Final Note

Take the jobs report with a grain of salt

Kai Ryssdal Nov 7, 2014
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Final Note

Take the jobs report with a grain of salt

Kai Ryssdal Nov 7, 2014
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The jobs report today announced 214,000 new jobs last month. The unemployment rate dropped to 5.8 percent.

Except maybe not.

The Bureau of Labor Statistics tells us the jobs report is accurate to within 90 thousand jobs plus or minus, and 0.2 percentage points on the rate.

So maybe it’s 124,000 new jobs and a 6 percent unemployment rate. Probably not, but maybe.

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