Job Statistics | A 200,000 gap makes the Job Report meaningless

Last Fridays’s Bureau of Labor Statistics release said 115,000 new jobs were created in April. However, if you read the footnotes, what Friday’s report really says was that the BLS is 90% certain that April new jobs were between 15,000 and 215,000.

Mind you, the BLS did not say 100% only 90% certain. That means it could be negative or wildly positive.

Meanwhile, a 200,000 gap in new jobs is so wide that it makes the entire report meaningless…

Source:

Read More @ The Aftermath of Friday’s BLS ‘Findings’ – Forbes.