Seattle Redux: Misunderstanding Seasonal Adjustments
The Big Picture
JUNE 9, 2024
Barry has written extensively about denominator blindness, i.e. throwing out a number without any context whatsoever. Well, the number is actually very close to the latter (1.470 million): So, 10k on 1.470 million is less than 1 percent — 0.68% to be exact. certain that the Journal got the number from BLS. But whatever.
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