H McKee Stewart Jr

Musings on Business, Finance, and Economcs.

Archive for December 2011

“This Christmas, Let’s All Give the the World the Gift of Better Data”

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From Megan Mcardle. Preach it, Sister!

Edward Tufte has long been training a team of data ninjas to hunt down those providing the sort of drivel that Ms. Mcardle is railing against.

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Written by hmstewartjr

26 December 2011 at 7:12 PM

Posted in Uncategorized

All I Want for Christmas is My Two Front Teeth….

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And some radical improvements in the Labor Force Participation rate.

Mostly stable from 2004 up to 2009 around 66%, the trend since then has been strictly tanksville, now around 64%. People dropping out of the work force exacerbates just about every economic problem we have – tax revenues, transfer payments, consumer spending and confidence, savings rates, etc.

It also renders most of the reporting on unemployment statistics into two categories: misleading or meaningless.

If you really want the hair on the back of your neck to stand on end, check out the SGS numbers as well as the official U-6 unemployment rates compared to the U-3 rates….

 

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Written by hmstewartjr

23 December 2011 at 9:58 PM

Posted in Uncategorized

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