Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: GraceZ who wrote (39444)	10/10/2003 6:37:05 PM
From: maceng2	Read Replies (1) of 74559

Hi Grace, I would regard someone who is "unemployed" as someone who is looking for work or who is collecting unemployment benefit. They have a social security number and it's fairly easy to find out if they are getting a paycheck or not. So why the need for sampling? We have lots of computers to process the data. OK there is no direct measurement for the black economy (unrecorded work and pay, unrecorded crime etc), but some models can be made for that and some statistical measurements made to guestimate it's influence. My point is the real unemployment number can be found with a little bit of effort and imagination. It's not as if we don't have the technology.

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