Jobs: All Smoke and Mirrors

~~~~~~~~~~~~~~~~~~~~~~

Reality:

This is how Goldman showed the seasonal “hurdle” (i.e., fudge factor) going into the January print…

… and the the final adjustment factor: +517K seasonally adjusted number vs -2.505 million unadjusted, which brings us to a record 3+ million seasonal adjustment factor.

And that, dear readers, is how you convert a 2.5 million plunge in jobs into a 517K, market blow-out 9-sigma payrolls beat, which moments ago allowed Biden to brag on TV just how strong his economy truly is.

Source

    
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realwesterner
realwesterner
1 year ago

The flood of lies continues.

Rob
Rob
1 year ago

So those 150,000 jobs lost in tech alone, I guess is creating more jobs now.

Randolph Scott
Randolph Scott
1 year ago

FJB,
he is a pathological liar. Everything he speaks is a lie. He deserves a ceausescu execution. He is a traitor.

Quatermain
Quatermain
1 year ago

if you don’t automatically disbelieve anything the government is saying, you are being deceived.