Natural Disasters Misdirect Economic Data
by UPFINA
Article of the Week from UPFINA
The jobless claims report from the week of September 5th was a mixed bag. There are a few twists with this data update which must be noted or you’ll be misled by the headlines. Seasonally adjusted claims stayed the same at 884,000. This is the 2nd week with the new adjustment. The only thing we can see so far is the seasonal adjustment put claims closer to non-seasonally adjusted claims.
Source: http://econintersect.com/pages/analysis/analysis.php?post=202009160310
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