September Payrolls Have Been a Disappointment Since 2009: Chart

Fans of the Labor Department’s monthly jobs report will again have to wrestle with the government’s difficulty adjusting for seasonal swings in September. Since the end of the last recession in 2009, initial estimates of payroll changes have been weaker than the median projection of economists surveyed by Bloomberg on five occasions (though one was a miss by a mere 1,000). Ahead of Friday’s report, the survey was calling for a 172,000 increase in September employment.

Watch Next: Jobs, Rates, and the Fed's Interpretation of Data

Jobs, Rates, and the Fed's Interpretation of Data

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