Monday, April 9, 2018

Weather Adjusted Employment

Note: Before the employment report is released each month, Chicago Fed economist Francois Gourio provides an estimate of the impact of weather on employment (this has been very useful). After the employment report is released, the San Francisco Fed has a model that shows weather adjusted employment. See: Weather-Adjusted Employment Change This page provides estimates of weather-adjusted employment change in the United States for the past six months. Beginning with the official Bureau of Labor Statistics (BLS) series on the monthly change in total nonfarm payroll employment, we adjust for......(read more)
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