What's the big deal about official economic data?

Aired: 3/6/2014 | 0:07:27 | Clip
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.