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The seasonally adjusted annual rate (SAAR) is a rate that is adjusted to take into account typical seasonal fluctuations in data and is expressed as an annual total. SAARs are used for data affected by seasonality , when it could be misleading to directly compare different times of the year.
A seasonal industry is activity within an economic sector in which the majority of operations take place during only part of the year, usually within a period of half a year or less. [ 1 ] In some cases, as with agriculture , this limitation may relate to climate or other forces of nature.
Seasonal adjustment or deseasonalization is a statistical method for removing the seasonal component of a time series. It is usually done when wanting to analyse the trend, and cyclical deviations from trend, of a time series independently of the seasonal components.
State government’s job vacancy rate before the coronavirus pandemic was 12.3%, State Budget Director Kristin Walker said. ... Cooper is calling for 8% across-the-board pay increases for state ...
In time series data, seasonality refers to the trends that occur at specific regular intervals less than a year, such as weekly, monthly, or quarterly. Seasonality may be caused by various factors, such as weather, vacation, and holidays [1] and consists of periodic, repetitive, and generally regular and predictable patterns in the levels [2] of a time series.
The unemployment rate dipped to 4.1% from 4.2%, also beating expectations. "Given a resilient labor market, we now think the Fed cutting cycle is over," BofA predicted. Economic activity is robust.
The wage increase shown in the previous diagram can be decomposed into two separate effects. The pure income effect is shown as the movement from point A to point C in the next diagram. Consumption increases from Y A to Y C and – since the diagram assumes that leisure is a normal good – leisure time increases from X A to X C. (Employment ...
“Seasonal jobs are great opportunities for job seekers who want to eliminate gaps in their resumes or build new skills," Challenger said. “Often, these seasonal positions become permanent.