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These are likely seasonal job losses like retail or related. You have to do Year over Year comparisons for jobs. Month over month comparisons are misleading bec
by wooyi 10y ago
These are likely seasonal job losses like retail or related. You have to do Year over Year comparisons for jobs. Month over month comparisons are misleading because of seasonality
- devingoldfish 10y agoFrom the article: the worst two-month stretch of job losses since the Great Recession.
- stult 10y agoIf there was an unusually high peak of seasonal jobs just prior to the months in question, that would be an utterly meaningless statistic. If it's a moderate random drop coinciding with the end of a somewhat high seasonal number, it's still not relevant to long-term outlook. That's why monthly numbers are difficult to use in isolation.
- CGamesPlay 10y agoIf January had the highest number of jobs since the Great Depression and we have returned to the March mean, this could still be true while there was absolutely nothing interesting going on.
- devingoldfish 10y agoJust took another look and the data in the article is seasonally adjusted.