The Seasonal Factor & January’s Encouraging Employment Report
February 06, 2012 at 08:17 AM EST
January’s payrolls report looks convincingly strong to many economists, but some skeptics warn that the seasonal adjustment in first month of the year is usually quite hefty and so there’s less good news in the numbers than we’ve been told. That inspires looking at the unadjusted data on a year-over-year basis in search of clarity. [...]