Jack Rasmus is out with a response to my critique of his analysis of the April U.S. employment numbers. Enlightening Rasmus looks to be a hopeless case, but since there are may be some onlookers who wonder what’s up, here are a few comments. As with yesterday’s post, his comments are quoted and italicized (though the formatting doesn’t show up on an iPhone unless you choose the desktop version—sorry!). What is significant is that Henwood thinks the CES (Current Employment Survey) is more important and accurate than the CPS (Current Population Survey)…. Read More