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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: dday who wrote (321)8/25/2001 5:54:03 PM
From: Ramsey SuRead Replies (1) of 306849
 
Bob,

there are two major unemployment report, initial unemployment claims and unemployment rate.

The initial unemployment claims should be extremely accurate. Even though it only tells you how many people are filing claims, it should still be escalating if we have big layoffs.

The unemployment rate is based on who-knows-how calculations of labor force and what percentage of labor force is unemployed. This is the number that should be much higher if we do have an unemployment problem but far less reliable.

Regardless of how you look at these indicators, my point is with all the announced layoffs that had been on going for almost a year now, it does not match the published unemployment figures. Why?

Ramsey
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