Here’s What’s Hiding Behind the Massive Seasonal Adjustments in …

Feb 17, 2021 · Huge seasonal adjustments attempt to iron out those plunges and spikes. Seasonally adjusted, sales soared 23.5% from December. But “not seasonally adjusted” sales plunged 41.6% from December to just $8.3 billion, the worst January and the third-worst …

CouponFollow Extension

5%
OFF

Here’s What’s Hiding Behind The Massive Seasonal Adjustments In …

1 week from now

wolfstreet.com

3%
OFF

Here Are The Sad Facts On How Americans Really Pay For Christmas

1 week from now

2 days ago · Some forecasters say the seasonal cycle is not quite so dramatic now as in years past. Wells Fargo forecast holiday sales would rise only 3.3% in November and December …

usatoday.com

FAQs about Here’s What’s Hiding Behind the Massive Seasonal Adjustments in … Coupon?

When will recalculated seasonally adjusted indexes be available?

Recalculated seasonally adjusted indexes as well as recalculated seasonal adjustment factors for the period January 2019 through December 2023 were made available on Friday, February 9, 2024. The Consumer Price Index (CPI) produces both unadjusted and seasonally adjusted data. ...

How does BLS seasonally adjust data?

BLS seasonally adjusts data to account for recurring seasonal patterns in a time series. It allows our data users to analyze the underlying trends without the influence of seasonal movements. Seasonal movements might entail hiring extra retail trade workers around the December holidays. ...

Can an index change its seasonal adjustment status?

An index could change its seasonal adjustment status from seasonally adjusted to not adjusted, or vice versa. During mid-February of each year, when January data are released, new seasonally adjusted indexes are published, and new seasonal adjustment factors for these items are available to data users. ...

What happens if the 81 components of the city average change seasonally adjusted?

If any of the 81 components of the U.S. city average All items index change their seasonal adjustment status from seasonally adjusted to not seasonally adjusted, not seasonally adjusted data will be used in the aggregation of the dependent series for the last five years, but the seasonally adjusted indexes before that period will not be changed. ...

Should escalation agreements use seasonally adjusted data?

BLS advises against the use of seasonally adjusted data in escalation agreements because seasonally adjusted series are revised annually. The Bureau of Labor Statistics uses Intervention Analysis Seasonal Adjustment (IASA) for some CPI series. Sometimes extreme values or sharp movements can distort the underlying seasonal pattern of price change. ...

Why are seasonal adjustment factors recalculated each year?

Each year with the release of the January CPI, seasonal adjustment factors are recalculated to reflect price movements from the just-completed calendar year. This routine annual recalculation may result in revisions to seasonally adjusted indexes for the previous 5 years. ...