This awesome video explains how to read the jobs data

August 26, 2013

The media does a pretty good job of telling you the basics of the monthly jobs report — how many tens of thousands were gained (or lost), where the unemployment rate stands — and here at Wonkblog, we try to go into a lot more detail. But often the particulars of how the report is actually constructed, and what it can and can't tell us, get lost in the shuffle. Enter Data Docs, a really cool project that makes interactive short documentaries for the web. Its first — featuring Planet Money's Jacob Goldstein, CEA member Betsey Stevenson, UMich's Justin Wolfers, and survey data ninja Andrew Reamer — is on how the jobs report is put together, and it's awesome:

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