Follow the Purple Lines (Or, “What the Actual F**k?!”)

Needless to say, the “disappointing” 210,000 jobs number for November is completely meaningless—and not just because the unusually large negative seasonal adjustment looks a bit sketchy. The fact is, the monthly delta is always mostly context- and trend-free noise that gets adjusted and revised 10 ways to Sunday for the next five years. Yet when […]
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