Paper Details  
 
   

3 Pages
664 Words

 
   
 

Create a new account

It's simple, and free.

An Analysis on Employment Statistics

There are a variety of analyses that are used to analyze such statistics including: wage/hour calculation, federal tax withholding calculation, cost of living comparisons, consumer price index, and others such as surveys devoted to salary information. The Bureau of Labor Statistics makes projections for a variety of occupations but analysis of such statistics are often fraught with errors. According to Morrison, these two errors include the “industry assumption error” and the “staffing pattern assumption error” (1-2). The industry assumption error happens when projections are under- or overestimated. According to Alpert and Auyer (2003), such factors include “technological change, changes to industry legislation or regulation, or new sectors of an occupation are created but not anticipated in projection data” (5). With respect to staffing pattern assumption errors, human limitation often causes the mistake. For such errors occur from “incorrect judgments about the total employment level for an industry or some type of confusing regarding the mix of occupations a particular industry might use” (Alpert and Auyer 2).

Statistical analysis of employment and industry is critical to economic stability. Such errors make the best methods of analysis problematic and require sound research to assure accuracy in reporting of statistics. Labor market and employment statistics are generally available f

...

Page 1 of 3 Next >

    More on An Analysis on Employment Statistics...

    Loading...
APA     MLA     Chicago
An Analysis on Employment Statistics. (1969, December 31). In LotsofEssays.com. Retrieved 20:03, November 23, 2014, from http://www.collegetermpapers.com/viewpaper/1303827163.html
 
Copyright © 1999 - 2014 CollegeTermPapers.com. All Rights Reserved. DMCA