The Business Times

Statistics

D7 Opinion
The Broad View

The folly of data mining

US job gains for the past 12 months ending in March showed there were 818,000 fewer jobs than previously reported in the largest downward revision since 2009.
Opinion & Features

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.
Opinion & Features
THE BOTTOM LINE

Relative measures can be absolutely wrong

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

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

Morning commuters on London Bridge in the City of London, UK, on Monday, May 16, 2022. The Office for National Statistics (ONS) will release the latest UK Labor Market Statistics on Tuesday. Photographer: Jason Alden/Bloomberg
International

UK regulator raises concerns about labour data quality

Britain was the only G7 economy yet to rebound past pre-Covid levels until it wasn’t.
Opinion & Features

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.”
Opinion & Features
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.
Opinion & Features

Regulation, productivity and the meaning of life

New Zealand's resident population tops 5 million
International

New Zealand's resident population tops 5 million

New Zealand statistics office delays some jobs data until Aug 17
International

New Zealand statistics office delays some jobs data until Aug 17

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