Economist Weekly Market View
Lies, damned lies, and statistics
 
 

The firing of a little-known labour statistician by President Trump has brought to the fore an ongoing debate amongst economists - that is whether macro statistics are becoming unreliable as the response rates to key surveys decline. In the US, major revisions to the benchmark payroll jobs survey are quite common and are typically shrugged off by investors and grumpy forecasters, whose models then require tweaking.


 
 
 
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