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Location: RI, MA, VT, WI, IL, CA, IN (that one sucked), KY
41,937 posts, read 36,951,955 times
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Quote:
Originally Posted by 313Weather
Ok, now you're not reading what I said.
I said counting those who collect UI IS still used as ONE factor used in determining who's unemployed (and thus the calculation of the UE rate), but it's NOT the ONLY factor used.
Correct me if I'm wrong, but I'm pretty sure you said counting those who collect UI is NOT a factor used when determining the UE rate.
Yes, you said the italicized. That statement is incorrect. Just flat out wrong. Counting those who collect UI is not a factor at all in the calculation of the (Federal) UE rate.
It just is not. It is completely irrelevant to the calculation of the UE rate.
Yes, you said the italicized. That statement is incorrect. Just flat out wrong. Counting those who collect UI is not a factor at all in the calculation of the (Federal) UE rate.
It just is not. It is completely irrelevant to the calculation of the UE rate.
I mean, I posted the section about how the rate is calculated straight from the source: the BLS. It can be right in front of your face, and some people will still not believe it.
Location: RI, MA, VT, WI, IL, CA, IN (that one sucked), KY
41,937 posts, read 36,951,955 times
Reputation: 40635
Quote:
Originally Posted by 4DM1N
I mean, I posted the section about how the rate is calculated straight from the source: the BLS. It can be right in front of your face, and some people will still not believe it.
People want to believe it is because they want to believe that the unemployment rate is jiggered and manipulated. It has flaws, for sure, it is only really useful as a relative index, but the compiling of the rate is very purposely protected from administration interference. Even within the Bureau the different component calculations are compartmentalized to such a degree that they have no idea what the others are coming up with to prevent manipulation. Seriously, if it was open to manipulation, would any administration allow it to get as large as it did? No administration would allow that.
Aren't they good at spinning the numbers? The reason the unemployment rate fell to its lowest is because they cut people off after 26 weeks starting in December. Unemployment numbers haven't dropped - the number of people ON unemployment has dropped.
Exactly. No one is fooled by these false reports.
We won't even count the hundreds of thousands who were denied benefits over the years and who were never counted to begin with.
There are no jobs and no matter of lying or "spinning" the truth will make people believe otherwise.
Yes, you said the italicized. That statement is incorrect. Just flat out wrong. Counting those who collect UI is not a factor at all in the calculation of the (Federal) UE rate.
It just is not. It is completely irrelevant to the calculation of the UE rate.
What absurd type of logic would make you think a clear cut, straightforward count of unemployed Americans would not be a factor in the UE rate?
Location: RI, MA, VT, WI, IL, CA, IN (that one sucked), KY
41,937 posts, read 36,951,955 times
Reputation: 40635
Quote:
Originally Posted by 313Weather
With what absurd logic would make you think a clear cut, straightforward count of unemployed Americans would not be a factor in the UE rate?
That is a completely different question, but lets start with that there is no counting of either who is unemployed (there is sampling via a survey), nor is there any compiling of who is (or is not) receiving unemployment benefits, in the calculation on the Federal Unemployment Rate. It is not a factor at all in the calculation.
It just seems like you have no idea how the unemployment rate is calculated. It is public information and it has been posted.
Quote:
Originally Posted by marilyn220
We won't even count the hundreds of thousands who were denied benefits over the years and who were never counted to begin with.
Once again, denial of unemployment benefits, applying for unemployment benefits, no longer receiving unemployment benefits because they ran out... none of those have one little bit to do with the calculation of the Federal unemployment rate. Total non factor. The question isn't even asked when the rate is compiled.
What absurd type of logic would make you think a clear cut, straightforward count of unemployed Americans would not be a factor in the UE rate?
If you're referring to the official U/E rate put out by the BLS, there is a clear-cut method used for establishing it. I posted that earlier in this thread, as well a direct link to the BLS page on U/E statistics. They explained why they don't just count every person who's on unemployment insurance and it's for the very reason why you think it's flawed. That's why they don't do it that way. As timberline742 put it, the BLS U/E rate is more of a relative index than an exact representation. But they're surveying around 110,000 people, so it's probably pretty indicative as far as surveys go.
No, it's the exact same question re-phrased differently. You've just failed to read my posts.
Quote:
Originally Posted by timberline742
but lets start with that there is no counting of either who is unemployed (there is sampling via a survey), nor is there any compiling of who is (or is not) receiving unemployment benefits, in the calculation on the Federal Unemployment Rate. It is not a factor at all in the calculation.
It just seems like you have no idea how the unemployment rate is calculated. It is public information and it has been posted.
The citation from the BLS states that the UI count does not show COMPLETE unemployment numbers, which is correct.
But can you show me where did they say it's not a factor at all?
Yep, thousands and thousands of part-time, low wage, no benefit jobs available, times are good again !!
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