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Old 03-22-2024, 10:14 AM
 
25 posts, read 5,662 times
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Originally Posted by ckhthankgod View Post
That was literally my point. Participation doesn't mean that everyone 16 and older is in the labor market. It just means that the percentage is in relation to those that actually participate.
The people calling the number are people who are participating in the labor market because to be eligible for unemployment benefits, each person has to be actively looking and able to work. I am asking, how is the official number for unemployment so low when the labor dept is "experiencing an extremely high volume of calls at this time" from people who are participating in the labor market.
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Old 03-22-2024, 12:00 PM
 
94,037 posts, read 124,866,495 times
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Originally Posted by dd456 View Post
The people calling the number are people who are participating in the labor market because to be eligible for unemployment benefits, each person has to be actively looking and able to work. I am asking, how is the official number for unemployment so low when the labor dept is "experiencing an extremely high volume of calls at this time" from people who are participating in the labor market.
This has been answered already in the thread. I was answering the 4.5% aspect.
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