Gallup, at the "The Behavioral Economy," has proposed an alternative to the highly "adjusted" methods and formulas used to calculate the US unemployment figures.Gallup suggests that the number of full-time employed Americans as a percentage of the total population would be more accurate and less subject to manipulation. "It is simple to calculate and thus, transparent to the public. It is based on 30,000 phone interviews a month. Most importantly, it provides insight into real job market conditions."...a new employment measure is needed. Gallup has proposed such a measure -- Payroll to Population (P2P) -- the number of Americans employed full-time for an employer as a percentage of the U.S. population. This is a much simpler measure that has none of the numerous adjustments made to the seasonally adjusted unemployment rate. The P2P deteriorated slightly to 45.1% in September from 45.3% in August, suggesting the real jobs situation was essentially unchanged last month...http://behavioraleconomy.gallup.com/2012/10/time-to-replace-...
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