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Yeah I see that claim posted all over the web - one site copying it from another, but the data doesn't back that up. There WAS no huge drop back in 1994 - and there WOULD have been had half the unemployed suddenly been stripped from the rate.
As I said, it's a BOGUS claim.
Ken
They only interview 60,000 people for the survey.. There would have been no huge drop if 2-300 people changed their status..
Maybe because the BLS deals only in labor statistics and has for decades. And Gallup? Well, they ask all kinds of questions, don't they?
Which set of statistics do economists go by?
That makes no sense really...
Gallup polls 18,000 adults.
BLS polls 60,000 or so.
Thing you might want to do is compared the same figures,not seasonally adjusted and see what the difference is.
Actually this might help people...
Quote:
Gallup's U.S. employment measures report the percentage of U.S. adults in the workforce, ages 18 and older, who are underemployed and unemployed, without seasonal adjustment. "Underemployed" respondents are employed part time, but want to work full time, or they are unemployed. "Unemployed" respondents are those within the underemployed group who are not employed, even for one hour a week, but are available and looking for work. Results for each 30-day rolling average are based on telephone interviews with approximately 30,000 adults. Because results are not seasonally adjusted, they are not directly comparable to numbers reported by the U.S. Bureau of Labor Statistics, which are based on workers 16 and older. Margin of error is ± 0.7 percentage points.
They only interview 60,000 people for the survey.. There would have been no huge drop if 2-300 people changed their status..
It's based on PERCENTAGE - NOT number of respondents - and the U-6 is almost always about DOUBLE the U-3 rate. So, if the folks NOW counted in the U-6 (discouraged workers etc) HAD been previously counted in the U-3 rate then when they were suddenly stripped from that U-3 rate the U-3 rate would have suddenly been cut in HALF. That simply didn't happen.
Gallup polls 18,000 adults.
BLS polls 60,000 or so.
Thing you might want to do is compared the same figures,not seasonally adjusted and see what the difference is.
I don't need to do a thing. The BLS figures have been the accepted standard for decades. The fact that this month's figures look better than expected is just such a hard pill for some partisans to swallow.
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