Jobs vs Statistics. "We are getting a false picture of where jobs comes from 1) because the [Bureau of Labor Statistics] survey doesn't break out some of these categories 2) because these growing occupations disproportionately involve self-employment or unincorporated partners and 3) for unknown reasons, even some employees who should be picked up on the payroll surveys aren't, at surprisingly high rates that no one can explain .. " MORE Virginia Postrel.
And this:
"I know of a number of aesthetic professions where jobs are growing rapidly. I found that in every such category the BLS counts were way under or, at best, obscured in categories dominated by losses in traditional manufacturing .. Some of the undercount is accounted for by failing to count self-employed people, but not all of it. I don't, however, think that the BLS's survey errors are random and therefore unimportant if we want to understand where the economy is headed .. " Still MORE Virginia Postrel.
Posted by Greg Ransom | TrackBack