Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: DavesM who wrote (9170)	6/16/2004 11:53:10 PM
From: Orcastraiter	Read Replies (1) \| Respond to of 90947

This is what your previous post said: Some countries base their estimates of total unemployment on the number of persons filing claims for or receiving UI payments or the number of persons registered with government employment offices as available for work. These data are also available in the United States, but they are not used to measure total unemployment because they exclude several important groups. Which implied that UI was part of the estimation. But now I see that method we use and it is different from other countries and is based solely on the home interviews with weighting and seasonal adjustment factors. Another interesting fact: A sample is not a total count and the survey may not produce the same results that would be obtained from interviewing the entire population. But the chances are 90 out of 100 that the monthly estimate of unemployment from the sample is within about 230,000 of the figure obtainable from a total census. Since monthly unemployment totals have ranged between about 5 and 8 million in recent years, the possible error resulting from sampling is not large enough to distort the total unemployment picture. The unemployment...or employed figure depending on how you look at it is only accurate to 230,000 people unemployed. Then when we hear that 300,000 jobs are created...it's almost equal to the error factor in counting the unemployed. Interesting. Thanks for posting the link. Orca