What Santa Complains About

Whether looking at what Santa could be earning or a typical U.S. worker, wage growth is not as high as they would like it to be.

Using Three Questions To Understand the Employment Report

Hearing 4.7% unemployment you might think, “Awesome.” But then the 38,000 jobs creation number for May was dismal. How to interpret an employment report? Did the Denominator Shrink? After a 10% peak in October 2009, the unemployment rate has steadily…

How Wrong Are BLS Jobs Numbers?

China and Nepal used to disagree about the height of Mount Everest. Nepal counted the snow caps while China just included the rock height. Consequently, Nepal said the peak was 4 meters higher than China. Then, in 2010, China said okay, the…

A Tale of Two Surveys

Everyone was surprised that the US unemployment rate for September dipped to 7.8%. Interpreting the number as evidence of an accelerated recovery, some people were delighted. Others advised caution, saying the statistical source of the unemployment rate is not always…