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Extracting the Signal from the Noise

Mesaj: 154

Extracting the Signal from the Noise

Mesaj#1 » 2017 Haz 15 13:07

Washington were faced with a profound gap in their understanding of the state of the U.S. economy: no one actually knew how many Americans were out of work. Aside from some attempts in the decennial census, before the 1930s no government agency had regularly measured the number of individuals seeking work in the United States.

This inability to measure basic economic conditions may seem shocking to observers of the U.S. economy today. The federal statistical agencies – the Bureau of Economic Analysis, the Bureau of Labor Statistics (BLS) and the Census Bureau – and a variety of other public and private entities now provide a wealth of economic data on an annual, quarterly, monthly and sometimes even weekly or daily basis.

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