Comments on: Those noisy payrolls figures http://blogs.reuters.com/felix-salmon/2014/02/07/those-noisy-payrolls-figures/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: junkcharts http://blogs.reuters.com/felix-salmon/2014/02/07/those-noisy-payrolls-figures/comment-page-1/#comment-49262 Wed, 19 Feb 2014 18:42:11 +0000 https://blogs.reuters.com/felix-salmon/?p=23095#comment-49262 Felix, great that you’re pointing this out. The press release also discloses the margin of error which tells the same story. It’s sad that the mainstream press is ignoring this.
We really shouldn’t be dumbfounded by why Wall Street trades on the “noise”, it isn’t that surprising. You need variability (i.e. “noise”) to make money. If it’s easy to predict what the number is, then the profits would disappear.

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By: dedalus http://blogs.reuters.com/felix-salmon/2014/02/07/those-noisy-payrolls-figures/comment-page-1/#comment-49186 Fri, 07 Feb 2014 19:31:12 +0000 https://blogs.reuters.com/felix-salmon/?p=23095#comment-49186 I think it’s a bad apperception to think “it’s Janet Yellen’s job to find work for those [unemployed & underemployed] people.”

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By: CDN_Rebel http://blogs.reuters.com/felix-salmon/2014/02/07/those-noisy-payrolls-figures/comment-page-1/#comment-49185 Fri, 07 Feb 2014 18:58:38 +0000 https://blogs.reuters.com/felix-salmon/?p=23095#comment-49185 So here’s a question: why do people focus so hard on the month to month jobs numbers if they are essentially noise and people in the know should know it? And how is the U2 number derived in that the loss of nearly 3m jobs can equate to a drop in the rate by 0.1%? (Honestly – no sarcasm intended…)

I’ve read BLS reports before and not really seen (or perhaps *gulp* understood) exactly how they derive their numbers. Maybe they should publish more openly these raw figures and let the public at large have a better understanding of what’s going on, because all we’re gonna get is politicized slant (from both sides) and very little explanation/understanding.

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