D
David Kerber
Guest
In article <[email protected]>, [email protected] says...
> >>A lot of the "job growth" over the last two months are positions in
> >>agriculture and construction. In most of the US, these are seasonal
> >>businesses.
> >
> >
> > So let's see if I understand the principle - during the "off season"
> > they were "lost jobs" but then during the "on season" they're not "job
> > growth"....
>
> My point is that a jump in employment due to seasonal factors should not
> be seen as a sign of economic recovery or long-term job growth. One
> needs to factor out regular seasonal variations to determine the true
> employment situation.
They do; all jobs reports use the term "seasonally adjusted" in the
official announcement. Whether or not the news uses that term depends
on whom they want to look good.
--
Dave Kerber
Fight spam: remove the ns_ from the return address before replying!
REAL programmers write self-modifying code.
> >>A lot of the "job growth" over the last two months are positions in
> >>agriculture and construction. In most of the US, these are seasonal
> >>businesses.
> >
> >
> > So let's see if I understand the principle - during the "off season"
> > they were "lost jobs" but then during the "on season" they're not "job
> > growth"....
>
> My point is that a jump in employment due to seasonal factors should not
> be seen as a sign of economic recovery or long-term job growth. One
> needs to factor out regular seasonal variations to determine the true
> employment situation.
They do; all jobs reports use the term "seasonally adjusted" in the
official announcement. Whether or not the news uses that term depends
on whom they want to look good.
--
Dave Kerber
Fight spam: remove the ns_ from the return address before replying!
REAL programmers write self-modifying code.