Unemployment At One Year High, Gallup Finds

Since lately it seems that the BLS' sole mandate is to smooth and otherwise seasonally adjust noisy, incomplete employment data, even as the one part of employment that should not be rising - part-time jobs - continues to creep ever higher both seasonally adjusted and otherwise, it has become virtually impossible to get an accurate, unadjusted perspective of how the US labor force is truly doing. And with this Friday's non-farm payroll report "the most important ever", as every other month of course, this time because it will seal the fate of the taper (or won't) depending if the data is bad enough, everyone is eager to get a sense of what is going on behind the scenes and how to position for Friday. Unfortunately this Wednesday's ADP private payrolls report will be quite inconclusive as well: not only has it become a laughable predictor of the immediately following NFP data, it does not even disclose what the unadjusted data actually is.

http://www.zerohedge.com/news/2013-09-03/unemployment-one-year-high-gallup-finds