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And how about NC's numbers now since economics is not a text message?
Oh, that's right, the number of employed people is the highest level in its recorded history.
Maybe instead of listening to other people you should look for yourself. It's not like it's hard to find.
I live in NC and I can assure you we will be better off not having to pay the federal government back because we chose to pay people not to work while they waited for jobs that will never be coming back.
Maybe you should have read my second link. I DO in fact research these things.
But you do make a fascinating point "for jobs that will never come back". Maybe that says more about NC then the rest of the country.....
So a little comment here. North Carolina had the largest falls in emplyment rates in the country, this is why the cost of their unemployment were so painful.....this is also why in march they had so many jobs added is because they lost far more then the rest of the country.
Its like saying "hey look at us, we might be doing really badly...but we've improved sooo much from before". And they cherry pick one month-arguably the most recent one to highlight how great theyre doing, ignoring the job losses from January.
Most important-24 states at 6% or lower unemployment, which is full employment by economists' standards, long accepted over many decades!
You realize once people run out of or quit claiming unemployment, they are no longer counted, right? The unemployment figures are calculated by the number of people receiving benefits, so if less people are recieving benefits, or to put it another way, if the government cuts the benefits off to a large number of people, the unemployment percentage is of course going to get smaller. This however, does not mean that less people are unemployed and finding work.
You realize once people run out of or quit claiming unemployment, they are no longer counted, right? .
They are counted if they continue actively seeking employment. It is a survey based number-not related to UC census reports.
Now, had you read the report, you'd also have seen large increase in actual jobs, with several states in excess of 1/3rd of a million net new jobs. Hopefully, that news won't ruin your day.
For some reason I can never remember the name. I mentioned it in another post and someone from the state stated the name...sigh...google time. Apparently I DO feel like being your google monkey.
North Carolina. Ah yes...they DID see a massive drop in unemployed all right-because a massive number of them simply stopped looking for work. gave it up.
Recently they HAVE had more new jobs added, but they still are FAR behind other states when you look at the cumulative average. And if you look at the data you can see a sudden drop from the unemployment insurance hit, then a bounce...but....and this is critical STILL way below average compared to the nation. IE the dead cat bounce isnt a positive thing.
"dead cat bounce" refers too if you drop a dead cat off a building it will bounce when it hits bottom. But its still dead. and that sudden bounce is not a indication of life. You can see this in recent real estate valuations for example.
But I digress.
The bottom line is, they;ve damaged themselves long term compared to the rest of the country that kept unemployment. Course now we've done that too via gridlock. Sadly putting an end to a great experiment in contrasts.
You realize once people run out of or quit claiming unemployment, they are no longer counted, right? The unemployment figures are calculated by the number of people receiving benefits, so if less people are recieving benefits, or to put it another way, if the government cuts the benefits off to a large number of people, the unemployment percentage is of course going to get smaller. This however, does not mean that less people are unemployed and finding work.
Unemployment Insurance has nothing to do with the calculation for the UE rate or anything else.
Some people think that to get these figures on unemployment, the Government uses the number of persons filing claims for unemployment insurance (UI) benefits under State or Federal Government programs. But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits. So, quite clearly, UI information cannot be used as a source for complete information on the number of unemployed.
They are counted if they continue actively seeking employment. It is a survey based number-not related to UC census reports.
Now, had you read the report, you'd also have seen large increase in actual jobs, with several states in excess of 1/3rd of a million net new jobs. Hopefully, that news won't ruin your day.
Does the article also specify how many jobs were lost or eliminated during that same time period?
Most important-24 states at 6% or lower unemployment, which is full employment by economists' standards, long accepted over many decades!
That happens when millions quit looking for work and go on disability or just can't find work and fall off the rolls. Let's not forget the change to how Hussein calculates the numbers. It's been so long for folks being out of work I'm surprised the numbers aren't better. Things are not what they appear with the liar and thief.
Last edited by Crossfire600; 04-20-2014 at 08:42 PM..
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