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Do Markets Respond More to More Reliable Labor Market Data? A Test of Market Rationality

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NBER1996-09-01 更新2025-01-04 收录
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Since 1979, the Bureau of Labor Statistics (BLS) has nearly quadrupled the size of the sample used to estimate monthly employment changes. Although first-reported employment estimates are still noisy, the magnitude of sampling variability has declined in proportion to the increase in the sample size

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1996-09-01
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