The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: bentway who wrote (14143)	10/5/2003 5:42:47 PM
From: GraceZ	Read Replies (1) of 306849

I really have no faith in gummint labor statistics. They really only count people on unemployment. From this statement I get that you believe that the figure that the BLS uses for the unemployment rate comes from the number of people on unemployment insurance. If you look at their site, you can see this is a incorrect. The figures are compiled using a sample survey. bls.gov Where do the statistics come from? Because unemployment insurance records, which many people think are the source of total unemployment data, relate only to persons who have applied for such benefits, and since it is impractical to actually count every unemployed person each month, the Government conducts a monthly sample survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country. The CPS has been conducted in the United States every month since 1940 when it began as a Work Projects Administration project. It has been expanded and modified several times since then. As explained later, the CPS estimates, beginning in 1994, reflect the results of a major redesign of the survey.

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