ITS ABOUT THE CASH NOTHING ELSE.
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Alternative seasonal adjustments show even stronger jobs growth than the BLS official number
The Bureau of Labor Statistics (BLS) employment report released today shows that 313,000 jobs were gained in February. This was a very strong report, with the best monthly job growth since summer 2016, owing in part to the demand effects of fiscal stimulus. Labor force participation moved up, despite continued demographic tailwinds, and measured wage growth was slow. In this blog post, I report results from three alternative projections, each of which was calculated using methodology outlined in my past research. Applying a more stable seasonal adjustment to the raw data, and accounting for the effects of weather on ... (full story)
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