Ted Wieseman
Ted Wieseman
adjustment continues data evidence improvement labor market point problem tricky underlying viewed weekly
The evidence broadly viewed continues to point to underlying improvement in labor market conditions. Seasonal adjustment of weekly data is a tricky problem and especially so around holidays.
adjusting apparent department labor problems veterans
It's apparent that the Labor Department had some problems seasonally adjusting for the Veterans Day holiday.
across caution expected huge inherently july numbers reported results softer swings volatile
With the caution that this is inherently a very volatile set of numbers - especially in July when seasonal swings are huge - the reported results were significantly softer than expected just about across the board.
capital goods pressure price pricing relative seeing upside
We're seeing some upside price pressure in other goods relative to the trend. Capital goods, for instance, are exhibiting pricing power.