California Fast Food Revisited: Seasonal Adjustment Matters. A Lot.
California’s $20 minimum wage reduced employment in limited service restaurants. But you must look at seasonally adjusted data. Continue Reading →
Tag Archives: employment
Employment Figures Revisions
Employment revisions are different from the benchmark revision. Using the former, there is a 10% chance that the changes were random. Continue Reading →
April 2020 Labor Force Events
6.4 million people left the labor force. These are true “discouraged workers.” And no wonder. At every turn we are bombarded with bad news about COVID-19. Continue Reading →
The November Jobs Report
The U.S. economy added 266 thousand jobs in November, 2019. Government accounted for 12,000 of those, meaning the private sector added a cool 254,000 employees. This article was stimulated by Continue Reading →
The BLS Has a Problem
This is yet another example of malfeasance at BLS. Future economists will be forced to exclude the 2013 – 2016 time period from their research because the numbers are not believable. Continue Reading →