This article discusses a commonly known difficulty in the stats. How about looking at something maybe even more important. Over 30 years ago Robert Townsend wrote, in his book, Up the Organization, that when accounting tell you the books are not comparable to previous years because of changes in accounting methods, that should be a red flag.
Go to www.snipurl.com/blsdetaila. You can call up employment and unemployment stats back to 1948. If you do, you will find there is a footnote on every year where the accounting methods changed. From 1948 until 2003 you will find one footnote. From 2003 on you will find a footnote every single year. They changed the methodolgy every single year from 2003 on.
The question is not are the numbers accurate, the question is, are the numbers honest.









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