Go | New | Find | Notify | Tools | Reply |
Has Achieved Nirvana |
https://www.stamfordadvocate.c...n-error-15320999.php
| ||
|
Serial origamist Has Achieved Nirvana |
Ever since I-1 started spouting off that the "Black unemployment rate" was the lowest ever in history, I wondered if they hadn't changed the rubric. "Lies, damn lies, and statistics" and all that. Stop counting people in various categories, and viola! the number of unemployed magically goes way down. Not my area of expertise, but I hear on the market report on the radio* that they stop counting people who stop looking for work. Of course the BLS under I-1 would never admit to such a thing. _____________ *It just occurred to me that I don't get my hour of npr every morning since I pretty much roll out of bed, walk downstairs and get to work. I don't listen to the radio in the shower or on my commute as I used to. So I don't hear the morning market report every day.
| |||
|
Has Achieved Nirvana |
Well, I didn't believe it when I heard it. | |||
|
Pinta & the Santa Maria Has Achieved Nirvana |
I would be shocked to find that the BLS report is being manipulated by Trump's minions. First, they were able to "get away with" reporting the error. Second, calculating unemployment rates is a gigantic pain in the butt and always an estimate that's only as good as the classification the BLS data collectors put onto it. There are four different methods for calculating unemployment (that I know of), and the field research method that was used here is the best one. So go figure. The explanation for the error in the article doesn't seem outlandish to me. There was a massive increase in UI claims due to COVID-19, and it's also not surprising that the information from BLS was impacted. If I'm an employee on temporary furlough due to COVID, and I'm getting "special" COVID unemployment, and I'm not actively looking for another job, how do I answer the BLS questions? To be honest, I'm not sure as I've never seen the full gauntlet of questions. But the complete freakout disaster regarding state unemployment that I've seen here leads me to believe that national numbers may have been incorrect without attributing nefarious reasons. | |||
|
Has Achieved Nirvana |
More on the report. https://www.axios.com/may-jobs...97-bf761c6c5680.html
| |||
|
Powered by Social Strata |
Please Wait. Your request is being processed... |