Obama administration has said ‘not to read too much into’ jobs reports for 30 months
It has happened 30 different times over the Obama presidency in response to the monthly jobs report.
An Obama administration official, responding to the monthly jobs report numbers, has written a blog post on the White House website arguing that it is “important not to read too much into any one monthly report.”
“As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision,” Alan Krueger, the chairman of the White House Council of Economic Advisers, wrote Friday in response to the news that the unemployment rate is still at a disappointing 8.2 percent.
“Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available,” Krueger said.