Warm Southern Breeze

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Posts Tagged ‘remote work’

BLS On Unemployment Figures: We Know We Were Wrong – We Were Just Kidding… Just Kidding!

Posted by Warm Southern Breeze on Sunday, June 7, 2020

If the workers who
were recorded
as
employed

but
absent from work

due to
“other reasons”
(over and above the number absent for other reasons in a typical May)
had been classified
as

unemployed on temporary layoff,
the overall unemployment rate
would have been

about
3 percentage points higher than reported
(on a not seasonally adjusted basis).

However,
according to usual practice,
the data from the household survey
are
accepted as recorded.

To maintain data integrity,
no ad hoc actions are taken
to reclassify survey responses.

Below is the full image of their addendum on the report “THE EMPLOYMENT SITUATION — MAY 2020,” which may be found on the BLS website as linked here.

The pertinent part is the final paragraph, which is pasted above, and appears in red.There you have it.

The United States Bureau of Labor Statistics has OFFICIALLY STATED that the Present Unemployment Rate is THREE POINTS HIGHER than officially stated.

They noted also that in the three preceding months of March, April, and May 2020, that responses to the monthly survey were down -9.5%, -12.6%, and -15.1% correspondingly to the month, from last year for the preceding 12 months, and averaged.

Th agency noted also that “BLS and our partners at the Census Bureau take the misclassification error very seriously, and we’re taking additional steps to address the problem.”

Part of the problem, as they note, is with classification.

In a lengthy explainer, the agency wrote that, “In May, 8.4 million workers were classified as employed with a job but not at work during the survey reference week (not seasonally adjusted). Although lower than the 11.5 million not at work in April, this measure remains about twice the typical level at this time of the year. This likely reflects the impact of the coronavirus pandemic.”

Their explanation of “with a job but not at work” is apparently integrated into the idea of going to a central, or common location to work (such as at an office building, or factory site), and of that they wrote in part that, “BLS tabulates data on Read the rest of this entry »

Posted in - Business... None of yours, - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News, WTF | Tagged: , , , , , , , | 1 Comment »

10 GOOD Things COVID-19 Will Cause.

Posted by Warm Southern Breeze on Tuesday, March 24, 2020

Every period of change in human history has been preceded by chaos and upheaval.

COVID-19 novel coronavirus is exposing our weaknesses, our strengths, where changes are needed and must occur, and where we are performing well.

This illustration reveals ultrastructural morphology exhibited by the COVID-19 novel coronavirus. Note the spikes that adorn the outer surface of the virus, which impart the look of a corona surrounding the virion, when viewed electron microscopically. Image credit: CDC.

There will be positive outcomes, of course, one of which will be that it is no longer necessary for some people to assemble, or congregate in one place to work. It is being proven that work which can be performed remotely, i.e., from one’s residence, will be increasingly utilized, and that will be a net positive outcome in several ways.

Here’s a list of…

10 GOOD Things COVID-19 Will Cause.

• One, it will reduce going-to, and coming-from work-related commuting traffic volume.

• Two, it will increase employee satisfaction, insofar as one will not fight traffic in order to get to work, or home from work.

• Three, because fewer automobiles will be on the roadway, it will reduce automobile emissions, and therefore yield an environmentally net positive result.

• Four, because traffic will be reduced, navigation will be Read the rest of this entry »

Posted in - Business... None of yours, - Even MORE Uncategorized!, - Lost In Space: TOTALLY Discombobulated | Tagged: , , , , , , , , , , , , , | Leave a Comment »

 
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