No. 499: January Labor Data and Revisions, M3 and December Construction Spending

(SGS Subscription required) • Positive Benchmark Revision to Payrolls Overstates Current Circumstance
• Annual Upside-Bias in Birth-Death Model Increased to About 620,000
• January Unemployment: 7.9% (U.3), 14.4% (U.6), 23.0% (ShadowStats)
• Month-to-Month Headline Unemployment Rates Are Not Comparable
• January M3 Year-to-Year Growth at 4.5%

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.