The October employment report warrants a big asterisk.
Justin WolfersSenior Scientist
Justin Wolfers is a professor of economics and public policy at the University of Michigan, and a non-resident fellow of the Brookings Institution.
Â Bad statistics undermine the credibility of good statistics. Unfortunately, the U.S. Department of Labor has been releasing bad statistics.
An English professor and a philosopher have made a bit of a splash with a recent New York TimesÂ opinion articleÂ asking, âWhat is Economics Good For?â
Over the past few weeks, markets have focused obsessively on the likelihood that the Federal Reserve will soon reduce, or "taper," the rate at which it has been injecting money into the economy.Â