Talk of The Villages Florida - View Single Post - Unemployment rate?
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Old 02-06-2012, 08:20 AM
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Originally Posted by djplong View Post
Sky - my intent was to point out that the 63.7% sounds low because it REFLECTS (not 'includes') retired people - meaning that they are out of the work force, hence the reason the number appears surprisingly low.
OK, I'll accept that what you wrote is not what you meant! I do have to ask though, how do you know that the potentially employable figures (the base figure for calculating the percentage) includes retired people or an accurate figure of retired people that could go back into the workforce? Irregardless of the answer to that question, I don't personally have any confidence that any unemployment figure is accurate or anywhere near accurate. In some cases the figures are derived from polling just like with the presidential polls; and you know those are all over the place.

In another case the figures are derived from the Department of Labor. In this case the gathering of data has to be extremely difficult and highly exposed to legitimate or not so legitimate errors. Also, there are at least as many potential opportunities for manipulation as there are states and territories reporting, and that includes political manipulation. And, I don't even want to begin to get into or understand the different types and theories of unemployment.

Anyway, thanks for explaining what your original statement could not communicate! I now "think" I know what you were attempting to say!