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  • January 10, 2010 at 2:30 PM #501654
    Arraya
    Participant

    [quote=outtamojo]My point is, nobody lives in a chart
    or on a graph. Let’s just go ahead and count and report things the way YOU want to count them – I am fine with that. A simple question:will that make more living breathing people not have jobs?[/quote]

    First of all, I was just replying to TGs claim that unemployment methodology being skewed for political purposes is not just wild anti-Obama nonsense. It is actually quite factual to say unemployment is not what it seems.

    But since you ask: I don’t think any methodology that allows 10 million people to be laid off and the “official” unemployment number to NOT change a good thing. I personally think that is a lot less healthy for a country than another way. Having accurate information is kind of a way for people to keep score on what their economic overlords promise. The way it is now you have to do a good bit of research to figure it out.

    Second, It’s now about what “I” want. It’s about having a grasp on reality. Which our economic reporting and data is becoming more and more divorced from as the days go by. Again an unhealthy trend.

    And yes, I think it is a bad idea to have a methodology that allows people to be marginalized by not even counting them any more. And yes, I think awareness of this could lead to something positive for those people much much more the hiding them like bastard step children.

    It’s like hearing a funny sound in your car engine and thinking turning up the radio is a means to fix it. It’s self destructive.

    I have an idea, how about paring up our “people” shadow inventory with the “RE” shadow inventory and a government job. That would kill three birds with one stone. They can be in charge of scrubbing government statistics of all unpleasant data.

    We can call them the ministry of information. Changing economic data is a growth industry, I hear.

    January 10, 2010 at 5:14 PM #501383
    EconProf
    Participant

    Arraya: Would like to know exactly how you believe our government’s employment/unemployment statistics are not accurate. Please explain.

    January 10, 2010 at 5:14 PM #500991
    EconProf
    Participant

    Arraya: Would like to know exactly how you believe our government’s employment/unemployment statistics are not accurate. Please explain.

    January 10, 2010 at 5:14 PM #500839
    EconProf
    Participant

    Arraya: Would like to know exactly how you believe our government’s employment/unemployment statistics are not accurate. Please explain.

    January 10, 2010 at 5:14 PM #501722
    EconProf
    Participant

    Arraya: Would like to know exactly how you believe our government’s employment/unemployment statistics are not accurate. Please explain.

    January 10, 2010 at 5:14 PM #501478
    EconProf
    Participant

    Arraya: Would like to know exactly how you believe our government’s employment/unemployment statistics are not accurate. Please explain.

    January 10, 2010 at 5:20 PM #501727
    Arraya
    Participant

    [quote=EconProf]Arraya: Would like to know exactly how you believe our government’s employment/unemployment statistics are not accurate. Please explain.[/quote]

    Accurate is all in definition, isn’t it. I said they were misleading NOT inaccurate. Case in point, the bloomberg excerpt I linked.

    January 10, 2010 at 5:20 PM #501483
    Arraya
    Participant

    [quote=EconProf]Arraya: Would like to know exactly how you believe our government’s employment/unemployment statistics are not accurate. Please explain.[/quote]

    Accurate is all in definition, isn’t it. I said they were misleading NOT inaccurate. Case in point, the bloomberg excerpt I linked.

    January 10, 2010 at 5:20 PM #501388
    Arraya
    Participant

    [quote=EconProf]Arraya: Would like to know exactly how you believe our government’s employment/unemployment statistics are not accurate. Please explain.[/quote]

    Accurate is all in definition, isn’t it. I said they were misleading NOT inaccurate. Case in point, the bloomberg excerpt I linked.

    January 10, 2010 at 5:20 PM #500996
    Arraya
    Participant

    [quote=EconProf]Arraya: Would like to know exactly how you believe our government’s employment/unemployment statistics are not accurate. Please explain.[/quote]

    Accurate is all in definition, isn’t it. I said they were misleading NOT inaccurate. Case in point, the bloomberg excerpt I linked.

    January 10, 2010 at 5:20 PM #500844
    Arraya
    Participant

    [quote=EconProf]Arraya: Would like to know exactly how you believe our government’s employment/unemployment statistics are not accurate. Please explain.[/quote]

    Accurate is all in definition, isn’t it. I said they were misleading NOT inaccurate. Case in point, the bloomberg excerpt I linked.

    January 10, 2010 at 6:36 PM #501503
    an
    Participant

    [quote=creechrr][quote=outtamojo]My point is, nobody lives in a chart
    or on a graph. Let’s just go ahead and count and report things the way YOU want to count them – I am fine with that. A simple question:will that make more living breathing people not have jobs?[/quote]

    Well, doesn’t job loss beget job loss?[/quote]
    If it does, then wouldn’t we all be out of a job soon? On the flip side, doesn’t job gain beget job gain?

    Arraya, if we count unemployment the way you want to, would that change the article’s title of “No dip in county index for 8th straight month”? Do you think that real unemployment have gotten worse over the last 8 month?

    January 10, 2010 at 6:36 PM #501016
    an
    Participant

    [quote=creechrr][quote=outtamojo]My point is, nobody lives in a chart
    or on a graph. Let’s just go ahead and count and report things the way YOU want to count them – I am fine with that. A simple question:will that make more living breathing people not have jobs?[/quote]

    Well, doesn’t job loss beget job loss?[/quote]
    If it does, then wouldn’t we all be out of a job soon? On the flip side, doesn’t job gain beget job gain?

    Arraya, if we count unemployment the way you want to, would that change the article’s title of “No dip in county index for 8th straight month”? Do you think that real unemployment have gotten worse over the last 8 month?

    January 10, 2010 at 6:36 PM #501747
    an
    Participant

    [quote=creechrr][quote=outtamojo]My point is, nobody lives in a chart
    or on a graph. Let’s just go ahead and count and report things the way YOU want to count them – I am fine with that. A simple question:will that make more living breathing people not have jobs?[/quote]

    Well, doesn’t job loss beget job loss?[/quote]
    If it does, then wouldn’t we all be out of a job soon? On the flip side, doesn’t job gain beget job gain?

    Arraya, if we count unemployment the way you want to, would that change the article’s title of “No dip in county index for 8th straight month”? Do you think that real unemployment have gotten worse over the last 8 month?

    January 10, 2010 at 6:36 PM #500864
    an
    Participant

    [quote=creechrr][quote=outtamojo]My point is, nobody lives in a chart
    or on a graph. Let’s just go ahead and count and report things the way YOU want to count them – I am fine with that. A simple question:will that make more living breathing people not have jobs?[/quote]

    Well, doesn’t job loss beget job loss?[/quote]
    If it does, then wouldn’t we all be out of a job soon? On the flip side, doesn’t job gain beget job gain?

    Arraya, if we count unemployment the way you want to, would that change the article’s title of “No dip in county index for 8th straight month”? Do you think that real unemployment have gotten worse over the last 8 month?

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