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 Whatever the statists touch, turns to shit: head of the OZschwitz Bureau of Statistics: Don't take employment numbers too seriously

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RR Phantom

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Whatever the statists touch, turns to shit: head of the OZschwitz Bureau of Statistics: Don't take employment numbers too seriously Vide
PostSubject: Whatever the statists touch, turns to shit: head of the OZschwitz Bureau of Statistics: Don't take employment numbers too seriously   Whatever the statists touch, turns to shit: head of the OZschwitz Bureau of Statistics: Don't take employment numbers too seriously Icon_minitimeFri Feb 13, 2015 3:16 am
The new head of the Bureau of Statistics has a disarming reply to people who complain that the bureau's unemployment data is unreliable. It's to not rely on it.

Whatever the statists touch, turns to shit: head of the OZschwitz Bureau of Statistics: Don't take employment numbers too seriously Article%20Lead%20-%20wide6608994113d4byimage.related.articleLeadwide.729x410.13cjbp.png1423769426985.jpg-620x349

The January unemployment rate was 6.4 per cent. David Kalisch says the media and markets should focus instead on what the bureau calls its 95 per cent confidence interval, reporting that the bureau is confident the true rate is between 6 per cent and 6.8 per cent.

It would mean reporting that the total number of Australians in jobs did something between sliding 72,200 in January and climbing 45,800. It would mean reporting that the number of Australians unemployed did something between climbing 74,900 and falling 5900. It would mean acknowledging that the bureau's employment estimates are even less accurate than is widely believed.

Read more: http://www.smh.com.au/business/abs-chief-david-kalisch-dont-take-the-employment-numbers-too-seriously-20150212-13cjbp.html#ixzz3RbwX5iAM
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Whatever the statists touch, turns to shit: head of the OZschwitz Bureau of Statistics: Don't take employment numbers too seriously PgkowJT
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