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Podcast: Financial Survival Network
Episode: January Jobs Report is Too Good to be True - David Stryzewski #5719
Description: Summary: In last week’s report, the job numbers came out surprisingly high, but is it too good to be true? David Stryzewski comes on the show to discuss these numbers and the way they have been purposefully distorted over the last few months. The high number of jobs is a product of seasonal adjustment—in which 3 million jobs were added in order to come up with the most recent figure. If we look back at November and December, 2.4 million jobs were subtracted to subsequently come up with these numbers. We should not invest our attention in these reports since they...