The divergence between the the Fed's and the BLS's "headline" numbers and their later adjustments has gotten so great that it's not even worth paying attention to the initial reports anymore. (Not that that's going to stop the liberal media from using the flawed initial data to perpetuate the 4-year lie that the economy has been recovering.) I reported earlier that the BLS will likely add several thousand initial unemployment claims to its bogus September jobs report. Today I noticed that seasonal adjustments to the Fed's September retail sales report paint the exact opposite picture that its initial report painted: that retail sales have been increasing year-over-year since 2010. Take a look at the difference between the initial reported data and the seasonally-adjusted numbers:
Without seasonal adjustments, it appears that September retail sales have been increasing each year since 2010. But, with seasonal adjustments, we see that September sales have actually been decreasing each year--and by quite a bit! How many government-generated data sets are like this? Unbelievable.