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Saturday, February 27, 2010
Friday, February 26, 2010
What is SAAR - it sounds like a disease!
SAAR - stands for seasonally adjusted annualized rate. This is frequently used in economics when looking at or comparing different statistical data. The basic reason SAAR is used is to remove fluctuations that may influence the data due to seasonality. A classic example would be data on ice cream sales. To compare ice cream sales from February to August we must first account for the seasons , namely in February it is the dead of winter and you are much less likely to consume ice cream versus...
Thursday, February 25, 2010
The reporter said – Businesses hired last month but the unemployment rate went up? I am confused , how can that be?
Yes there is a lot of confusion when it comes to the nation’s unemployment rate. Statements like above are routinely made on tv and also you read about it in publications. Hopefully the explanation below should clear up the confusion.First of all the unemployment rate is released on the 1st Friday of every month. That is when the Bureau of Labor Statistics, BLS for short releases the unemployment rate to thePublic. Actually and if you want to get really technical about it, the BLS summons a...
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