Economic Statistics Made Explicit

CPI-U index drops 0.2% in August.

Gas prices drop 4.1% and contribute 0.25% drop to the index. Annual CPI-U inflation now at 1.71%.
CPI-W inflaiton rate now 1.60%.

Employment/Unemployment – Short Review

Seasonal adjustment difficulties due to calendar issues likely understated August payroll growth. Conversely the improvement in U3 was due mostly to seasonally-adjusted participation rate of students, largely affected by when school restarted in August.