Monday, October 8, 2007
Market Digesting Job Reports
Our trouble is… the jobs report is suspicious. If you suffered through the BLS official site, for example, you’d find they allow themselves huge margins of error - plus or minus over 400,000 jobs for their less popular household employment survey. It'll cost you $27 to learn the establishment survey's margin.... our sources claim its as high as +/- 129,000 jobs. In other words, unless the BLS reported a gain or loss of than 129k , you’re in an area that statisticians call insignificant “noise.”
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