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View Diary: Crunch. Another rotten jobs report. U6 surges to 17.1% (233 comments)

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  •  This is all methodologiocally naive (0+ / 0-)

    Employment is across all (private) sectors, while ADP doesn't process payroll equally across all sectors.  It would be insane to use their employer client base as a surrogate for employers generally.  Not to mention their uneven presence across the country.

    But my point wasn't that ADP was better or worse than the BLS or anyone else.  My point was that it's unrealistic to measure employment down to that level of accuracy.

    The most impressive thing about man [...] is the fact that he has invented the concept of that which does not exist--Glenn Gould

    by Rich in PA on Fri Oct 08, 2010 at 10:13:34 AM PDT

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    •  Why don't we want to know the bottom line? (0+ / 0-)

      "unrealistic to measure employment down to that level of accuracy" ????

      I'm trying to understand this, so why wouldn't we want to know how many ppl are working vs not working?

      Then compare that to the actual jobs available?

      Going from IRS numbers would give us an accurate number wouldn't it?

      That number could be reduced by some basic realities: ppl retired and disabled ppl who can't work.  Every other created or "weighted" factor leaves open the door for spin, imho.  Like "birth/death ratio", or "discouraged person". I could go so far as to see, maybe, ppl that don't want to work or don't need to work too.  But without actual numbers, not all becomes a big guessing game...

    •  Indicator (0+ / 0-)

      I would think that they would be useful as an indicator and as a check, in general, against the govt figures.

      Disclosure: I'm working as an unpaid citizen journalist covering the Sestak campaign/ PA Sen. race for Huffington Post's "Eyes and Ears 2010" project

      by joanneleon on Fri Oct 08, 2010 at 11:54:22 AM PDT

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