Finance Geek

Economic data are subject to error, and employment statistics are no exception. Each month the employment figures are reported and discussed in the media down to the last digit as though blessed with divine perfection. But they’re not.
The U.S. Bureau of Labor Statistics (BLS) reports two monthly employment series: nonfarm payroll jobs collected from employers, and civilian employment collected from household interviews. Both are valuable in assessing the condition of labor markets and guiding policy decisions. But users would be better off, and gain better perspective, if they…

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This entry was posted on Monday, February 6th, 2012 at 8:24 am and is filed under RealClearMarkets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.