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Who is considered unemployed in the USA?
Message
From
14/05/2012 02:26:19
Dragan Nedeljkovich (Online)
Now officially retired
Zrenjanin, Serbia
 
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01543331
Message ID:
01543539
Views:
40
>>>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>.

It depends. Probability is a science (within maths). Statistics is a method (within the agenda of the one who wields it).

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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