“If we exclude the impact of the annual revision, the January readings would have been -137K for labor force and -272K for household employment.”
I think this is the employment figures version of the climatologists at NASA's hockeystick. Just made up crap that covers up the reality, under the term 'seasonal adjustment'.
There is usually a huge hiring surge in December with layoffs after the holidays.
So the labor department "Adjusts" the numbers - seasonally adjusted.
This year imo, doesn't fall under anything termed 'usual' to qualify for that adjustment.
“If we exclude the impact of the annual revision, the January readings would have been -137K for labor force and -272K for household employment.”
I think this is the employment figures version of the climatologists at NASA's hockeystick. Just made up crap that covers up the reality, under the term 'seasonal adjustment'.
There is usually a huge hiring surge in December with layoffs after the holidays. So the labor department "Adjusts" the numbers - seasonally adjusted.
This year imo, doesn't fall under anything termed 'usual' to qualify for that adjustment.
So to summarize your saying that this is a case of gaslighting?
I'm an engineer, not an employment-ologist. But I know the smell of crap and this has it.
trying to keep the market up for a few more hours.
there's been comms everywhere in financial news. amazon prime up 17%. 467 = 17. etc....
buckle up. it's habbening