{"id":281812,"date":"2010-02-05T09:20:20","date_gmt":"2010-02-05T14:20:20","guid":{"rendered":"http:\/\/www.businessinsider.com\/without-bls-seasonal-shenanigans-unemployment-is-surging-to-record-highs-2010-2"},"modified":"2010-02-05T09:20:20","modified_gmt":"2010-02-05T14:20:20","slug":"without-bls-seasonal-shenanigans-unemployment-is-surging-to-record-highs","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/281812","title":{"rendered":"Without BLS Seasonal Shenanigans, Unemployment Is Surging To Record Highs"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b6c28d00000000000377b70-335-197\/chart.jpg\" border=\"0\" alt=\"chart\" width=\"335\" height=\"197\" \/><\/p>\n<p>The <a href=\"http:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\">January NFP number <\/a>came in at -20,000, a mere 5k away from Goldman&#8217;s -25,000 estimate. Consensus was for +15,000. December, as all prior months, saw an expected major downward revision to -150,000 from -85,000. The January Birth\/Death adjustment was for -427K from +25K in December. Despite a deterioration in every metric, the unemployment rate dropped from 10.% to 9.7%, even with a consensus at 10.0%. A glitch in the excel model is further corroborated when one considers that the civilian labor force participation rate actually <strong>rose <\/strong>in January from 64.6 to 64.7.<\/p>\n<h2><a href=\"http:\/\/www.zerohedge.com\/article\/nfp-20000-consensus-15000-non-seasonally-adjusted-unemployment-rate-both-u3-and-u6-surge-rec\">Read the whole story at Zero Hedge &gt;<\/a><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/without-bls-seasonal-shenanigans-unemployment-is-surging-to-record-highs-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/huge-improvement-in-marginally-attached-workers-is-a-great-sign-for-the-labor-market-2010-2\">HUGE Improvement In &quot;Marginally Attached&quot; Workers Is A Great Sign For The Labor Market<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-january-jobs-report-2010-2\">Unemployment: 9.7%<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/average-duration-of-unemployment-hits-brand-new-record-in-january-2010-2\">Average Duration Of Unemployment Hits Brand New Record In January<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/-G3TTbyE4-I\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The January NFP number came in at -20,000, a mere 5k away from Goldman&#8217;s -25,000 estimate. Consensus was for +15,000. December, as all prior months, saw an expected major downward revision to -150,000 from -85,000. The January Birth\/Death adjustment was for -427K from +25K in December. Despite a deterioration in every metric, the unemployment rate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-281812","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/281812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=281812"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/281812\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=281812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=281812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=281812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}