Last week’s rosy-ish jobs report? Phony baloney. Here’s what happened, according to Business Insider:
But it turns out that there was a simple reason why the payroll numbers looked so good–a reason that had nothing to do with underlying strength of the jobs market.
What was that reason?
The government changed the “seasonal adjustment” it made to the payroll numbers–and, in so doing, boosted the number of “jobs” created in October by 100,000.
Is there anything this administration won’t politicize?