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|User Info||Jobs Report: The Big Suck; entered at 2012-05-04 10:42:54|
Zerohedge is again a zero.|
They're quoting SEASONALLY ADJUSTED "employed" numbers on that drop. Well, which is it guys -- NSA was 141995 up from 141412.
Either use the seasonal numbers for everything and accept their adjustment or call bull**** on all of them and use hte NSAs (which is what I do.) If you want "seasonal" then use YOY comparisons which removes seasonality (which I also do.)
Zerohedge has become worthless in this regard and in fact dangerous due to their selective citing of things that support their pre-arranged conclusion.
I stopped reading them for this reason.