[eeriegeno]

* The government says it gets its new job count by surveying 300,000 businesses. But the participants are not selected randomly or scientifically. And there is no way of knowing how many of these companies reply truthfully to the government's request.

"Garbage in, garbage out."

It seems to me that the crunched numbers are not very 'bankable' since the input is not very scientific....

[arete]

Just reported on the St Louis Fed website:

"The BLS announced that, in its August 7, 2003 Productivity and Costs release, data for 2002Q4 and 2003Q1 were incorrectly reported for manufacturing, durables, nondurables, and nonfinancial corporations (http://www.bls.gov/lpc/#notices). We will update these pages as soon as the BLS releases the revisions on September 4, 2003. We apologize for any inconvenience."

Richard W.