dmv wrote:
] Decius wrote:
] ] There is a lot of journalist fluff in this article. Scan for
]
] ] numbers. The job growth last month beat estimates, but that
] ] doesn't mean it was particularly good. If numbers like that
] ] are sustained for a while it would be a positive sign.
] ] However, there are still fewer jobs in the economy today
] then
] ] there were in March of 2001.
]
] Worse yet, the recent numbers don't tell much. They have been
] consistently revised after a couple of months when more data
] came in (remember, it is all estimates). And they generally
] are not revised positively.

Yeah... There have been significant revisions in the past, as well as questions about changes to the calculation methods...

RE: FT.com / World - Balance of power shifts to the employers