SI
SI
discoversearch

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.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AC Flyer who wrote (49775)5/11/2004 1:18:45 AM
From: smolejv@gmx.net  Read Replies (1) of 74559
 
Hi ACF: re net birth/death model - it's a new (may 2004) methodology to make the employment figures more up-to-date. While I feel one must stick to in dubio pro reo - ie that the Bureau of Labor Statistics did their Due Dilligence and politics did not interfere and the math behind it is sound - it is still an open question, how well this additional cooking of raw numbers will do down the road - the proof as ever is in the pudding: let's see how fair and close to reality it turns out to be in the rearview mirror in six months or a year.

bls.gov

One more sentence from Dr R's May letter is worth quoting:

... another oddity from the establishment survey: Average weekly hours fell in March: in fact, they fell so much that total hours worked declined even as the work force surged.

Omission of "birth/death" hours?

btw: there's nothing like a Schrodinger paradox - if we talk about the same Schrodinger, the one who had a cat etc - : it's just a solid fact that in some cases, when going quantum, you just cant have a cake and eat it too.

PS: just as a reminder - this new additional massage of data resulted in 153k of 308k of new jobs. The other half of the total came mainly from two sectors: construction (71k) and retail (47k)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News