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Non-Tech : The Critical Investing Workshop

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To: RocketMan who wrote (1604)	1/30/2000 6:26:00 AM
From: limtex	Read Replies (1) of 35685

RM - A lot of attention is paid to the monthly unemployment figure and we get a about of jitters every time it gets released. I have been owondering about that number for some time now. I question the following:- 1. how good is the total number from which the unemployed figure is derived. I mean does it take the whole working age population into account? Does it take all males and females into account. And even if it does....how accurate is it anyway? The population of the country is growing from several factors some of which are impossible to know since they are by nature ilegal. 2. How accurate is the number of tele-commuters or home workers or the impact thereof on the overall numbers. I mean maybe a housewife, who was a knowledge worker but stopped to have children, decides to get back into paid employment although since her children are still young and at school she does it from home. How accurate are the overall numbers of such workers and the potential pool of such workers and those who might be in similar positions. 3. What about the elderly/the retired/the over 60's. Here is anotehr pool of workers who maybe inth past couldn't work since much work was manual and destructive to health. Now however a lot of workis just the oppposite and some work in clean and pleasant surrooundings is for some elderly or retired people very beneficial for them. how is this pool of available labor dealt with. 4. Lastly I think it is worth mentioning that each month the issue resolves inot worries about relatively very small numbers. It wouldn't take much, say just one part of one of those areas that I meantion above or indeed there are certainly others as well, for the monthly drop in unemployment to actually be rendered much less important or indeed inaccurate. I'm aure that the statisticans who work out these numbers have thought about these issues but you never know when it comes to things like this sometimes you would be surprised that things aren't taken into account for the strangest of reasnos. Best regards, L

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