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To: BWAC who wrote (49463)10/10/2003 11:40:44 AM
From: Carl Worth  Read Replies (1) | Respond to of 53068
 
hmmm, somehow i expected a response like that, however i would think that there is just as likely an "error or data point" causing a 12% rate as a 1.5% rate...apart from pessimism, why would one be more likely than the other?

in rowan county, 5000 people joined the labor force since january and 4500 have yet to find a job, there must be some reason why those people moved there...however, more people have jobs there than did in january, so it looks like no one has lost their job...perhaps it's just 5000 more people who have declared themselves as part of the labor force again, who knows?

it's interesting that all last year rowan had an unemployment rate of 5 to 6%, and all of this year it was in that same range until the last two months, when 5000 people suddenly joined the labor force...it would seem that in this case the 12% would be more likely to be a "data point" as you said, because those people most likely showed up there or rejoined the labor force for a reason, and thereby skewed the unemployment rate higher temporarily...it will be interesting to see how things look in that county in a few more months