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Unfortunately, the math doesn't work that way. The unemployed statistic only counts those that are not employed and actively engaged in seeking employment. It doesn't count those who are underemployed, working part time in lieu of full time employment, who have given up looking, etc. Sadly, the misery is greater than the 9.4% number would suggest.
Unfortunately, the math doesn't work that way. The unemployed statistic only counts those that are not employed and actively engaged in seeking employment. It doesn't count those who are underemployed, working part time in lieu of full time employment, who have given up looking, etc. Sadly, the misery is greater than the 9.4% number would suggest.
Exactly. It means 90.6% of those who are actively wanting/trying to be employed have jobs--but that doesn't count whether they are working 3 hrs a week as a temp or full-time in a "fulfilling" career.
It also doesn't measure the competition of all of the folks from out of state who are applying and interviewing for what jobs there are, here.
The fact that local unemployment is still going up should concern most rational people because it’s in stark contrast to those that are already proclaiming that the worst is behind us.
As one of the recently unemployed myself, how does the NC ESC track those who have given up? Would they be people whose unemployment benefits ran out? Or is there a point in the process where you don't have to track your job applications anymore but you're still getting unemployment?
As one of the recently unemployed myself, how does the NC ESC track those who have given up? Would they be people whose unemployment benefits ran out? Or is there a point in the process where you don't have to track your job applications anymore but you're still getting unemployment?
As I recall from a Labor Economics class [censored] years ago, it is not based on unemployment claims; they actually survey people somehow and ask a) if they worked at least one hour for pay this week and b) if they looked for work this week, "this week" being the week that includes the 12th of the month, every month. A "Yes" on a) adds to the numerator and a "yes" on a) or b) adds to the denominator. So someone who had given up would say "no" to both and not be figured in.
Not all of those details may be current, but it is not based on filing for unemployment insurance (since there are many who are "unemployed and looking" but not eligible for unemployment).
Unfortunately, the math doesn't work that way. The unemployed statistic only counts those that are not employed and actively engaged in seeking employment. It doesn't count those who are underemployed, working part time in lieu of full time employment, who have given up looking, etc. Sadly, the misery is greater than the 9.4% number would suggest.
Unfortunately, it DOES COUNT those that are PRETENDING to look for work!
Yes, I do know a couple of folks that are collecting unemployment, pretending to look for work but are just staying at home, actling like they are retired. My point is...the numbers are not 100% accurate, either way!
And although I do know this economy isn't as good as some say. It isn't as bad as some make it out to be. The classifieds are full of jobs. Too many people complain that they can't find work when they don't really want to work. Others think they are too good for certain jobs.
I have a client that recently moved here and got a job within 2 months...working with the State. I also have a client who no longer wanted an office job so she took a job with Home Depot. Jobs are out there.
What kind of job are you looking for? I will keep an eye out for opportunties to pass along.
I recall you posting about being a mortgage broker. Is that correct?
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A jobless recovery is an unsustainable recovery
