Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘statistics’

Bureau of Labor Statistics Labor Force Participation Reports May 2014: Don’t Believe the “Spin”

Posted by Warm Southern Breeze on Sunday, June 8, 2014

This will be of interest to the curious, especially those who seek and search for the truth.

Asserting to cite data from the Bureau of Labor Statistics (BLS), CNS News recently reported that the Labor Force participation rate was at a 36-year low.
The headline to that story reads:
37.2%: Percentage Not in Labor Force Remains at 36-Year High
http://www.cnsnews.com/news/article/ali-meyer/372-percentage-not-labor-force-remains-36-year-high

Upon examination of the BLS website, the data was found to be honest and accurate.
http://data.bls.gov/timeseries/LNS11300000

Information on the data set presented is:
Data extracted on: June 8, 2014 (4:07:31 PM)
Labor Force Statistics from the Current Population Survey
Series ID: LNS11300000
Seasonally Adjusted
Series title: (Seas) Labor Force Participation Rate
Labor force status: Civilian labor force participation rate
Type of data: Percent or rate
Age: 16 years and over

Following is the chart as shown on the BLS website:

Chart from the Bureau of Labor Statistics of Labor Force Participation, Seasonally adjusted http://data.bls.gov/timeseries/LNS11300000

Chart #2: From the Bureau of Labor Statistics of Labor Force Participation, Seasonally adjusted http://data.bls.gov/timeseries/LNS11300000 Civilian Labor Force Participation Rate, age 16+

 

 

 

 

 

 

If the information is accurate – that is, if it accurately represents the thing it purports to represent – then there is a genuine cause for concern, perhaps even alarm. But first, sometimes, information has to pass the “smell test.” If it just doesn’t sound right, dig a little deeper.

However, there is a DEFINITE skew which, when considered, renders the interpretation of the findings questionable, at best.

Since there are TWO separate entities reporting the SAME information, how could it possibly be inaccurate, or incorrect?

Let’s consider further, to determine if such alarm might be genuinely warranted.

Searching for Labor Force Participation Rate datasets from Read the rest of this entry »

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Global Educational Attainment, 1950-2010

Posted by Warm Southern Breeze on Sunday, August 4, 2013

Educational attainment in the world, 1950–2010

Robert Barro, Jong-Wha Lee, 18 May 2010

Empirical investigations of the role of human capital require accurate measures across countries and over time. This column describes a new dataset on educational attainment for 146 countries at 5-year intervals from 1950 to 2010. The new data, freely available online, use more information and better methodology than existing datasets. Among the many new results is that the rate of return to an additional year of schooling on output is quite high – ranging from 5% to 12%.

It is widely accepted that human capital, particularly attained through education, is crucial to economic progress. An increase in the number of well-educated people implies a higher level of labour productivity and a greater ability to absorb advanced technology from developed countries (Acemoglu 2009). Empirical investigations of the role of human capital require accurate and internationally-comparable measures of human capital across countries and over time.

Our earlier studies (1993, 1996, and 2001) constructed measures of educational attainment of the adult population for a broad group of countries. This column introduces a new data set (available at barrolee.com) providing improved estimates for 146 countries at 5-year intervals from 1950 to 2010. The data are Read the rest of this entry »

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How out of touch with reality is the GOP?

Posted by Warm Southern Breeze on Saturday, March 23, 2013

The GOP recently acknowledged that, among other aspects of their party’s alienation from the American mainstream, they need to modify and change not merely their image, but their appeal to Hispanics, which have largely voted for Democratic candidates.

The irony of their acknowledgment is that they want to do the very thing they’ve demonstrated why and how they’ve alienated themselves from the American mainstream… hire a Mexican to do their work.

As reported in VOXXI, by Grace Flores-Hughes on March 19, 2013, “The Republican National Committee plans to hire political directors from the Hispanic, Asian, African American communities as well as from women’s groups.”
Read her story: “The ambitious coming out of the Republican Party”

The numbers prove it: The GOP is estranged from America

By Andrew Kohut, Published: March 22

Andrew Kohut is the founding director and former president of the Pew Research Center. He served as president of the Gallup Organization from 1979 to 1989.

In my decades of polling, I recall only one moment when a party had been driven as far from the center as the Republican Party has been today.

The outsize influence of hard-line elements in the party base is doing to the GOP what supporters of Read the rest of this entry »

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Economic Research: The Dismal Science finds poverty & inequality greater in U.S.

Posted by Warm Southern Breeze on Thursday, October 4, 2012

Poverty, inequality and redistribution

Focus

Jan 17th 2012, 20:27 by The Economist online

Poverty inequality & redistribution 20120121_WOC400 Governments can reduce poverty and inequality through taxes and cash transfers. Successful programmes such as Progresa-Oportunidades in Mexico and Bolsa Família in Brazil have helped reduce poverty and inequality in the last couple of decades, but compared with rich countries, Latin American countries still fall short. According to a new report by the OECD, a club of mostly rich countries, Chile is Read the rest of this entry »

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More Stupid Questions: The “More Cow Bell” Curve, and other Standard Equal (and Unequal) Distribution post

Posted by Warm Southern Breeze on Friday, September 28, 2012

Originally entitled as: More Stupid Questions: The “More Cow Bell” Curve, and other Standard Equal (and Unequal) Distribution post

I have returned to the title which I originally started… though I vascillated between this one, as well:

Yes. More Stupid Questions… and, “I gotta’ have more Cow Bell.”

Okay, the title says it all.

That is, unless you don’t understand statistics, the bell curve and equal distribution.

But, just in the case you don’t, here’s some low-down.

According to estimates by the United States Census Bureau, our nation’s population has recently exceeded 314,469,757. And with 4.47% of the world’s population, we are the 3d most populous nation in the world. China & India, with 1,344,130,000 (19.13%) & 1,241,491,960 (17.19%), are 1st & 2d, respectively. American population is about 25% the population of India. Expressed another way, India has 75% more people than the United States.

I mentioned those figures just to give an idea of how small the U.S. really is by comparison.

Nevertheless, I digress. And so quickly! (My goodness!) Let’s return to statistics, the bell curve and equal distribution.

As you may have read in a previous post entitled “Ask a silly question, get a silly answer. Yes, there’s such thing as a STUPID question.”, the bell curve is used to display information.”

In that post I had explained, writing that, Read the rest of this entry »

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A Look Back: Wall Street Journal on Presidential Jobs Track Record, from ’39 – ’09

Posted by Warm Southern Breeze on Monday, July 9, 2012

Just in the case we need reminding.

And often, we do.

As Samuel Johnson once wrote, “Men more frequently require to be reminded than informed.”
Johnson: Rambler #2 (March 24, 1750)

January 9, 2009, 12:04 PM ET

Bush On Jobs: The Worst Track Record On Record

By WSJ Staff

President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.

His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton‘s administration and only slightly better than President George H.W. Bush did in his four years in office.

Here’s a look at job creation under each president since the Labor Department started keeping payroll records in 1939. The counts are based on Read the rest of this entry »

Posted in - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , , , , , | Leave a Comment »

Ask a silly question, get a silly answer. Yes, there’s such thing as a STUPID question.

Posted by Warm Southern Breeze on Saturday, June 23, 2012

The title says it all.

But the title doesn’t explain why.

Read on for more understanding.

On the FaceBook page of Loyola University New Orleans, a photograph was posted of a… well, here it is. Read the rest of this entry »

Posted in - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

A: 1.4% Q: What is the annualized spending growth rate under Obama & lowest rate of any president since Reagan?

Posted by Warm Southern Breeze on Wednesday, June 13, 2012

Who’s the Biggest Spender? Obama or Bush?

By BRUCE BARTLETT, The Fiscal Times June 1, 2012

Lately, there has been some controversy about the growth of spending under Barack Obama. It began on May 22 with a column by Rex Nutting of MarketWatch, which concluded that the rate of growth of federal spending under Obama has actually been trivial compared to the last 4 presidents.

According to Nutting’s calculations, spending has grown only 1.4 percent per year under Obama – one-fifth the rate under Ronald Reagan and George W. Bush. Following is a chart accompanying the article.

There has been a considerable amount of debate about Nutting’s calculations, which fly in the face of Republican dogma. Much involves technical accounting issues, such as how to allocate spending during fiscal year 2009. This is important because fiscal year 2009 began on September 1, 2008 during Bush’s administration, reflecting his priorities. By the time Obama took office on January 20, 2009 the fiscal year was almost half over; he didn’t submit his first budget until February 26, 2009 and the fiscal year 2010 budget is really the first one that reflected his priorities.

Nutting assigned the bulk of fiscal year 2009 spending to Bush, an assumption that other analysts have questioned. Glenn Kessler of the Washington Post found that Nutting overstated his argument in various ways. But the PoliFact site of the Tampa Bay Times concluded that the Nutting column was essentially correct.

Aside from the political implications, the reason this debate is important is because there is a tendency for people to conflate spending, deficits and debt, as well as confusing rates of change with absolute levels.

The difference between Read the rest of this entry »

Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , | 6 Comments »

 
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