Sorry all, I'm multitasking and didn't finish this thought.

----- Original Message ----- 
From: "Dan Minette" <[EMAIL PROTECTED]>
To: "Killer Bs Discussion" <[EMAIL PROTECTED]>
Sent: Wednesday, March 24, 2004 8:14 PM
Subject: Re: Household vs. payroll employment

>
> There are a few logica possibilities that I can think of for the
> discrepency to exist.
>
> 1) There has been a great growth in workers in off the books jobs,
with roughly the same porportions of reporting.
>
> 2) There has been a great growth in people reporting their off the books
> jobs.
>
> 3) There has been a great drop in second jobs, which affect the payroll
> figures, but not the household figures.

 4) The estimation of the growth in population since 2000 has been
overdone.

It appears that the Federal Reserve is looking at #4 as the most likely.

Dan M.




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