The New York Times has a doodle about sampling error in the jobs report that is worth looking at. Yes there is error, especially in the initial report, which is why watching the adjustments is important.
October 5, 2014
August/September Jobs Report
Why not make this a bi-monthly doodle? The August jobs report was initially terrible given the trend, but was adjusted to less terrible. The September jobs report was ok but adjusted to even better, as in 180,000 jobs added in August, and 248,000 in September. The 12 month moving average continues to get better, at 222,000 per month it is the best since the economy started adding jobs again.
The New York Times has a doodle about sampling error in the jobs report that is worth looking at. Yes there is error, especially in the initial report, which is why watching the adjustments is important.
The New York Times has a doodle about sampling error in the jobs report that is worth looking at. Yes there is error, especially in the initial report, which is why watching the adjustments is important.
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