EarlyAnnouncement.com Fills the Economic Data Vacuum Created by U.S. Government Shutdown

    BURLINGTON, VT, October 10, 2013 /24-7PressRelease/ -- Though the Bureau of Labor Statistics was unable to release the Non-Farm Payrolls report on Friday, October 4th, 2013, EarlyAnnouncement.com filled the vacuum by releasing its Social Tape Nowcast for this economic report:

(Total) Nonfarm Payrolls - M/M change:
Prior - 169 K
EarlyAnnouncement.com Nowcast - 135 K to 152 K
Decrease from Prior
Consensus Median Miss

Private Non-Farm Payrolls - M/M change:
Prior - 152 K
EarlyAnnouncement.com Nowcast - 130 K to 142 K
Decrease from Prior
Consensus Median Miss

This week's economic calendar may continue to be hampered by the U.S. Government shutdown.

"Regardless of whether the government reports come back online this week, or next month, EarlyAnnouncment.com will continue to release our Social Tape Nowcasts which carry a statistically more accurate output than the Consensus Estimates," says Carl Weiss, Co-Founder of EarlyAnnouncement.com.

What is Social Tape Nowcasting?

The Social Tape is comprised of data generated by various online activities performed by the consumers.

The footprints left by consumer centric internet based activity are the components of what we call the Social Tape.

The algorithms maintained by EarlyAnnouncement.com mine this rich Social Tape to harvest the critical elemental information that reflects the actual spending patterns of the consumers.

EarlyAnnouncement.com has developed a suite of Social Tape data mining algorithms that supply accurate consumer based behavioral data into a portfolio of proprietary quantitative models that provide us with early access to the orthogonal projection of Economic Reports prior to their scheduled releases.

EarlyAnnouncement.com's Social Tape harvested information enables traders, and investors, to gain a competitive edge by having statistics directly gleaned from correlated consumer behavior on the internet.

EarlyAnnouncement.com's Nowcasts of Economic Reports are compiled and updated throughout the reporting period. The early culling this of data provides us with the ability to beat the consensus estimate well before the 'official' announcement.

Though the data for Retail Sales is scheduled to be released this Friday, October 11th, it is unlikely that the report will be released.

EarlyAnnouncement.com will continue to publish its Nowcasts for economic indicators such as:

- Non-Farm Payrolls
- Initial Unemployment Claims
- Auto Sales
- Consumer Sentiment
- Retail Sales
- Durable Goods Sales (consumer categories)
- Housing Starts
- New Home Sales
- Existing Home Sales

EarlyAnnouncement.com is the leading provider of consumer-based economic data gleaned from Social Media.

For more information visit www.earlyannouncement.com

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