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Loss of Unemployment Insurance does not affect the Unemployment Rate.
Your post notes what unemployment insurance measures. If you are no longer on it of course you are not counted. We are talking about those who are unemployed, period.
Your post notes what unemployment insurance measures. If you are no longer on it of course you are not counted. We are talking about those who are unemployed, period.
Again ... you are making your own assumptions about who is counted and who isn't.
Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work.
Workers expecting to be recalled from layoff are counted as unemployed, whether or not they have engaged in a specific jobseeking activity. In all other cases, the individual must have been engaged in at least one active job search activity in the 4 weeks preceding the interview and be available for work (except for temporary illness).
NOWHERE in the above rules does it mention ANYTHING about Unemployment Insurance.
The only things that matter are:
(1) they do not have a job, and
(2) they actively looked for work in the prior 4 weeks, and
(3) they are available for work.
And I will repeat again what the BLS states about Unemployment Insurance related to the Unemployment Rate (from same BLS website as above):
What do the unemployment insurance (UI) figures measure?
These data are not used to measure total unemployment because they exclude several important groups. To begin with, not all workers are covered by UI programs. For example, self-employed workers, unpaid family workers, workers in certain not-for-profit organizations, and several other small (primarily seasonal) worker categories are not covered. In addition, the insured unemployed exclude the following:
Unemployed workers who have exhausted their benefits
Unemployed workers who have not yet earned benefit rights (such as new entrants or reentrants to the labor force)
Disqualified workers whose unemployment is considered to have resulted from their own actions rather than from economic conditions; for example, a worker discharged for misconduct on the job
Otherwise eligible unemployed persons who do not file for benefits
Unemployment Insurance IS NOT USED to measure total unemployment as stated above.
Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work.
I've been out of the work force for 5 years.....the kids are off to school and I'm now out looking for a job. How does the government measure me?
I've been out of work and reporting to the government my activities to keep my unemployment up to date. I've run out of benefits so I am no longer reporting to the government. Have I quit looking or just quit reporting to the government?
Loss of Unemployment Insurance does not affect the Unemployment Rate.
And the source is the government!!! What a surprise.
You go right ahead and believe what the government tells you. I'll stick to my belief that it is corrupt, lies to the American people, and looking to destroy this country. Our government has become a self-serving organization and has no interest in serving the people nor doing what is in the interest of the country.
One reason Wall Street may have looked on the bright side Friday is that the separate survey of households the Labor Department uses to calculate the unemployment rate told a different story from the payroll data survey. It showed a gain of more than 600,000 workers, helping bring down the unemployment rate.
Try reading the BLS info directly from the source:
After accounting for the annual adjustment to the population controls, the civilian labor force rose by 499,000 in January, and the labor force participation rate edged up to 63.0 percent. Total employment, as measured by the household survey, increased by 616,000 over the month, and the employment-population ratio increased by 0.2 percentage point to 58.8 percent. (See table A-1. For additional information about the effects of the population adjustments, see table C.)
Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work.
I've been out of the work force for 5 years.....the kids are off to school and I'm now out looking for a job. How does the government measure me?
I've been out of work and reporting to the government my activities to keep my unemployment up to date. I've run out of benefits so I am no longer reporting to the government. Have I quit looking or just quit reporting to the government?
If you were selected to be part of the BLS's Household Survey which is used to calculate the Unemployment Rate, I believe you would be considered Unemployed, since you meet all three of the conditions mentioned on their website.
Quote:
Persons are classified as unemployed if
they do not have a job,
have actively looked for work in the prior 4 weeks,
and are currently available for work.
I also recommend reading the BLS Employment Situation Summary for Jan 2014:
The stock market also loves billions of dollars of federal dollars being pumped into it each month artificially propping up the market. Only problem is that only masks the real problems and creates an inevitable corrections or crash when we can no longer afford to keep pumping borrowed money into the system. Eventually you have 2008 all over again. It's not a question of if but when.
Exactly, there are 75 billion reasons why the stock market is not reflective of anything to do with the economy.
If you were selected to be part of the BLS's Household Survey which is used to calculate the Unemployment Rate, I believe you would be considered Unemployed, since you meet all three of the conditions mentioned on their website.
You "believe"? I know of not a single unemployed worker ever surveyed. You?
I'm 22 and just out of college. I'm looking for a job, how does the government know that? I was fired from my last job and not eligible for UI so I didn't sign up but I'm looking for a new job. How does the government know that?
If they don't even know you are unemployed how do they select you?
The most totemic statistic about the U.S. economy is archaic and misleading
Today at 8:30 a.m., the U.S. Bureau of Labor Statistics released its monthly employment report, as it does at the start of every month. As usual, the announcement was widely covered in the financial and mainstream media—a convenient hook for commentary about the state of the economy, the arc of the recovery and the future of the U.S.
Let's see what teens are experiencing in this 0bama economy: BLS-LNu04000012Q
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