August Payrolls Data Actually Strong

by Lee Adler, The Wall Street Examiner The Bureau of Labor Statistics (BLS) must be staffed with Republicans. There’s something wrong with the headline number this month. It is consistent with the pattern of the past 5 months where the seasonally adjusted (SA) headline numbers appear to understate the trend of the actual, not seasonally adjusted …

Unemployment Claims: Worse than Expected but Improvement Trend Still Intact

by Lee Adler, The Wall Street Examiner The Labor Department reported today that seasonally adjusted (SA) first time claims for unemployment were up by 34,000 to 386,000. Unfortunately, both the total and the change are categorically and demonstrably false, just like last week. The seasonal adjustment process applied to weekly data is the problem. As I …

Initial Unemployment Claims: Mainstream Reports are False and Absurd

by Lee Adler, The Wall Street Examiner The reporting of first time claims today was absolutely absurd. Media reports shouted that claims had reached a new low. The only problem was that the report was categorically false. The huge drop in claims to a reported 350,000 for the week ended July 7 was purely a result …