Mathematical biases in the seasonal adjustment process are used briefly to examine the projected trend for March’s BLS Payrolls Report (Friday, April 4th).
Although an increase of 0.3% over January, today’s February number is below last month’s initial estimate. Small increase across most sectors made for a non-volatile monthly change.
Mathematical biases in the seasonal adjustment process are used to examine the projected trend for February’s BLS Payrolls Report (Friday 7th). Revisions or reversals to two major sector move in January may impact the trend.
Another big first revision. GDP growth in 4th quarter revised down by 26%. (3rd quarter first revision was up 27%).
New York metro area year/year household energy prices up 9%. Los Angeles metro’s down by 1%.