| ▲ | readthenotes1 3 hours ago | |
The reported economic data has been squirrelly for many years. For instance, the employment report (establishment survey) has an error rate or +/- 122,000 with 90% confidence--completely swamping the actual value. It be like I said I was 2m tall on my dating profile and one date is frightened off by my being -0.2m tall and another by me being 4m tall. | ||
| ▲ | twoodfin 3 hours ago | parent | next [-] | |
That’s 122,000 out of a labor force size of 170 million!! Yes, month to month you have large absolute error bars vs. the monthly delta, but being an imperfect monthly barometer of labor force momentum is only the headline use of the establishment report. | ||
| ▲ | pastage 3 hours ago | parent | prev | next [-] | |
This is the point #1 in the article, the need for better sampling methods. You do not get that easily. | ||
| ▲ | lostlogin 3 hours ago | parent | prev [-] | |
That dating analogy would work better if America wasn’t messing up every relationship with lunatic behaviour. Everyone swiped left long ago. | ||