Garbage in, garbage out
Business Week ran an article last month about the labor survey.
Its point was that the survey, although the best data-collection system in existence for tracking employment, is so flawed in participation & sample size, and so overcorrected for things like seasonality, that the results can easily swing by 50,000 each way. When the error range is bigger than the number, who can distinguish the data from the "corrections"?
Perhaps we need a better system for getting the numbers before we can analyze them.
The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
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