1. Also, seasonal adjustments for March, normally a strong month, exaggerated the decline. 2. Although this decline was about triple the consensus estimate, analysts cautioned that the seasonal adjustment process was especially unreliable during the winter months. 3. As seen through the corrective lens of seasonal adjustment, the weakness in May hiring was widespread. 4. As it does every March, the agency revised its seasonal adjustment formula to more accurately track month-on-month changes. 5. Before seasonal adjustment, however, sales last month declined slightly. 6. Bonds gained after the Labor Department today released revised employment reports for the last several months to fix a seasonal adjustment quirk. 7. According to the department, seasonal adjustments to the data resulted in the large decline. 8. Brazilian economists say they prefer to use the year-to-year figures, however, to avoid errors made in seasonal adjustments. 9. But most analysts discounted that, saying it was caused by quirks in the seasonal adjustment of energy prices. 10. Finance Ministry officials said the rise is expected since students return to school and other seasonal adjustments always fuel a rise in consumer prices. |