tag:blogger.com,1999:blog-1275149608391671670.post6667707065691061242..comments2023-09-28T06:13:40.704-04:00Comments on SAS and R: Example 9.11: Employment plotKen Kleinmanhttp://www.blogger.com/profile/09525118721291529157noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1275149608391671670.post-52299281688532720882012-01-30T06:30:22.000-05:002012-01-30T06:30:22.000-05:00Nice informative post,If the measure of unemployme...Nice informative post,If the measure of unemployment has changed over time and BLS has not adjusted or normalized their data set.Thanks..job offers in monacohttp://www.work-monaco.com/noreply@blogger.comtag:blogger.com,1999:blog-1275149608391671670.post-50497451249898298742011-10-27T09:46:00.324-04:002011-10-27T09:46:00.324-04:00What about the underlying BLS data itself? I don&...What about the underlying BLS data itself? I don't think the methodology for collecting and reporting the data has been above politicization. This site has some useful insights: http://www.shadowstats.com/alternate_data/unemployment-charts<br /><br />If the measure of unemployment has changed over time and BLS has not adjusted or normalized their data set then unemployment during the Eisenhower period is not necessarily equivalent to unemployment numbers reported during and after the Clinton administration (where I believe some significant "adjustments" occurred).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1275149608391671670.post-77840589141769262882011-10-25T17:25:55.594-04:002011-10-25T17:25:55.594-04:00That's the point. Borrowing money from other c...That's the point. Borrowing money from other countries to "create" job is not achievement at all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1275149608391671670.post-54076366839732242172011-10-25T17:04:42.560-04:002011-10-25T17:04:42.560-04:00Increasing employment is not an achievement if it ...Increasing employment is not an achievement if it is obtained using methods that will cause problems in the long-term, and that has been how much of the increases have been achieved. Basically increases in debt, either public or private, provide a stimulus to the economy. Unfortunately, if you keep doing that, you end up with massive levels of debt, and an economy that stalls because there is no good reason for new borrowings.<br /><br />So Clinton was lucky, his presidency covered the dot com boom, and he managed to leave about when it was ending. George W. Bush had the collapse at the end of the dot com, but the real estate bubble fixed everything up. If it had broken a year later, Obama would have had most of the jobs disappearing under his presidency. Now he has the public debt bubble, which will continue until investors start dumping the US dollar, causing its value to decrease, and effectively reducing debt in real terms. Then someone will have to work out how to fix the problems in ways that don't involve debt creation.Anonymousnoreply@blogger.com