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Reply #21


Response to earthside (Reply #12)

Fri Aug 3, 2012, 08:26 PM

21. Seasonal adjustments apply to the raw numbers

...so a couple of months back there were 780K or so new employed, but seasonal adjustments erased most of those gains. If you're going to stress over the adjustments that make the numbers look better, then look at the adjustments that make the numbers look worse as well.

The point of seasonal adjustments is that many jobs are seasonal in nature; if not for adjustments, we'd be having a huge party looking at the jobs numbers half the time, and then a fear-fest looking at the numbers the rest of the time. Its not perfect, but the formulas are consistent and consistently applied.

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mahatmakanejeeves Aug 2012 OP
flpoljunkie Aug 2012 #1
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CBHagman Aug 2012 #4
ladjf Aug 2012 #13
jtuck004 Aug 2012 #18
Robbins Aug 2012 #3
flpoljunkie Aug 2012 #6
Igel Aug 2012 #15
BeyondGeography Aug 2012 #5
liberallibral Aug 2012 #7
RBInMaine Aug 2012 #9
BeyondGeography Aug 2012 #11
RBInMaine Aug 2012 #8
pinqy Aug 2012 #10
jinx1 Aug 2012 #16
MannyGoldstein Aug 2012 #20
earthside Aug 2012 #12
4th law of robotics Aug 2012 #17
LineLineNew Reply Seasonal adjustments apply to the raw numbers
bhikkhu Aug 2012 #21
stockholmer Aug 2012 #14
vkkv Aug 2012 #19
alp227 Aug 2012 #22
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