No, it's the normal jog that you get when working in the round. It's really more of a spiral so the last st in a round is higher than the first stitch. I try to make the beginning of the round on the side or by a `seam' but I'm not sure you can with this. What I've tried and helps somewhat, is to slip the first st in the round, change the st, then work it at the end of the next round. Then you slip the next st for the next round (that's st 2 in your round) and work it in the other st at the
end again. It works pretty well, just keep your stitch marker in the same spot - or you can move it over, depends on if you need to knit X sts from the beginning of the round to do something or not.