January Jobs—More BLS Noise

That’s the point with the payroll report. It is, overall, unreliable even as a coincident indicator. In terms of forward-looking, the data is and has been entirely irrelevant and not just due to revisions and changing benchmarks….

 

 

https://www.davidstockmanscontracorner.com/?p=275228&preview_id=275228&preview_nonce=5ca8a381ec&preview=true