Sunday, January 19, 2014

Nonfarm payroll numbers from 'thin air'


For forty years, I have decried the reliance upon the non-farm payrolls number as anything other than a number pulled from thin air. The revisions have been higher or lower in absolute terms by 40-50,000 per month, and there's no consistency to it.

via - http://www.cnbc.com/id/101329755