Without ‘Seasonal Adjustment,’ US Economy Actually Lost 2.5 Million Jobs, Not Gained 517,000

The U.S. Bureau of Labor Statistics (BLS) reported on Feb. 3 that the U.S. economy added 517,000 new jobs in January, surpassing the upwardly revised figure of 260,000 in December and exceeding economist predictions of 185,000. Without seasonal adjustment, however, the January 2023 number is 2.5 million lower than that of December 2022. According to […]

Source: Without ‘Seasonal Adjustment,’ US Economy Actually Lost 2.5 Million Jobs, Not Gained 517,000

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