JOBS REPORT SEPTEMBER
Non seasonal data is
seasonalized by comparing the same month to the year before. If the spread between two lines is widening then
the job situation is better than the seasonal expectation. And if the spread is narrowing the job
situation is less good than normal.
The widest spread between
blue 2012 and purple 2011 was in February.
By September the spread narrowed by 351,000 jobs, though this is hard to
see on the scale of the chart.
Conclusion, job growth has
gone a little negative over the summer and into the Fall.
Source is establishment data table B1 line two “Total
private “. Non-farm private sector jobs
are the only important jobs. The growth
in government jobs at this point is destructive to the economy.