Normal
Always have to be careful about theses stats.My old mate Chuck Casey used to say that if you took the L out of BLS, you would have a more accurate description of their work.Like most of the Stats people around the world, the BLS is fond of seasonal adjustments, and every month is "seasonally adjusted" to account for these non underlying anomalies. In this case, seasonal adjustments took a loss of 2.8 million employed to a 467k gain.Now thats what I call creative accounting!From Zero HedgeSecondly, its the ten year "readjustment" that the BLS do to past accounts, which shows some drastic changes to figures.There may well be valid reasons for these "adjustments", but whether valid or not, it displays just how little faith one can put in these stats.Mick
Always have to be careful about theses stats.
My old mate Chuck Casey used to say that if you took the L out of BLS, you would have a more accurate description of their work.
Like most of the Stats people around the world, the BLS is fond of seasonal adjustments, and every month is "seasonally adjusted" to account for these non underlying anomalies. In this case, seasonal adjustments took a loss of 2.8 million employed to a 467k gain.
Now thats what I call creative accounting!
From Zero Hedge
Secondly, its the ten year "readjustment" that the BLS do to past accounts, which shows some drastic changes to figures.
There may well be valid reasons for these "adjustments", but whether valid or not, it displays just how little faith one can put in these stats.
Mick
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