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.
Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (5772)3/5/2003 10:13:05 AM
From: Joe S Pack  Respond to of 25522
 
Here is something to ponder about these number from government.
(IMHO government is the 2nd worst manipulators of number after Wallstreet/Fed crooks )
Gov't Drops Monthly Mass Layoff Report

story.news.yahoo.com.

WASHINGTON - The Bush administration has dropped the government's monthly report on mass layoffs, which also had been eliminated when President Bush (news - web sites)'s father was in office.

The report by the Labor Department (news - web sites)'s Bureau of Labor Statistics recorded layoffs of 50 or more workers regardless of duration.

It was started in 1984 but was dropped for lack of funding during the last recession in 1992, when the first President Bush was in office. Lack of funding was cited this time, too. The program had been revived in 1995 under President Clinton (news - web sites).

The last report was issued on Christmas Eve with November's figures showing that U.S. companies laid off more than 240,000 workers in 2,150 mass layoffs.

A Labor Department spokesman did not immediately return a message seeking comment.

Last report including this announcement is at
bls.gov

I understand this number is based on a survey and wondering what and how do they survey.
Then again we get this from their web site:


Question: Can I get a list of the companies in the samples of the Bureau of Labor Statistics (BLS) surveys?

Answer: No. Data are collected under a pledge of confidentiality. We cannot reveal either the companies that participate or the data they provide.





To: BWAC who wrote (5772)3/5/2003 10:51:37 AM
From: Sun Tzu  Respond to of 25522
 
> Wouldn't the calculated unemployed percentage be higher?

Not really. You are looking at the ratio of (UC + UI) / (C + I) where C is the citizen's work pool and I is the immigrant work pool, and UC and UI are the unemployed in each group. For large relative values of C to I, it should not matter much...at least that is how it should be calculated.