Charles Biderman, TrimTabs' CEO, wonders whether the decidedly positive turn in the employment data just as an election year begins isn't politically motivated, calling the numbers from the BLS "suspiciously high.""Actual jobs outstanding, not seasonally adjusted, are down 2.9 million over the past two months," Biderman says. "It is only after seasonal adjustments -- made at the sole discretion of the Bureau of Labor Statistics economists -- that 2.9 million fewer jobs gets translated into 446,000 new seasonally adjusted jobs."
Market Preview: Big Gain Hangover
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