Congress unlike its predecessors in the 19th century has lost sight in my opinion of the value of the statistical system Andrew reamer at George Washington University has been researching the role of policy and agency funding for 20 years the first Friday of every month the stock market does something on the basis of the numbers that come out on Friday morning regarding unemployment and jobs the FED needs that data the data isn’t just important on paper it has real Market consequences which we saw play out when a weaker than expected print helped trigger a $6.4 trillion Global wipeout in August well here is a downside surprise that’s going to catch the Market’s attention $ 114,000 jobs created last month according to the BLS Michael Collins at Pim fixed income sees the difference in the quality of the data and the effect it has on how he makes his investment decisions the data is is probably less reliable today than it’s been but that being said we have so much more data right than we’ve ever had