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Who is considered unemployed in the USA?
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To
09/05/2012 08:36:00
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01543331
Message ID:
01543519
Views:
36
>>http://www.bls.gov/cps/cps_htgm.htm
>>
>>Interesting how the BLS calls 60,000 households each month and from the gathered data defines the number of people employed or unemployed. That seems to give it a less than personal feeling for reality. One persons reality may differ from the BLS.
>
>Just looked it up and there are about 115,000,000 households in the US. Found a sample size calculator online and it says that the confidence interval for 60,000 out of 115,000,000 is 0.4 at the 95% level. That is, that 95% of the time, the number they publish based on that survey is within 0.4% of accurate. That's pretty good. Switching to the 99% confidence level, the interval goes to 0.53%. Again, pretty good.
>

Mathhead <g>.
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