tag:blogger.com,1999:blog-5113559609972795785.post7131805091155478312..comments2023-03-22T07:24:57.555-04:00Comments on Populus Vox: Weekly Jobless Claims: More Seasonal ImpactsUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5113559609972795785.post-22285631488844123922009-07-23T16:46:22.181-04:002009-07-23T16:46:22.181-04:00The Department of Labor (as with the other data co...The Department of Labor (as with the other data collection agencies) tries to "smooth" their reports. In theory, this enables economists to compare and interpret periodic data in a meaningful fashion. At various times of the year, certain activities accelerate or decelerate based on seasonal patterns. In this case, the DOL attempts to mute the typical furlough activity of auto manufacturers. Another example would be the warm weather months and housing activity: people buy homes while their kids are off of school & builders are more active in the spring.<br /><br />During July, the DOL discounts the amount of jobless claims because they are not perceived to be indicative of an economic slowdown. The factor will change by a large amount for the next report, probably pushing the number above 650,000.MKhttps://www.blogger.com/profile/10502926792192924395noreply@blogger.comtag:blogger.com,1999:blog-5113559609972795785.post-22986658292300382752009-07-23T14:27:35.932-04:002009-07-23T14:27:35.932-04:00Sorry posted the comment in the wrong area....
I ...Sorry posted the comment in the wrong area....<br /><br />I am too naive to understand how seasonality plays here. Do people hire more in Summer... Or do jobless people claim less because it is summer ?JKnoreply@blogger.com