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"Highly skilled, nerdy-cool"

September 15, 2011

More good news for data scientists, this time from Fortune: The unemployment rate in the U.S. continues to be abysmal (9.1% in July), but the tech world has spawned a new kind of highly skilled, nerdy-cool job that companies are scrambling to fill: data scientist.

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Unemployment: 10.2%

November 6, 2009

This chart from the stimulus brochure is looking worse and worse:

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On revisions, episode V

October 2, 2009

This is a huge revision: The so-called “benchmark revision” that was announced today will not formally be incorporated into the job figures until February, and could be revised. But the figures indicate that last March the government overestimated the total number of jobs by 824,000, or 0.6 percent. Its overestimate of private-sector employment was even […]

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Truth in advertising?

June 15, 2009

I find this graph very interesting, not just because of any implied political statements, but for how it highlights the absurdity of economic forecasting and the potentially misguided trust we place in such numbers. The blue lines were circulated by Obama's economic team when they were pitching the stimulus bill in order to illustrate its […]

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Breaking down labor mobility

June 7, 2009

Great graphic from the NYT (click to zoom): (via LL)

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How (not) to design a stress test

April 25, 2009

Of course the big news of Friday afternoon was the preliminary release of the metrics used in the bank stress tests.  Unfortunately it didn't turn out to be much news at all; few hard figures were revealed and those that were came largely within expectations.  The NYTimes published an excellent copy of the document right […]

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Unemployment map

April 20, 2009

Slate has an interactive map which illustrates job losses by county throughout the US over the last two years. It's very sobering to watch the red circles (representing losses) explode in late 2008.

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