Check Out How Blatantly Our Government Misled Us With The October Jobs Numbers!
Business Insider ^ | 11/12/2010 | Business Insider
Remember last Friday's payrolls numbers--the ones that blew away expectations about the number of jobs created and got everyone talking about recovery again?
SNIP
What was that reason? The government changed the "seasonal adjustment" it made to the payroll numbers--and, in so doing, boosted the number of "jobs" created in October by 100,000.
Stephanie Pomboy of MacroMavens (via John Mauldin) explains:
" 'The seasonal bar which the payroll data must jump was (inexplicably and dramatically) lowered from prior Octobers.
" 'Thus, in October 2009, the BLS set the bar at 870,000 jobs, similar to the 840,000 it anticipated in October 2008. This year, by contrast, it lowered the bar to 768,000. Mumbo, jumbo, payrolls presented "an upside surprise" of 100,000.'
(Excerpt) Read more at businessinsider.com ...
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