Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Haim R. Branisteanu who wrote (11369)	9/3/2004 2:21:13 PM
From: mishedlo	Read Replies (1) of 116555

John Succo on Minyanville was talking about jobs today. A writer wrote in and said you just can not subtract the birth death agjustment from the reported figures because the birth are not seasonally adjusted. John's reply was the total number of jobs created this year was about 1.7M and that both adjusted and unadjusted numbers were close to that amount. Over half of that is birth/death adjustments. He went on to say "We do not know how they come up with that number. For all we know it could be NEGATIVE". [Mish comment. It seems that applying seasionally unadjusted job factor to adjusted numbers is a croc, then again, the whole exercise of birth/death estimates (based on what pray tell - pulling numbers out of their ass?)is a crock in and of itself.] Mish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next