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To: Anti-Bubba182

I have no idea what that is saying.


126 posted on 02/05/2010 8:14:41 AM PST by woweeitsme
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To: woweeitsme
"..A Labor Department survey of households found that 541,000 more Americans had jobs last month. But most of those gains were attributed to seasonal adjustments to the data. Without those adjustments, which account for reduced hiring during winter, the data show fewer people had jobs last month..."

This is saying that the gain of jobs is not real.

TrimTabs: Here's How A Flawed Holiday Seasonal Adjustment Made The Jobs Data Look Way Better Than The Reality

".. Flawed Flawed Seasonal Adjustments

Seasonal adjustments are designed to smooth out the regular ups and downs in employment over the course of a year. These adjustments assume a repetitive employment cycle and work reasonably well when the economy is growing at a steady pace year-after-year. However, when the economy turns, the seasonal adjustment methodology breaks down. In particular, the current economic downturn has persisted for almost two years and the seasonal adjustment methodology was never designed to address this type of environment.

The problem worsens during the holiday season because the BLS applies huge seasonal adjustments to account for the large number of temporary retail jobs added and then subtracted to payrolls. In the past three months, the BLS seasonal adjustments subtracted a staggering 3.5 million jobs from an adjusted job loss of 208,000. In January, when the seasonal adjustments are the largest of the year, the BLS will add anywhere from 2.0 to 2.3 million jobs to their survey results. In our opinion, applying a seasonal adjustment numbering in the millions, in order to report monthly job losses numbering in the tens of thousands, is a fool’s errand.

133 posted on 02/05/2010 8:39:36 AM PST by Anti-Bubba182
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