Dollars and Jens
Friday, December 04, 2009
non-farm payrolls
The data out today are much better than what we've been accustomed to; I'd like to note, though, that the seasonally unadjusted unemployment rate has been creeping down since the summer. Not that I'm all White Whale on seasonal adjustments being suboptimal for the labor market at this point in the business cycle. Not at all.

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