Friday, November 05, 2004

The New York Times > Business > Labor Market Snaps Out of Lull to Add 337,000 New Jobs: "Economists cautioned, however, that a one-month gain did not constitute a trend, since the economy has recorded encouraging spurts of job growth before that have just fizzled out in subsequent months." Let me add, having watched numbers like this being created by the federal government that the methodology used is mostly bogus, consisting of: 1. announce results to public. (First iteration you can just make up a number) 2. compare announce results to results from other sources. 3. take measurements and compare with announced number. 4. average old number, new measurements, measurements from other sources to generate next months number 5. Repeat.

No comments:

Blog Archive