Category Archives: Statistics

Quantitative Literacy: The Philosophy of Math (no math required)

As a society, I think we’ve all been conditioned to think of anything mathematical as “truth.” After all, if I have 2 apples, and I eat one, then I only have 1 apple left. Who could argue with that as … Continue reading

Posted in Econometrics, Economic Theory, Public Policy, Race, Socioeconomics, Sociological Theory, Statistics, Uncategorized | 1 Comment

The Statistical Significance of Statistics

There’s been a lot sparking between some sociologists and economists about the value of the “p-value” in econometric/regression analysis. Noah Smith points out that even the field of Psychology has declared open season on statistical p-values. One missing thing from … Continue reading

Posted in Econometrics, Economics, Public Policy, Socioeconomics, Sociological Theory, Statistics | Leave a comment

When Companies are Desperate to Hire, But Don’t (Stats Heavy)

What used to be an average of 15 days to hire workers for open jobs (2009) is now taking an average of 27 days (2015), at least according to one (selective) study in the Wall Street Journal. There’s some evidence … Continue reading

Posted in Econometrics, Economics, Labor, Sociology, Statistics | Leave a comment

A Soviet Style Labor Purge Approach to Full Employment

This week the unemployment level fell to 5.5%. This is within the full employment range. However, behind the scenes, there seems to be a purge of the labor force, which will result in full employment numbers. While there are some … Continue reading

Posted in Demographics, Economics, Labor, Macroeconomics, Sociology, Statistics | Leave a comment

Walmart and the Statistically Graveyard Dead (Wonkish)

It’s great news that Walmart is going to be raising the floor wages of all of its workers to $10 per hour. However, there are some Wall Streeters that are saying that it’s great for the labor market as a … Continue reading

Posted in Demand, Economics, Labor, Markets, Statistics, Wages | Leave a comment

The Economy Equals Wall Street

Some conservative economists from the University of Chicago decided to get their name in the New York Post by claiming that 20% of last quarter’s GDP growth was because of the consumption of Obamacare, thus blaming health insurance for conflated … Continue reading

Posted in Demand, Economics, Health, Macroeconomics, Markets, Public Policy, Statistics | Leave a comment

When Good News is Bad: The Jobs Edition

Yesterday’s jobs report (for September) was the most depressing I’ve seen yet since 2008. Unemployment fell to a pre-recession low (5.9%). New jobs were added to both the BLS numbers and the ADP Payroll report. That has to be great … Continue reading

Posted in Economics, Labor, Macroeconomics, Political Economy, Statistics | Leave a comment