What decisions are so important and time sensitive they depend on these numbers right after a month is over? And also we at one point were making decisions without these numbers yet the quality of the decision making isn’t clearly improved.

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jmalicki 12 hours ago | parent [-]

"What kind of stocks should my mutual fund invest in?"

"What sort of startups should I fund?"

"Should my business aggressively hire this quarter anticipating growth, or hold out for a possible recession?"

	▲	vlovich123 11 hours ago \| parent [-]
		A few months of extra no data won’t impact the stock investments if no one has that data. Startup funding is similarly not so time sensitive. As for businesses hiring, they should hire based on their own growth. Using an external signal that itself gets adjusted drastically is similarly problematic; I don’t hire because I think no one else is hiring and the numbers get majorly adjusted up. Similarly I hire a bunch of people and it turns out no one else hired. No one benefits from faster numbers that are majorly shifted in a few months anyway. You wouldn’t make any different decision if no one had the numbers. The only thing you’re doing differently is when the numbers come out your gambling whether or not you think the true number will be revised in some major way in a few months. That’s not helpful for the economy writ large.