Almost hesitate to post this as the Treasury (MoP) uses a "different set of books" for Friday's numbers, thus making the DTS of ACTUAL wages reported for withholding perhaps just a bit too steeped in realism. You know, outside the Land of Oz stuff? At any rate outside of Oz, the numbers for May were 108,352 vs 111,297 last year. Last year was 21 days versus 20 this, so maybe a 5% adjustment up is in order? That would be 113,750 vs 111,297, up 2.2% which doesn't even keeping up with the bogus inflation numbers the MoP reports. The first day of the month is a significantly big reporting day, and we had 16,486 vs 17,356. Add it all together and one ought to conclude that the labor market is deteriorating, and badly lagging in real terms. Caveat emptor, because as we know full well, that what they end up reporting, is often just flatulence.
Has anyone seen the BOJ numbers on their May USD intervention? Haven't located it anywhere. |
