No. of Recommendations: 3
It’s called mathematics.
It's called statistics.
The first report of job numbers comes out just days after the month end. Not every company reports in a timely manner, so data is limited.
This is the reason the BLS revises the numbers for the previous 2 months and occasionally revises annual numbers. The more time that goes by means they have more data. The more data, the more accurate the number. Math.
Here's more math: report out a sample size and a projected +/- for the data. That way you can really grade them to see how well they're doing...and avoid the massive swings in data reporting. Would also eliminate the politics behind it as well.
By the way, I love these threads. Dude comes over here and asks a relatively neutral question and it's like somebody rattle the cages at the insane asylum the way the left piles in with just sheer hate.
