Once again, you've been reminded of why we call it the BLSBS. We spent yesterday's podcast explaining again the birth-death adjustment to the BLS methodology and warned that this statistical guesswork would likely provide a significant "head start" to the official BLSBS data today. And boy, did it ever.
By now, you've likely heard all about the "astonishingly strong" jobs report this morning where the US is alleged to have added 528,000 new jobs during July....a month where the economy is contracting, major companies announced layoffs and jobless claims were climbing. You can...
