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To: MythMan who wrote (273179)	1/9/2004 8:40:05 AM
From: Secret_Agent_Man	Respond to of 436258

hocus pocus- silly- hoke US poke US

To: MythMan who wrote (273179)	1/9/2004 8:41:02 AM
From: orkrious	Read Replies (1) \| Respond to of 436258

can somebody explain to me again how the unemployment rate dropped this month? sure unemployment benefits run out they aren't counted. should be be good for the delinquency rate at COF, which I am sure will be construed as bullish because it can't get any worse btw, WTF is up with ino? shows the clownbuck up

To: MythMan who wrote (273179)	1/9/2004 1:00:05 PM
From: GraceZ	Read Replies (2) \| Respond to 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%.