You know the drill: Today is the data release for August Non-Farm Payrolls, and I once again am taking the Under.
Consensus expectations are for 190,000, with the range between 110,000 to 235,000.
The Birth/Death adjustment last August was a chunky 123k — so perhaps the Under is a loser this month. Regardless, my econometric modeling is reality based, so regardless of the final BLS data point is — I’m expecting only modest job creaton.
BTW, the BLS is not a case of garbage in/garbage out — its the bias embedded in their processes that turns good data into something less than useful — not their data sources . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.