Courtesy of Mish.
In a curious event, ZeroHedge reports The September Jobs Report Was Even Worse: U.S. States Lost A Total of 22,000 Jobs.
Zero Hedge noted that the month-over-month total of nonfarm payrolls was -22,000 while the nonfarm total was well over 100,000 nationally.
He posted this chart.
Those numbers match my totals. And as ZeroHedge reports, 28 states lost jobs while 22 gained.
But it's not that simple. From the same data, here is a table of nonfarm payrolls for the last three months.
Yes, month over month, states lost 22,000 jobs. But also notice that state totals overall beat national totals by 856,000 jobs.
Which stat do you believe?
I have been aware of this discrepancy for a long time, and have been working on this data with the Michael Lucci and Connor White at Illinois Policy Institute since July.
Here is an email we received from Tyler Downing at the BLS on July 22.
Hello Connor,…
