Jobs report: It is what it is
The grumpy amongst us have jumped on the internals of the employment report to shoot holes in it, as they always do whenever it shows improvement.
That’s fine, that’s what they do.
I am much more hands off on the subject. The data is what the data is. It is flawed, it is an estimate, but the bean-counters have a methodology and the stick with it, through thick and thin.
Like bad calls by the referees in a basketball game, they tend to even out over a long season. That’s my feeling on government data…