Sunday, May 24, 2009

Wired Unemployment

Looks like some of my unemployment projections were picked up by Wired magazine!

Note a small nitpick, I am not a chemist, but a Chemical Engineer. Big difference.


Wired-o-Nomics: Why Is the Real Jobless Number So Elusive?

Nick Andrews is a chemist by day and recreational economist by weekend. He’s been crunching numbers on American economic indicators for years, and in March devised a method to compare current woes with those of previous eras. Andrews collected U3 unemployment data from the early 1900s to today, and then adjusted it for compatibility (methodology changed in 1948 and again in 1994). Starting in 1994, when U6 information was first collected the way it still is today, he found a constant relation of 1.77 between U3 and U6 figures. Using this relationship, Andrews analyzed overall unemployment (U6) from the Great Depression and from today.

39 comments:

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Stephen said...

Figure G is missing from the report. Is this just a numbering problem, or did something get left out?

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麗娟麗娟 said...

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A bird in hand is worth two in the bush. ....................................................

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毅筠 said...

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陳芳 said...

Pen and ink is wits plough.................................................................

政儒 said...

河水永遠是相同的,可是每一剎那又都是新的。....................................................................

KrisMcmillen07星美 said...

成熟,就是有能力適應生活中的模糊。.................................................................

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陳登陽 said...

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文王廷 said...

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沈許玉佳貞儀 said...

絕不要羞於承認自己不知道的事。..................................................

偉曹琬 said...

No pains, no gains..................................................................

宗王王王王王穎 said...

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No pains, no gains.......................................................................

怡靜怡靜怡靜怡雯 said...

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