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.

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