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Newsletter
A Dollar’s Worth: Inflation Is Real
Understanding the reality of inflation can help consumers make decisions in personal finance. Learn more about inflation, how it’s measured, and how the inflation rate is calculated in the December 2021 issue of Page One Economics: Focus on Finance.
Discussion Paper
The Updated Employment Picture
Each year, typically with little fanfare, the Bureau of Labor Statistics (BLS) releases revisions to historical employment data. While you may wonder if this means that history gets rewritten, it's really about making written history more accurate. Revisions are standard practice for not only employment data, but also other economic data. Revisions incorporate more complete underlying data that become available over time, as well as updates to data estimation procedures (most economic data are not based on complete counts; instead, they're based on samples that are used to generate complete ...