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View Diary: Government reports increase of 114,000 jobs, official jobless rate drops to 7.8%, U6 is 14.7% (207 comments)

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  •  Not really a guess - it's based on a 60,000 (0+ / 0-)

    phone call survey - or about 60-fold larger than the average electoral poll that are touted as having a +/- 3% error margin.

    So, you can 60 times more people and get an 800% error compared to a 3% error - seriously, that makes absolutely no sense at all -and if true, they should just stop doing that survey, it's just that bad.

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