CERF Blog

One last comment on the Bureau of Labor Statistics’ (BLS) employment and unemployment data release on Friday, I promise. I haven’t seen any comments on the “Long Term Unemployed.” These are people who have been unemployed for more than 27 weeks. According to the release, there were just under 5 million people (4,934,000) who had… Read more

Most data releases are of seasonally adjusted data, and that is a problem. No one knows what the exact seasonal patterns in the economy are. We estimate them. The new jobs data release is an example of the problem. Today’s Bureau of Labor Statistics release of the July employment situation report shows 247 thousand seasonally-… Read more