CPI Annual Revision

Posted by & filed under Consumer Price Index, Release Observations.

The Bureau of Labor Statistics reported today no change in the CPI-U All Items Index for January.  However, with January 2015’s large fall dropping out of the year-year calculation, the annual inflation rate jumped from 0.67 to 1.34%. Today’s release also includes the annual revision to past data.   Some reduction in seasonality can be seen… Read more » Read More

Consistent Payrolls – Confirmation

Posted by & filed under Payroll Survey.

Last week’s annual benchmark revision to the Payroll Survey released by the Bureau of Labor Statistics finally removed the erroneous and significant surge that was introduced a year ago. This was the 423,000 jobs gain for November 2014 which we referred to in our Consistent Payrolls Series introduction early last year.  This number was a… Read more » Read More