May 8, 2009 10:02 AM
Zero Hedge is skeptical of the BLS unemployment release, highlighting the seasonal adjustments made and the temporary hiring of census workers:
“I will bet one double Quarter Pounder with cheese and bacon that next month, the revisions of the April numbers will be on the order of an additional 85,000 unemployed. My guess is that, discounting the Census Bureau hirings, April saw 680,000 newly unemployed workers.’
Econompicdata generally concurs with Zero Hedge’s assessment.
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