Where’d the Jobs Go?

What happened to the jobs?  Did the economy really crash down on job creation in March?  If so, what’s to blame – higher gasoline prices?  Is seasonal adjustment playing a role?  These are the questions that the mainstream press is asking after a weak addition of 120k jobs were added in the March report from the Bureau of Labor Statistics (BLS).

For all the hand wringing, one possibility never comes up – that the data are simply whacked.  That may seem unlikely, but given that a different labor report comes out with a potentially better method of collecting the data you never know.  Let’s be fair and call it a bit of a mystery for now.  Here’s why:

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