Explain something about job numbers

[clacy]

All government statistics should be taken with a very large grain of salt. Over time, the way stats are gathered also changes, as do the criteria. Probably the most important part of the jobs numbers is digging into where the jobs are, and how they were calculated. Remember in the Obama days, when a full time employee was fired, and two part time workers hired to replace, that was counted as job growth.

Regardless of the Obama vs Trump debate I can assure you as an employer that finding employees (both full time and part time) is the biggest challenge in business right now.

 

[sandp500trader]

I'm not having a Trump vs. Obama debate. I'm just saying the government statistics need to be taken with a very big grain of salt. If you're having trouble finding employees, that is a good thing for the employee. That's what causes wages and working conditions to increase. When something is rare, it becomes more valuable.

 

[ironchef]

The numbers are still relevant even if there is a bias in the way data is collected, as long as the same bias persists, then the important information is in the change and relative numbers.