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next week the jobs report for February comes out take it with a big grain of salt [Music] hello Im Steve Forbes and this is whats ahead where you get the insights you need to better navigate these turbulent times the labor department in a few days will release its monthly job situation report for February it shouldnt be taken as gospel Truth for a variety of reasons most particularly the disruptions of covid the adjustments routinely made to these statistics are particularly unreliable most people dont know that the headline numbers from the labor Departments Bureau of Labor Statistics the BLS jobs created or lost and the unemployment rate are seasonally adjusted that is their change to reflect normal seasonal patterns of hiring and firing for example the BLS shocked observers when it reported that 517 thousand jobs were created in January President Biden quickly boasted that it showed how great he was handling the economy actually 2.5 million jobs were lost thats right lost in J
