Is There Statistical Insignificance In The Jobs Report?
According to the Bureau of Labor and Statistics’ press release today, the following is true (but subject to revision in August and September): 132,000 new jobs were created in June versus expectations of 120,000 33,000 more jobs were created in May than previously measured 42,000 more jobs were created in April than previously measured So, in total, today’s overall surprise was 87,000, measured against the total number of employed people (also in the BLS release) of 146,100,000. In percentage terms,…
Original post by Dan Green