People throw out statistics all the time, certain that numbers bring certainty to whatever they have to say.
A data analytics degree is a surefire ticket to a job at many businesses these days. The "language of statistics" is the dominant vernacular at a leading U.S. university, says a recent magazine article about the shrinking number of humanities majors.
Sports fans analyzing player moves cite granular data about that player's performance. Heartless employers impose objective measures to rate their employees. And many sellers of goods want their buyers to fill out a survey about how they did, hungry for data beyond the value of the transaction.
Keep a critical mind as you swim in this ocean of data and numbers, or as you listen to that sales pitch or to a relative arguing that something is just so.
In his 2018 book "The Growth Delusion," journalist David Pilling shows how illusory economic data can be, particularly the most fundamental measure of all — gross domestic product. "It can count a bottle of Evian in the supermarket but not the economic impact of a girl in Ethiopia who trudges for miles to fetch water from a well," he writes.
The federal government's annual revision of state and local employment data, which affected Minnesota's monthly jobs announcement last Thursday, led me to re-check something I expressed certainty about in my first column in January — that Minnesota is seeing its workforce shrink faster than most states.
The new revised data shows the decline in Minnesota's workforce isn't nearly as steep as the old data said it was.
What's more, the overall U.S. workforce is said, by the new data, to be a bit larger than it was before the pandemic. The old data showed it was 1.5% smaller.