tag:blogger.com,1999:blog-6616959642391988608.post851443366754898094..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Employment update (2)Scott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6616959642391988608.post-31962678780505569182010-01-10T07:19:47.959-08:002010-01-10T07:19:47.959-08:00In 2008, the number of unemployed in the household...In 2008, the number of unemployed in the household survey closely correlated to the reduction in non-farm payrolls number. In 2009, the number of unemployed exceeded the non-farm payroll loss by 23% or about 1.2 million persons. Is that divergence typical for the end of a recession?Rickhttps://www.blogger.com/profile/07767085539237536998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-21349111651450326922010-01-08T15:46:26.027-08:002010-01-08T15:46:26.027-08:00Don't you believe the data the Fed is using ri...Don't you believe the data the Fed is using right now for unemployment is embarassingly flawed? The business creation in America for the past few years has been steadily declining....but the Fed has failed to make the appropriate adjustments in the birth/death model. <br /><br />Just factoring the decline in the labor participation rate, the current unemployment figure would be about 12%. alstryhttps://www.blogger.com/profile/16025398896639165994noreply@blogger.com