Article 6 Review

It is interesting to read about contemporary issues having studied the necessary content to understand them in more depth. This article by David Stockman is focusing on the BLS is overestimating the seasonal adjustment for jobs in December, making the economy look like it is in far better shape than it really is. Stockman exposes the truth behind the headline that hundreds of thousands of jobs were added to the U.S. economy in December, saying that the BLS added large numbers to the figure for “seasonal adjustment” that’s highly unreliable. Quarterly figures for GDP are also seasonally adjusted, but we learn the specifics of how that is done in the article. . Stockman, once again using his sarcastic tone, he ridicules BLS for overstating the number. In order to obtain the seasonal adjustment they usually get, Stockman calls BLS out for creating too many jobs. As this past December is much warmer than those from before, the seasonal adjustment should not have been changed as much as it did.It relates to what we’re studying because quarterly figures for GDP are also seasonally adjusted, but we learn the specifics of how that is done in the article.It is interesting to read about contemporary issues having studied the necessary content. I found the article very informative, however I believe much of what he writes is biased at least slightly.