Academic

FUDGING UNEMPLOYMENT STATISTICS? ?No one will know what the error rate has been with the establishm?

By Glenn Reynolds

FUDGING UNEMPLOYMENT STATISTICS? “No one will know what the error rate has been with the establishment survey from April to December 2009 until the numbers are revised again in February 2011, three months after the 2010 midterm elections. But a great deal of skepticism seems warranted. The establishment survey assumes that new firms generated almost a million new jobs over those nine months. At the same time, the household survey just happens to show that about a million more jobs were lost than the survey of firms indicates.”

Full post as published by Instapundit.com on February 10, 2010 (boomark / email).