Misleading jobs data

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harry123

(102 posts) Send PM | Profile | Ignore

Thu Jul-31-08 10:33 AM
Original message

Misleading jobs data

You probably saw the headline for 448,000 initial claims last week, the highest in 5 years. Well, the data are entirely misleading seasonal adjustment factors. 448K is an ugly number. The jobs picture may be bad, but it's not 448K bad.

http://www.creditwritedowns.com/2008/07/misleading-jobless-claims-data.html

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