2012-08-05

Figures Often Beguile Me...

"Here, courtesy of Zero Hedge, we might be able to provide Dave with a clue as to how the BLS managed that little trick: It added 377,000 jobs for seasonal adjustment. That just happened to be the largest such adjustment in July for the past 10 years.
Moreover, the always interesting but not particularly reliable birth/death model chipped in 52,000 additions. Together, , which even by our rudimentary math dwarfs 163,000.these happy statistical enhancements added up to something like 429,000
http://online.barrons.com/article/SB50001424053111903940904577559010500932368.html?mod=BOL_twm_col#articleTabs_article%3D1