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« New Year's Resolution: Understand that Action Requires Confidence | Main | Three Business Decisions »

February 01, 2008



It's surprising to me that it is not pointed out more often that this jobs number is not a set in stone number. Especially in the mainstream nightly news, this number is reported as a hard number. I guess is we were constantly told we would never know exactly how many jobs were created or lost this month the news outlets wouldn't have as big of a story.


I'm looking forward to your analysis of the B/D numbers.

As you would expect, many of the usual suspects seized the benchmark revisions as evidence that the B/D model is flawed. Of course, there was no comparison to previous methodologies.

Maybe the B/D model is worse, maybe it's better, but I've seen no basis for concluding it's flawed.

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