Oddbean new post about | logout
 Each time we see economic/job news saying “better” or “worse” than analysts/economists projected I wonder why we don’t question the judgments of analysts/economists. 

Payrolls soared by 336,000 in September, defying expectations for a hiring slowdown https://www.cnbc.com/2023/10/06/jobs-report-september-2023.html

https://files.mastodon.social/media_attachments/files/111/188/314/157/790/168/original/55a8c709b6382b32.jpeg 
 @edc128e6 I have thought this so many times. Same with Wall Street “expectations.” When a company doesn’t meet them it’s somehow the company’s fault,  not the analysts. 🤷