Claims tagged with "Statistics"

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Lower response rates don’t yet seem to have had a major effect on the reliability of the statistics, but experts say it is only a matter of time before they do. 0.700

👤 Experts 📋 News Article 🏷️ Government , Statistics

Simplified: Lower response rates don't yet have a major effect on statistics reliability but experts say it is only a matter of time

1 sources

1 month ago
The statistics bureau has acknowledged a need to modify its methods, and has already begun making changes. 0.900

👤 The author 📋 News Article 🏷️ Government , Statistics

Simplified: The statistics bureau acknowledged a need to modify methods and has begun making changes

1 sources

1 month ago
To produce timely estimates, statistical agencies have to make assumptions to fill in the gaps left by incomplete data. 0.900

👤 The author 📋 News Article 🏷️ Government , Statistics

Simplified: Statistical agencies make assumptions to fill gaps from incomplete data for timely estimates

1 sources

1 month ago
That was true for much of President Joseph R. Biden Jr.’s term as well, other than a p 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Revisions were consistently down for much of Biden's term

1 sources

1 month ago
What has been unusual during the early months of Mr. Trump’s term is that the revisions have been consistently in the same direction: down. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Revisions have been consistently down during early months of Trump's term

1 sources

1 month ago
The average revision during Mr. Trump’s first six months in office is almost identical to the average during the four years of the Biden administration. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Average revision during Trump's first six months is almost identical to average during Biden administration

1 sources

1 month ago
But on the whole, revisions have grown smaller over time, according to an analysis by Ernie Tedeschi, director of economics for the Yale Budget Lab. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Revisions have grown smaller over time according to Ernie Tedeschi

1 sources

1 month ago
The revisions announced on Friday were the biggest in decades, outside the pandemic. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Revisions announced on Friday were the biggest in decades outside the pandemic

1 sources

1 month ago
“These numbers are intended to speak to lots of different audiences,” said Guy Berger, a labor economist who has followed the monthly jobs reports for years. 0.900

👤 Guy Berger 📋 News Article 🏷️ Economics , Statistics

Simplified: Guy Berger said these numbers are intended to speak to lots of different audiences

1 sources

1 month ago
But to people who don’t follow economic news closely, such big changes can be shocking. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Big changes can be shocking to people who don't follow economic news closely

1 sources

1 month ago
The downward revisions on Friday helped bring the monthly payroll numbers more closely in line with other measures of the labor market. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Downward revisions on Friday helped bring monthly payroll numbers in line with other measures of labor market

1 sources

1 month ago
Regular users of the jobs data know to expect revisions and adjust accordingly, averaging the monthly data over time and combining multiple sources to get a more complete picture. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Regular users of jobs data expect revisions adjust accordingly averaging monthly data combining multiple sources

1 sources

1 month ago
Once a year, the agency releases a larger “benchmark revision” that aligns the survey data with more definitive — but much less timely — records from state unemployment insurance offices. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Agency releases larger benchmark revision annually aligning survey data with records from state unemployment insurance offices

1 sources

1 month ago
It revises the numbers twice in subsequent months, as data comes in from employers that responded late. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Statistics bureau revises numbers twice in subsequent months as data comes in from late responding employers

1 sources

1 month ago
Revisions are how we get timely statistics and accurate statistics.” 0.900

👤 Jed Kolko 📋 News Article 🏷️ Economics , Statistics

Simplified: Revisions are how we get timely statistics and accurate statistics

1 sources

1 month ago
In the case of job growth, the statistics bureau conducts a monthly survey of more than 100,000 employers to collect data on how many people they employ, hours worked and wages paid. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Statistics bureau conducts monthly survey of more than 100000 employers to collect data on employment hours wages

1 sources

1 month ago
“If we only looked at timely statistics, they wouldn’t be accurate. 0.900

👤 Jed Kolko 📋 News Article 🏷️ Economics , Statistics

Simplified: Jed Kolko said if we only looked at timely statistics they wouldn't be accurate

1 sources

1 month ago
“If we waited for perfect data, our statistics wouldn’t be timely,” said Jed Kolko, who oversaw economic data at the Commerce Department during the Biden administration. 0.900

👤 Jed Kolko 📋 News Article 🏷️ Economics , Statistics

Simplified: Jed Kolko said if we waited for perfect data our statistics wouldn't be timely

1 sources

1 month ago
Statistical agencies release preliminary estimates of job growth, inflation, gross domestic product and other measures, then revise them as more complete data becomes available. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Statistical agencies release preliminary estimates then revise them as data becomes available

1 sources

1 month ago
But the most complete data is often based on tax returns, Social Security filings or other records that aren’t available until months or years later. 0.900

👤 The author 📋 News Article 🏷️ Economics , Statistics

Simplified: Most complete data is based on tax returns Social Security filings available months or years later

1 sources

1 month ago