posted on Dec, 9 2010 @ 08:01 AM
I looked at the press release from the Department of Labor for 12/9.
12/09 labor release
When you scroll down and look at the non seasonally adjusted numbers it shows initial claims at 582,007 and the seasonally adjusted numbers at
421,000. I know they use season adjustments as a way to smooth out big differences week to week.
I looked at the last week numbers and a big difference in the amount that was seasonally adjusted.
11/24 labor release
It appears to me that it is adjusted to the point that makes it fall in line with the consensus on wall street. My question is if anyone knows how
this number is generated. Is there a formula?