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.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (23013)	2/6/2005 10:31:01 PM
From: rich evans	Read Replies (2) \| Respond to of 116555

Grace, I posted this on Russ's thread. Seems to fit your independent contractor observations. What is your thought on this theory of what is the real job economy? Maybe Things are a Changing. The Adjusted Household survey has a wide discrepancy from the Payroll Survey in this recovery, something the BLS is at a loss to explain. They mention off the books problems and independent contractor problems. The gain in payroll jobs is shown at 1694000 since the Nov 2001 trough. The gain in household employment is 3837000- a difference of 2143000. The same kind of discrepancy exist from the March 2001 peak employment. Maybe that is why consumer demand has remained strong. I have followed many NY stock exchange and Nasdaq companies the last 2 years and they are all restructuring and cutting employment.So the question is are all these layed off people finding different kinds of work and being picked up by the Household survey only. And off the books is a big catagory these days in my opinion. Rich