« Counting is hard, especially when you don't have theories | Main | Apparently Hollywood does not recycle action-movie plots. The data said so, so it must be right »

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Deplorable KGB Agent

If only there had been such interest in reporting bullshit numbers during the past eight years, e.g. "jobs *saved* or created", reporting U3 without U6, and so on.

Kaiser

DKA: Yes, I do bring up those things here even in the last 8 years. The number to focus on is the percentage of people considered in the labor force. If you click on the Economics posts, you will find many of them. Also, Chapter 6 of my book is a comprehensive discussion of all the nuances of counting jobs, and that came out a few years ago.

Ken

Someone in the NY Times described the parking garage model of employment. Cars arrive, cars leave, what matters is how full you keep the garage. Helping auto workers is not that worthwhile if it pushes up car prices, leaving people with less money to spend on other things, leading to loss of jobs in that part of the economy.

In Australia we had a prime Minister who proudly proclaimed that he was about job creation and would create a million jobs. Now with population growth of 2% and about 10 million employed, to keep track there will be about 200,000 jobs created per year just to satisfy the growth, so over 5 years that will be a million jobs. Unfortunately that also means the unemployment rate remained unchanged.

The comments to this entry are closed.

NEW BOOTCAMP



Link to Principal Analytics Prep

See our curriculum, instructors. Apply.
Kaiser Fung. Business analytics and data visualization expert. Author and Speaker.
Visit my website. Follow my Twitter. See my articles at Daily Beast, 538, HBR.

See my Youtube and Flickr.

Next Events

Jun: 5 NYPL Public Lecture on Analytics Careers, New York, NY

Past Events

Apr: 2 Data Visualization Seminar, Pasadena, CA

Mar: 30 ASA DataFest, New York, NY

See more here

Courses

Numbersense: Statistical Reasoning in Practice, Principal Analytics Prep

Applied Analytics Frameworks & Methods, Columbia

The Art of Data Visualization, NYU

Junk Charts Blog



Link to junkcharts

Graphics design by Amanda Lee

Search3

  • only in Big Data

Community