January Jobs---More BLS Noise

That’s the point with the payroll report. It is, overall, unreliable even as a coincident indicator. In terms of forward-looking, the data is and has been entirely irrelevant and not just due to revisions and changing benchmarks....





David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.