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Thread: The war of Statistics

  1. #1

    The war of Statistics

    This morning I read two different articles on the same subject, and I though it was funny to post it in this forum.

    First, Zero Edge are pretty straight forward on raw information, so a pretty trustable source in my opinion. In the other hand, CBS News which is a pretty reliable mass media, but...sometimes they tend to, anyway you see what I mean....

    First short article:
    June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993

    June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993 | Zero Hedge


    Second long article:
    In a surprise, job market sees big gains

    In a surprise, job market sees big gains - CBS News

    Now to open the discussion, tell us what differences you have seen!
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  2. #2
    Labor Force Statistics from the Current Population Survey

    Series Id: LNS11300000
    Seasonally Adjusted
    Series title: (Seas) Labor Force Participation Rate
    Labor force status: Civilian labor force participation rate
    Type of data: Percent or rate
    Age: 16 years and over

    Data extracted on: July 3, 2014 (5:09:44 PM) Labor Force Statistics from the Current Population Survey


    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
    2004 66.1 66.0 66.0 65.9 66.0 66.1 66.1 66.0 65.8 65.9 66.0 65.9
    2005 65.8 65.9 65.9 66.1 66.1 66.1 66.1 66.2 66.1 66.1 66.0 66.0
    2006 66.0 66.1 66.2 66.1 66.1 66.2 66.1 66.2 66.1 66.2 66.3 66.4
    2007 66.4 66.3 66.2 65.9 66.0 66.0 66.0 65.8 66.0 65.8 66.0 66.0
    2008 66.2 66.0 66.1 65.9 66.1 66.1 66.1 66.1 66.0 66.0 65.9 65.8
    2009 65.7 65.8 65.6 65.7 65.7 65.7 65.5 65.4 65.1 65.0 65.0 64.6
    2010 64.8 64.9 64.9 65.2 64.9 64.6 64.6 64.7 64.6 64.4 64.6 64.3
    2011 64.2 64.2 64.2 64.2 64.2 64.0 64.0 64.1 64.2 64.1 64.1 64.0
    2012 63.7 63.9 63.8 63.7 63.8 63.8 63.7 63.5 63.6 63.7 63.6 63.6
    2013 63.6 63.5 63.3 63.4 63.4 63.5 63.4 63.2 63.2 62.8 63.0 62.8
    2014 63.0 63.0 63.2 62.8 62.8 62.8
    Bureau of Labor Statistics Data

    So where is the big gains mentioned in CBS news?
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


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