Submitted by Tyler Durden

As frequent readers are aware, over the past three months (here, here and here) we had been tracking one rather disturbing divergence in one set of BLS data with another: namely the monthly Nonfarm Payroll change, and drift, compared to the monthly Net Turnover number (Hires less Separations) as reported by the monthly JOLTS survey. The reason for this is that historically the two data series have had a nearly perfect correlation in estimating the number of jobs created by the US economy as shown by the following long-term chart (using latest revised data):

However, beginning in May something odd started to happen:

http://www.zerohedge.com/news/2013-09-10/what-happens-when-bureau-l...

   
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