How is it that the government's reported job numbers are staggeringly high, while the private company's calculation was record-breakingly low? I know they never match because they use different methods for their calculations, but have they ever been this divergent? Both articles are even from CNBC by the same author.
January hiring was the lowest for the month on record as layoffs surged
Challenger, Gray & Christmas said planned layoffs totaled 82,307 for the month, a jump of 136% from December.
www.cnbc.com
U.S. economy added 353,000 jobs in January, much better than expected
Nonfarm payrolls were expected to increase by 185,000 in January, according to a Dow Jones consensus estimate.
www.cnbc.com