workers after they were out of work for so long. These numbers are misrepresenting the number of people actually out of work.

This lack of information may be a result of overall cutbacks by the US Federal government which started with Al Gore re-invention plan that cut hundreds of thousands of jobs and closed many agencies that were to be privatized to "save" money. This is still affecting the bureaucracy today even after 16 years.

OR, the government may have not have an approved budget this year, but is running on continuing resolutions. I know they were doing this late last year, but I do not know if a compromise was reached for this year's budget.

It's more of the mushroom treatment for the American people.

Keep them in the dark and feed them s---.

reply to post by Piet


just thought i would throw out this little tidbit....our OFFICIAL EMPLOYMENT RATE is figured like this...well, not all of it, but, if you have a 20 hour a week job at mcdonalds, and you have a college degree but cannot find a job in your field...you are counted as "1 EMPLOYED JOB"...if you are working 50 hours a week at 2 different jobs that is considered "2 EMPLOYED JOBS". if you ran out of "unemployment insurance payments" after getting laid off from a job, you are not counted as be "unemployed or employed"...thus, you are not even part of any official government employment figure.

Thank you all for your comments.
I got a e-mail today saying that the website i provided a link to earlyier will continue to publish these statistics for free.
I will post the link here again. www.shadowstats.com

strange that a (i assume for profit) website can publish this for free, while the USGov. cannot.
I think they are really stating to panic. Gold and oil are both making new record highs.

It cannot be long before the general public will start to see that what they are being told about inflation, unemployment and the general economy doesnt fit with the reality they see every day.

I live in europe and the reason i am following the economy in the US is because all economies in the world are so interconected now that if there was a depression in the US i think it wouldnt be long for Europe to follow.

I think China will come out of this the strongest. Maybe they wont have a big market to sell their products, but at least they have the factories and material to make things.
I know i am going a little bit off topic now. But I've had a feeling for a while now that China will use the olympics as a turning point to take the role of superpower from the US.

The Chinese have a curse: May you live in interesting times.
As it looks now things are getting more interesting by the day.

The economic indicators themselves were not being discontinued, merely this particular website that puts them all in one convenient place. They've since reconsidered and the site will be continued, if as a pay site.

Besides, you can still get this data free of charge from the US Federal Reserve:

research.stlouisfed.org...

Haha, oh boy, lets trust the Fed....sorry, that was just too hard to resist saying that.

reply to post by ChrisJr03


If you've got any better sources of economic data, let us know.