07 April 2012

Must Be The Season of the Witch

Great weeping and wailing and gnashing of teeth, with the publication of the March monthly employment number. Note: that one number. As previously predicted here, January and February numbers were boosted by the seasonal adjustment weights, and that the piper would be paid in March.

Here are the unadjusted numbers (as usual, in thousands) for the three months:

Mar. 141,412
Feb. 140,648
Jan. 139,944

So, the raw sample value is increasing at about a steady value. The NY Times has a long article, with only a glancing mention of the seasonal adjustment effect.

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