Wednesday, March 18, 2015

Job Growth “Statistically Significant”

Those 10,200 new jobs mentioned yesterday as appearing between January 2014 and January 2015 were not seasonally adjusted. I forgot to mention that. I also forgot to say that between December and January, the seasonally unadjusted figures show a loss of 16,500 jobs. That’s a lot. Not explanation from DWS.
In its release yesterday, the Bureau of Labor Statistics listed New Mexico’s 12,900 seasonally adjusted new jobs, year over year, as being statistically significant, that means the jobs are real, maybe. The seasonally adjusted change between December and January was an increase of 1,500, a shift of 18,000 from the unadjusted figure, or, quite an adjustment.

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