Dixiedrifter Wrote:
Dec 07, 2012 9:29 AM
As weeks turn into month's and month's to years, the significance of our published employment/unemployment statistics, as it relates to perceptions held by rank and file members of our society, has literally fallen off the radar screen. Do you really care about the numbers if you are unemployed, about to lose your job, or standing in line to receive your first food-stamp coupon booklet? These published numbers from the Bureau of Labor Statistics are all but meaningless. The formulae used to concoct these monthly reports are derived from outcome based logarithmic functions which are held close to the vest somewhere inside the fiefdom at the Department of Labor. If the formulae can't be validated, are they really important?