Global Economic News and Analysis
by Lee Adler, Wall Street Examiner The headline seasonally adjusted number for initial unemployment claims was more wrong than usual this week, showing a year to year increase of 17,000 when the actual data showed a year to year decline of 1,700. Therefore the one week increase in new claims of 28,000 which the mainstream …
Continue reading “Headline Claims Data Is Wrong But Actual Data Does Show Some Slowing”
Top Line Employment Looks Good, But Full Time Job Growth Is Falling Apart Since QE3 by Lee Adler, Wall Street Examiner The BLS last week reported a seasonally adjusted (SA) gain of 236,000 in February nonfarm payrolls. This massively beat consensus expectations of a gain of 165,000, in surveys of economists. However, it should have …
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 …
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 …
by Lee Adler, The Wall Street Examiner The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment rose by 4,000 to 367,000 from a revised 363,000, in the advance report for the week ended September 29. The consensus estimate of 365,000 was as close as they come. This was neither a beat or …
Continue reading “First Time Unemployment Claims Down 9% Year-Over-Year”