{"id":1650,"date":"2014-11-07T17:39:19","date_gmt":"2014-11-07T17:39:19","guid":{"rendered":"http:\/\/cfe.econ.jhu.edu\/?p=1650"},"modified":"2014-11-07T17:39:19","modified_gmt":"2014-11-07T17:39:19","slug":"nice-weather-were-having-seasons-and-jobs","status":"publish","type":"post","link":"https:\/\/krieger.jhu.edu\/financial-economics\/2014\/11\/07\/nice-weather-were-having-seasons-and-jobs\/","title":{"rendered":"Nice weather we&#039;re having?  Seasons and jobs"},"content":{"rendered":"<p>When macroeconomic data such as today&#8217;s employment report are released, we often focus on seasonally adjusted numbers. \u00a0Seasonally adjusted employment numbers smooth through changes in employment that are judged to be part of some annual cycle such as the jump in retail employment every year as the Christmas buying season ramps up. \u00a0Of course, there is no magic wand that allows the Bureau of Labor Statistics to turn the raw numbers into numbers that leave out seasonal effects. \u00a0In recent research, Jonathan Wright has argued for a change in the way that the jobs data are adjusted. \u00a0He argues for a methods that would tend to deliver a less volatile estimate of the importance of seasons. In a <a href=\"http:\/\/www.brookings.edu\/blogs\/jobs\/posts\/2014\/11\/07-jobs-adjustment-wright\"> blog post at Brookings.edu<\/a> the implications of this research for Friday&#8217;s jobs report are discussed.  Justin Wolfers also discusses Jonathan&#8217;s work in the <a \"href=http:\/\/www.nytimes.com\/2014\/11\/08\/upshot\/evidence-for-optimism-in-the-jobs-report-.html\"> New York Times<\/a>. \u00a0Have a look, and enjoy the nice fall weather.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When macroeconomic data such as today&#8217;s employment report are released, we often focus on seasonally adjusted numbers. \u00a0Seasonally adjusted employment numbers smooth through changes in employment that are judged to be part of some annual cycle such as the jump in retail employment every year as the Christmas buying season ramps up. \u00a0Of course, there [&hellip;]<\/p>\n","protected":false},"author":472,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[112,114],"tags":[],"coauthors":[151],"acf":[],"_links":{"self":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/posts\/1650"}],"collection":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/users\/472"}],"replies":[{"embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/comments?post=1650"}],"version-history":[{"count":0,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/posts\/1650\/revisions"}],"wp:attachment":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/media?parent=1650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/categories?post=1650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/tags?post=1650"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/coauthors?post=1650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}