Barry Ritholtz, Columnist

Ignore Today's -- and Most -- Jobs Reports

The employment situation report is the single most over-hyped, over-analyzed, over-emphasized, least-understood economic releases known to mankind.

November 8, 2013 at 1:01 PM UTC

By Barry Ritholtz

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

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Today, I want to discuss why the Employment Situation report is the single most over-hyped, over-analyzed, over-emphasized, least-understood economic releases known to mankind. It is also one of least useful economic data points where investors are concerned.

Long-time readers must bear with me, as they have heard this too many times before. But to new readers of mine at Bloomberg View, a few explanatory words are in order: