Non Farm Payroll November, 2012
I normally don’t discuss the non-farm payroll report in this post. By the time this specific post comes out the data has been analyzed to the point of exhaustion. But this time I felt it was important to discuss the details, which contrary to the headline number were not as bullish as the CNBC roundtable viewed them on Friday morning.
The headline number can be tweaked through birth death and or seasonal adjustments but the details are harder to tweak. So in many ways, the details can help gauge the quality of the headline.