Diving Into Today's Rosy Jobs Report

Matthew C. Klein writes for Bloomberg View about the economy and financial markets. He previously wrote for the Economist magazine and its economics blog, Free Exchange.
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Bloomberg's awesome Data Visualization gurus and I put together a presentation examining how the labor market has changed since 1990. CHECK IT OUT

No single data release probably affects markets more than the monthly jobs report published by the U.S. Bureau of Labor Statistics, which today noted that the economy added 204,000 workers in October. This focus is overblown because the changes are statistically insignificant and "noisy." Even so, studying longer-term job trends buried in the report is revealing.

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