Are Seasonally Adjusted Economic Data Useful?
It is not possible to establish the conditions of the economy by just inspecting the data as a whole, according to many economists. What is required, instead, is to break the data into its key components, which supposedly will enable economists to identify the true state of the economy.
Components That Drive the Data
According to popular thinking, data that is observed over time—labelled as time series—is driven by four components, these are:
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Wholesale Prices in September Rise 8.5 Percent, Pointing to Continued Price Hikes
The US Bureau of Labor Statistics released new Producer Price Index (PPI) data today, and it’s more bad news for both business owners and consumers.
The PPI is a measure of prices at the production phase of goods and services, and is often an indicator of where consumer prices are headed. Prior to 1978, the index was known as the Wholesale Price Index.
Thanks to the Fed, You’ll Work More This Year to Keep Last Year’s Standard of Living
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According to the establishment survey of employment, released last week by the Bureau of Labor Statistics, total employment increased, month over month, by 263,000 jobs.
