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Friday, April 19, 2024

Diving Into Seasonal Adjustments: Today’s Conversation With the BLS

Courtesy of Mish.

This morning I posted Jobs Rise Less than Expected 160K; Employed -316K, Fulltime Employment -196K.

The number in question is Fulltime Employment at -196,000. Zerohedge arrived at -253,000.

Attempting to sort things out between the table I used and the one ZeroHedge used, I noted the numbers don’t add up.

There is a discrepancy in part-time employment numbers this month of 1,366,000 between two different tables.

With that introduction, let’s dive into Household Table A as compared to Household Table A9.

Table A9

Table A9 2016-05-05

Employment dropped by 316,000. That’s the number I used in my report. It matches the number in Table A.


Continue reading here…

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