No one would argue that we are in the middle of a very severe worldwide recession, green shoots believer or not. In such an environment, business is not business “as usual”, and former seasonal patterns in the job market (carmaker mid-year layoffs…) might not be holding.
As a consequence, the Non Seasonal Adjusted data could be showing a different figure than the Seasonal Adjusted. And they are:
A lot of companies probably changed their “normal” hiring pattern in response to the crisis. We should be careful not to read to much into small changes.
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[...] Labor Statistics has to make assumptions about the seasonal impact. And as we discussed previously (link), the current crisis might have temporary altered some of those [...]