CAUSE AND EFFECT?

Can we believe anything the government tells us anymore?

"Another improvement in the jobs number. 451,000 for the week is better than the 475,000 that analysts were expecting.

Stocks are rallying, with the S&P 500 up about 0.8%."

Business Insider

The initial jobless claims data was strong(er than expected), but there's a lot of chatter this morning about a note form Bloomberg:

For the latest reporting week, nine states didn’t file claims data to the Labor Department in Washington because of the federal holiday earlier this week, a Labor Department official told reporters. As a result, California and Virginia estimated their figures and the U.S. government estimated the other seven, the official said.

Business Insider