Job Reports May Often Be Misjudged

02-jobs-image-master675-v4A great article in the NYT’s “Upshot” section with cool graphs reports that the monthly job numbers, and other economic indicators from the government and elsewhere, may be misleading due to “statistical noise”, i.e., uncontrolled for margins of error, bad sampling, etc.

An important read when you think of how these indicators affect Wall Street, your employer’s decisions at work, or when to buy a house.

Read Here.

//

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s