Economic indicators

THE BROAD VIEW

The perils in the search for the perfect GDP alternative

Statistical agencies trip up when they attempt to weigh the values of good and bad in society

There were likely 818,000 fewer non-farm payroll jobs created in the 12 months to March 2024 than what the Bureau of Labor Statistics had previously announced.

The jobs numbers went down, but trust in them shouldn’t

When government agencies revise their data, as the US’ Bureau of Labor Statistics did last month, it usually means they have more reliable information