Full-Time Jobs Jump But….

Full Time Jobs Jump While Hours and Weekly Earnings Soften by Lee Adler, The Wall Street Examiner The BLS today reported a gain of 171,00 in nonfarm payrolls. The actual, not seasonally adjusted (NSA) number was a gain of 911,000. In the actual (NSA) data, October  is always an up month. Last year the October …

Employment: Seasonal Adjustment Woes

The Real Deal on Jobs – The BLS Is Just Catching Up With Massive Undercounting in Seasonally Adjusted Estimates by Lee Adler, The Wall Street Examiner October 5, 2012 – The BLS today reported a gain of 114,00 in nonfarm payrolls. That compares with a gain of 574,000 in the actual, not seasonally adjusted number. In …

BLS: Jobs Up Strongly in April 2011

With 268,000 private non-farm employment gains, it blew the socks off of all the pessimistic pundit predictions including Econintersect’s forecast of 150,000. Because an increased number of people reentered the labor force the unemployment rate actually increased to 9.0%, up from 8.8% last month. The ratio of number employed to adult civilian population remained virtually unchanged.

USA Productivity: Strange Contraction In Growth

USA 1Q2011 productivity growth is weak. All trends point to less productivity growth going forward. Business seems to have returned to business of the past. A key to the projections of increased manufacturing in the U.S. is keyed on superior productivity. The latest data raises the question of where productivity may be going.

Myths and Misconceptions About the CPI

I believe that the BLS is conscientiously and objectively performing a very difficult and challenging job of calculating a consumer price index, despite conspiracy claims that the government is engaged in politically-motivated distortions of the CPI to either over-state or under-state “real” inflation to meet some political goals or objectives. Research supports this view.