Statistics

China is set to deliver another lacklustre economic report card

Creating a class of “platform workers” distinct from employees would make it easier to understand the legal protections available, says MOM.

Seen and supported: Why data is indispensable for the platform economy

The rush to find statistical significance in pools of data has led to discredited studies that are the tip of a statistical iceberg.
THE BROAD VIEW

The folly of data mining

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

In strategist reports, causation is often claimed when the two numbers are merely correlated – if even that.
THE BOTTOM LINE

Relative measures can be absolutely wrong

The digital, green and care economies are of growing importance, with more granular divisions needed to classify the jobs involved.

Singapore’s statistical standard adds job codes for roles in tech, green economy

Britain's statistics regulator raised concerns about how the Office for National Statistics calculates unemployment and other key labour market data.

UK regulator raises concerns about labour data quality

Britain was the only Group of Seven economy yet to rebound past pre-Covid levels, until it wasn’t.

The danger of building strong narratives on weak data

It’s important in any democracy for people to know how public money is spent, but perhaps the only thing most people hear on such occasions is: “Big number, big number, big number, big number.”
THE BOTTOM LINE

People are numb to big numbers

Going by the official statistics, US construction productivity hasn't improved, and may even have declined, over the last 50 years. Overregulation may have been a factor.

Regulation, productivity and the meaning of life