What's the big deal about official economic data?

The monthly jobs report is big news on the first Friday of every month, swaying the financial markets and prompting immediate analysis. But should these numbers matter so much? A new book, "The Leading Indicators," argues we overvalue data like the GDP and inflation. Economics correspondent Paul Solman talks to author and analyst Zachary Karabell.

FROM PBS | MARCH 6, 2014

Source: https://www.youtube.com/watch?v=gXzFvKuB4K...