No. 915: September 2017 Employment and Unemployment, Money Supply M3
Headline Labor Detail Showed Major Disruptions from Hurricanes Harvey and Irma,
With Mixed-Surveying Definitions Exaggerating or Masking Impact
Nonsense Data: If One Seasonally Adjusts Scrambled Numbers, the
Adjusted Numbers Still Are Scrambled
Hurricane-Impacted September 2017 Unemployment Rates Declined:
U.3 Fell to 4.22% versus 4.44%, U.6 Fell to 8.29% versus 8.59%, and the
ShadowStats-Alternate Fell to 21.9% versus 22.2%
September Household Survey Employment Jumped by 906,000,
Including 1,500,000 Counted as Employed, Otherwise Unemployed by the Weather
September Payroll Survey Employment Declined by 33,000 (-33,000),
Down by 71,000 (-71,000) Net of Pre-Hurricane Downside Revisions
Annual Growth in September Money Supply M3 and the Monetary Base Jumped Sharply