How reliable are the employment/unemployment data? Standard errors and mean absolute revisions
At 8:30 am tomorrow (March 10), BLS will release the “Employment Situation” for February. I expect most of the media attention will focus on whether U.S. employment growth accelerated or decelerated in the first month of the Trump administration—Trump has already tweeted about an ADP jobs report that was above expections. (ADP is a private-sector payroll services …
Read More How reliable are the employment/unemployment data? Standard errors and mean absolute revisions