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 …

The Philly Fed ADS Business Conditions Index

The Philly Fed ADS Index is designed to track real business conditions at high frequency. It is based on six underlying data series:

Weekly initial jobless claims
Monthly payroll employment
Industrial production
Personal income less transfer payments
Manufacturing and trade sales
Quarterly real GDP