Friday, May 8, 2009

Government Payroll Warping Overall Data?

Last unemployment post of the day. Across the Curve with the details:

This report does not look real swell to me. The net revisions subtract 66K and the one area of strength was government workers where my friends at UBS had a nice call on the census worker hiring (66K also). Back out the 132K and you get -671.

Source: BLS