Last week, the announcement of 500,000 fewer jobs made the headlines. This revision comes from an examination by the BLS of the latest Quarterly Census of Employment and Wages (QCEW). The full results of that census for Q1 2019 were published today.
This will enable us to look at more detailed industry groups within the Payroll Survey and see likely benchmark revisions coming to the CES in January. Read More
Interactive Bubble Chart of annual wage growth by industry sector and employee type. Read More
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
Both permits and starts continued within their recent trends. Read More
We compare the total retail sales with and without Gas Stations. Read More
The BLS Seasonally Adjusted gain in Non-Farm Payrolls for November 2014 was actually only 340,000 and not 423,000 Read More
The 3.5% includes a 1.2% contribution from Private Consumption, 1.3% from Exports and a significant 0.7% from Defense expenditures. Read More