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To: Oeconomicus who wrote (131563)	9/20/2001 11:28:41 AM
From: GST	Read Replies (2) \| Respond to of 164684

I am happy to debate numbers with somebody who has no knowledge of where they come from or how they are calculated -- naturally you have the upper hand in this discussion LOL. Unemployment numbers come from surveys where people are NOT asked if they are unemployed, they are asked if they are "looking for work". If they are not looking for work, then they are not unemployed -- even if they just got fired or laid off. This makes unemployment numbers very crude as a measure that shifts with answers to a vague perceptual question. The "fact" is that many people do not rush out and look for work when they are in the early stages of unemployment if they think they jobs are plentiful and they want to take a break from work -- which they can usually only do if they have a dollar in the bank. As savings dwindle and as people perceive the job market to be "tighter", there is more of an incentive to actually go out and make an effort to find a job. If you were using the unemployment claims numbers, my brilliant friend, unemployment would already be much higher. This was a bit puzzling to economists this past summer. Of course I have no "facts" -- only you know the facts -- you read it in the newspaper LOL. I'll bet you are the kind of guy who loves all the facts in pro forma income statements as well. 'Bon chance'.