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Job Reports May Often Be Misjudged

Posted on the 01 May 2014 by Paul Phillips @sparkingtheleft

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.


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