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Who is considered unemployed in the USA?
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To
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:
01543542
Views:
37
>>>>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).

If you are making a distinction between probability and statistics, I am not following you. I know fully that your math knowledge is far beyond mine so maybe I am missing something here.
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