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5 Government Statistics You Can’t Trust

Posted by JC Plus 1, Inc. on July 6, 2011

“As pattern-seeking creatures, statistics have a peculiar hold on our minds. Quite a large number of decisions are undertaken on the basis of what statistics tell us. That is certainly true when it comes to government economic data and the blizzard of stats that come out every month.

Billions of dollars’ worth of value appears or vanishes on the basis of what these numbers say about the health, growth and direction of the economy, and the implications for company profits, interest rates and so on.

Some of that faith seems to be misplaced. While great reliance is placed on government economic numbers and the financial media report on them at length, in-depth discussions of how the numbers are created — and where the weaknesses may lie — is relatively rare.

Unfortunately, those gaps are significant.” READ MORE in this article by Stephen Simpson.

Share your thoughts and feedback with us below…tell us what YOU’RE thinking after reading this! OR email us at: info@JCPlus1.com

Keywords: statistics, jcplus1inc, job creation, jobs, economy, small business, unemployment, inflation, jcplus1.com

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