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Liveblogging World War II: February 10, 1941

No. I Do Not Believe in the BLS's Seasonal Adjustment Filter. Why Do You Ask?

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Put me down as somebody who does not believe that the seasonal factor in the unemployment rate is twice as big today as it was four short years ago, or was half as big four short years ago as it was in the early 1990s...

Not that I am complaining about the BLS, you understand. If I could do better, they would already have done better. Nevertheless this is a source of nervousness...