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To: Sea Otter who wrote (116662)	4/14/2008 10:43:25 PM
From: Giordano Bruno	Respond to of 306849

Close your eyes until its time to open them. -g- April 14, 2008, 12:02 pm A Slump in Economic Indicators The National Association for Business Economics sounded a warning on a topic near and dear to its heart this morning: economic indicators. A statement from the chair of the NABE’s statistics committee, Haver Analytics President Maurine Haver, asserted that “just when reliable and timely indicators are needed most, resources devoted to their production at our federal statistical agencies have been cut, requiring the termination of data series or a reduction in sample sizes used to produce the data.” Ms. Haver catalogs the casualties of budgetary tightening, writing that “the Bureau of Labor Statistics (BLS) has been forced to terminate all hours and earnings data reported for local areas as well as payroll employment for 65 small metro areas. The BLS International Price Program has also eliminated a number of series including prices of transportation services such as passenger air fares, air freight, and crude oil tanker freight. The Census Bureau will discontinue its Survey of Alterations and Repairs in May. The Bureau of Economic Analysis will reduce the level of industry detail in its county data and will eliminate the benchmark capital flow tables that provide baseline data on industry-by-industry investment by type of investment. This may only be the beginning.” Ms. Haver goes on to say the association may ask readers to write letters to representatives “in support of agency budgets as the subcommittees meet to review fiscal 2009 funding.” –Matt Phillips