Friday, March 6, 2009

Unemployment Shenanigans

There’s an old saying about how to find a good accountant:
Ask him what 1+1 equals.
If he says “Two,” – don’t hire him because he is too limited.
If he says “Three” – don’t hire him because he can’t add.
If he says “Whatever you want it to be,” – you have found yourself an accountant!

Calculation
The national unemployment rate is computed solely from the Current Population Survey (CPS) of about 60,000 households conducted by the Census Bureau. Residents of selected households are interviewed about their work experience. From these responses, the Bureau of Labor Statistics then estimates the size of the labor force and the number of people who are jobless. There are roughly 300 million people in the U.S.....

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