Toddsterpatriot
Diamond Member
And whose fault is that?
NYCarb:
Face facts: you are an idiot.
Unemployment numbers are largely based on claims filed for state unemployment insurance benefits. These benefits, despite numerous extensions, will run out eventually. The mere fact that benefits expire will cause this "unemployment rate" construct to drop. Further, it is well documented that the labor force participation rate is lower now than it has been in decades. Why? Because the Millennials are lazy wastes of sperm? That is probably partly true. However, the main reason is that is not enough work to go around.
Do you live in a fucking cave, Carb? These are extraordinary times. Normal modes of measurement are not very helpful right now.
Do everyone a favor, asshole, and go nose dive off a cliff, you clueless cocksucker.
Unemployment numbers are largely based on claims filed for state unemployment insurance benefits.
That is not the case.
The mere fact that benefits expire will cause this "unemployment rate" construct to drop.
This is incorrect as well.
Where do the statistics come from?
Because unemployment insurance records relate only to persons who have applied for such benefits, and because it is impractical to actually count every unemployed person each month, the Government conducts a monthly sample survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country. The CPS has been conducted in the United States every month since 1940 when it began as a Work Projects Administration program. It has been expanded and modified several times since then.
What do the unemployment insurance (UI) figures measure?
The UI figures are not produced by the Bureau of Labor Statistics. Statistics on insured unemployment in the United States are collected as a by-product of UI programs. Workers who lose their jobs and are covered by these programs typically file claims ("initial claims") that serve as notice that they are beginning a period of unemployment. Claimants who qualify for benefits are counted in the insured unemployment figures (as "continued claims"). Data on UI claims are maintained by the Employment and Training Administration, an agency of the U.S. Department of Labor, and are available on the Internet at: http://workforcesecurity.doleta.gov/unemploy/claims.asp.
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