Saturday, January 10, 2004

Jobs Report

I'm not going to question the characters of the fine fine career professionals who worker at the Bureau of Labor Statistics. I'm sure they're above taking part in any manipulation of the statistics for political purposes. But, I would like to point out that it was really convenient that the October and November jobs estimates were revised downwards in the latest reports. Otherwise, rather than 1,000 job increase we saw we could have seen a 50,000 or more job loss for the month. That wouldn't really change the economic picture in a substantial way, but it would change the headlines.