Warning: The data on which much of this column is based comes from a survey with a very wide margin of error.
Wait. Don’t go. I recognize that this is the age of Big Data and therefore no one need waste her or his time on shoddy information. But I’m talking about the latest estimate of hiring and firing by Statistics Canada. Judging by the initial reaction to those numbers Friday morning, I’m guessing some of you were unaware that the figures are little more than rough approximations of what’s happening in the labour market. They are helpful, but no one should be using them to form conclusions.
And yet so many of us do.
Continue reading at the Financial Post ...