Some BLS stats on High and Low Income consumers. The differences between the two, spending, what is bought, inflation, essentials, etc. Less is purchased and also more specific is bought by the lower end as compared to a variety of purchases at the upper end. Nice little and simple, readable report. Inflation Experiences for Lower […]

Revisions cause initial claims, the last positive leading indicator, to capitulate  – by New Deal democrat Initial and continuing claims underwent some serious revisions with this week’s release. Rather than attempt an explanation myself, here is the nub of the BLS’s own explanation: Beginning … [this week], the methodology used to seasonally adjust the national […]