Following this morning’s news, and the better-than-expected news, on jobs numbers, I heard this story which had been filed yesterday. Today’s good news does not change the the reporter’s analysis. What really caught my attention was what this reporter stressed towards the very end:
“And, of course, the hourly wage numbers in the employment report are an average.” He goes on to explain some cities that vary from the average and some jobs that do.
This, has been the story all along. As my statistics professor used to stress, “look at the variance around the mean!” Read More Here