• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

The Average January Nonfarm Payroll Seasonal Adjustment Is...

Tyler Durden's picture


... 2.1 million additional jobs, or the number of "statistical" jobs that will be added to the actual number to smooth the jobs trendline, and is the largest of any month in the year. Keep that in mind when considering that the consensus today is for a gain of 165K jobs: a number whose swing will be dwarfed by the actual adjustment added to the actual underlying.

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Fri, 02/01/2013 - 09:32 | 3205770 Shocker
Shocker's picture

This has been one heck of a recovery

Layoff/Business Closing List

Fri, 02/01/2013 - 09:43 | 3205828 Panafrican Funk...
Panafrican Funktron Robot's picture

I decided to do some simple math and just add/subtract the adjustment numbers in this graph.  We're looking at a net seasonal adjustment of 1,835,300 jobs.  Ie., they created that many jobs out of thin air over the last decade (183,530 per year, 15,294 per month, 502.8 jobs per day).  BLS Vapor is fucking awesome at employing phantoms.  

Fri, 02/01/2013 - 09:46 | 3205846 Panafrican Funk...
Panafrican Funktron Robot's picture

Unless I read this wrong and the net seasonal adjustment is 1,835,300 per year.  If so, holy fuck.

Fri, 02/01/2013 - 10:19 | 3205948 Biosci
Biosci's picture

I think your math might be off.  Unless you're double-counting "Rocktober" and "Toyotathon"

Fri, 02/01/2013 - 09:35 | 3205779 Frastric
Frastric's picture

For fuck's sake BLS just give the non seasonally-adjusted numbers , or are you and your government lackeys too scared of volatility when a -2 million print is posted (which is normal for the US economy during this month) and mass hysteria ensues?

Fri, 02/01/2013 - 09:42 | 3205825 smlbizman
smlbizman's picture

i thought we had only four seasons....these guys are always in seasons...and the fucking clown show on cnbc...waiting for santelli to finish reading the hedge ,preparing for battle

Fri, 02/01/2013 - 09:35 | 3205784 El Hosel
El Hosel's picture

Goldilocks numbers..Bitchez 

Fri, 02/01/2013 - 09:46 | 3205832 q99x2
q99x2's picture

The two headed turtle is real. And, we all know about the bearded lady. But, the Bureau of Labor Statistics is BULLSHIT.

Fri, 02/01/2013 - 09:46 | 3205838 orangegeek
orangegeek's picture

Q4 GDP is MINUS 0.1% and employment numbers improve.


That's great.  Hiring more workers to output less.  Just outstanding.  How do they do it?

Fri, 02/01/2013 - 09:45 | 3205842 Cursive
Cursive's picture

We got 157k on the jobs report today.  Looking at the chart above that shows Jan-Mar get the most SA help, that suggests major problems with the jobs market.

Fri, 02/01/2013 - 09:48 | 3205850 bobert
bobert's picture

I long for an adjustment free world.

Fri, 02/01/2013 - 09:55 | 3205871 thismarketisrigged
thismarketisrigged's picture

and the futures continue to rise despite unemployment rising to 7.9 and jobs lower than expected.


and these fools on cnbc actually believe the market is moving on fundamentals, ok fuckers

Fri, 02/01/2013 - 09:59 | 3205884 Stuart
Stuart's picture

in other words, it's not known what's going on with employment.   

Fri, 02/01/2013 - 09:59 | 3205891 caimen garou
caimen garou's picture

muppet bait!

Fri, 02/01/2013 - 12:50 | 3206502 jtlien
jtlien's picture

Get the oldsters to flip burgers after their $100k jobs evaporate.

Loan lots of kids more money so they stay in school.

Put the pot smokers in prison.   Keep the troop strength up.

Lots of Sandy cleanup jobs.   There are proposing a big mine in my area that would create real jobs.

The Dems/Enviros want to kill it.   No one from Obama ( jobs are my first priority) administration there to help push it along.

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