Economy Lost 2.84 Million Jobs in Jan., Yet Press Pretends Seasonally Adjusted 157K Jobs Added Represents What Actually Happened

Via: Newsbusters

By Tom Blumer | February 02, 2013 | 18:38

Following the governmemt’s Employment Situation Summary yesterday, two words were noticeably absent at the Associated Press (here, here, and here), Bloomberg, Reuters, CNBC, and the New York Times: “seasonally adjusted.”

While they told their readers of the number of jobs supposedly added in total (157,000) and in other sectors, the fact remains that in the real world, before seasonal adjustment, the government told us, as is the case every January, that employment declined steeply. In January 2013, the government estimates that 2.84 million jobs were lost.

Read more: here

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