ML-Implode News - Newsflash From The December â€˜Jobs' Report----The US Economy Is Dead In The Water

The BLS always addsÂ the sameÂ big dollop ofÂ jobs to the December establishment survey come hell or high water. In fact,Â the seasonal adjustment has averaged 320,000 for the last 12 years!... The fact that the seasonal adjustment factor for December has oscillated tightly around 300,000 for the last 12 years proves only one thing----namely, that the bureaucrats at the BLS have chosen to invent the same guesstimate year after year; its not science, its political fiction.
... these fictional monthly SA jobs numbers are extremely useful to the Wall Street sell side. They keep the rubes hitting the "buy" button until the fast money can slowly dump its holdings and get out of Dodge; or even pivot and reload to the short side.
... The December 2015 number of breadwinner jobs was still 1.1 million jobs below that posted for the first month of this century!... In short, the December jobs report was not evidence of a "strong" economy. It was just another emission from the government's SA noise factory that obscures the actual state of the main street economy.

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Newsflash From The December â€˜Jobs' Report----The US Economy Is Dead In The Water | Stockman