Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MythMan who wrote (273179)	1/9/2004 1:00:05 PM
From: GraceZ	Read Replies (2) of 436258

Unemployment is taken from the household survey and jobs data is taken from the establishment survey. If a new job is created by a person working out of their basement as a self employed individual or as a contract worker for a large company as opposed to an employee it shows up as a fall in unemployment but it doesn't show up in the jobs number. The jobs data comes from calling large companies and asking them about hiring. If the established known companies aren't the ones creating jobs then the jobs people say they have in the household survey don't show up. They can't call companies they don't know exist. The CNBC story was that there are more discouraged workers but if they took the time to look at the data they'd see that the number of "marginally attached" (those who want a job but haven't looked for a job in over a year) has been on a down trend since 2000. The other answer you got to this question is false. Unemployment is not taken from unemployment insurance roles. If it did we'd have unemployment that was substantially under reported, around 2.8%.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next