Implode-o-Meter News - January Job Gains Were Right On Trend, But Not Enough To Shrink Unemployment and Stop Fed Printing

There's always a problem with the seasonally adjusted fictional number. The BLS will revise this month's number, not only next month and the month after, but every year for the next 5 years as it hones the SA number to include a look back to pinpoint where this month's number actually should have been, as it works toward making the idealized seasonally adjusted curve fit the actual data. It applies a major revision in February each year when the final benchmark revisions for the previous year is applied. Even with this revision, the current SA number is only halfway through the iteration process to the final number that the BLS will assign to this month 5 years from now.

Relevant:

January Job Gains Were Right On Trend, But Not Enough To Shrink Unemployment and Stop Fed Printing