We now have a clear understanding of how Statistics Canada messed up the July jobs report. The agency has released a thorough review of the July 2014 Labour Force Survey, conducted by Claude Julien, Director General of Methodology Branch and Executive responsible for the Quality Secretariat, and Craig Kuntz, Director General of the Economy-wide Statistics Branch. The initial jobs report for July showed that a net 200 jobs were added, far below what economists had anticipated. On August 12, the agency announced that these figures were erroneous; the revised print indicated that employment growth was actually a whopping 41,700. At the time, Statistics Canada said that a full review would be completed and published within two weeks. Business in Canada was the only outlet to provide an explanation of why this error ocurred before the release of the revised figures: that a small planned change to one of its systems was implemented improperly, and this resulted in a processing error. StatsCan’s full review expounds upon this incident in great detail. The agency’s account of what went wrong is rather dense, but we’ll try to boil it down to the basics. https://businessincanada/2014/08/28/statistics-canada-july-jobs-data-error-review/
Posted on: Thu, 04 Sep 2014 08:51:03 +0000
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