February 3, 2012

On the huge difference between raw numbers and “seasonally-adjusted” numbers in the Bureau of Labor Statistics job report…

The non-seasonally-adjusted numbers say that the economy lost 2.5 million jobs, December to January, those are the raw numbers… But the Bureau of Labor Statistics is saying, using seasonally-adjusted numbers, that the number of jobs increased by 233,000-243,000 jobs, whatever it is. That’s a difference of 2,739,000 jobs. That is one heck of a difference. How do you seasonally adjust 2,700,000 jobs? The raw number and the seasonal adjustment – I’m sorry, I don’t understand how they get there.