4 ms·

@jfoutz - once your off employment insurance benefits, .gov doesnt 'count' you as 'unemployed'. You can look for work 24x7x365 and you are not officially 'unemp

by sospep 11y ago

@jfoutz - once your off employment insurance benefits, .gov doesnt 'count' you as 'unemployed'. You can look for work 24x7x365 and you are not officially 'unemployed', according to the gov.

jfoutz 11y ago
hmm. I thought it worked like this "Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work." [1] and "Discouraged workers are a subset of persons marginally attached to the labor force. The marginally attached are those persons not in the labor force who want and are available for work, and who have looked for a job sometime in the prior 12 months, but were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey." I don't think it's connected to insurance benefits. I think the statistic is dumb, because it should count people who are available to work but aren't. On the other hand, if you aren't looking, maybe you really aren't available. [1] http://www.bls.gov/cps/lfcharacteristics.htm#unemp http://www.bls.gov/cps/lfcharacteristics.htm#unemp
- ZanyProgrammer 11y ago
  Or you've just given up because no one will hire you if you've been unemployed for long periods of time.
- sospep 11y ago
  How would .gov be able to tell if person "actively looked" and "are available" for work if was not tied to the EI benefits? If your collecting benefits your filing a report stating that you are/looking & available, if your not collecting EI benefits, your not filing report, your likely not counted as "officially unemployed". You may fall into the broader U6 unemployment numbers that u/roofus mentions below.
r00fus 11y ago
I thought that was only the M3 numbers (which are broadcasted as official) while the M6 numbers show the entire unemployment picture? Of course, I doubt both show underemployment.
- sospep 11y ago
  I believe its U3 and U6 numbers. Came across an interesting article[0] about how they are measuring these along with some historical data. It touches on underemployment as well, indicating that the underemployed are included in the U6 numbers. The articles most recent(2015-06) monthly U3 rate of 5.3% is about half of the U6 rate of 10.5% for the same period. [0] http://econbrowser.com/archives/2015/07/measuring-unemployment http://econbrowser.com/archives/2015/07/measuring-unemployme...

by sospep 11y ago

@jfoutz - once your off employment insurance benefits, .gov doesnt 'count' you as 'unemployed'. You can look for work 24x7x365 and you are not officially 'unemployed', according to the gov.

jfoutz 11y ago

hmm. I thought it worked like this "Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work." [1] and "Discouraged workers are a subset of persons marginally attached to the labor force. The marginally attached are those persons not in the labor force who want and are available for work, and who have looked for a job sometime in the prior 12 months, but were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey." I don't think it's connected to insurance benefits. I think the statistic is dumb, because it should count people who are available to work but aren't. On the other hand, if you aren't looking, maybe you really aren't available. [1] http://www.bls.gov/cps/lfcharacteristics.htm#unemp http://www.bls.gov/cps/lfcharacteristics.htm#unemp

ZanyProgrammer 11y ago
Or you've just given up because no one will hire you if you've been unemployed for long periods of time.
sospep 11y ago
How would .gov be able to tell if person "actively looked" and "are available" for work if was not tied to the EI benefits? If your collecting benefits your filing a report stating that you are/looking & available, if your not collecting EI benefits, your not filing report, your likely not counted as "officially unemployed". You may fall into the broader U6 unemployment numbers that u/roofus mentions below.

r00fus 11y ago

I thought that was only the M3 numbers (which are broadcasted as official) while the M6 numbers show the entire unemployment picture? Of course, I doubt both show underemployment.

sospep 11y ago
I believe its U3 and U6 numbers. Came across an interesting article[0] about how they are measuring these along with some historical data. It touches on underemployment as well, indicating that the underemployed are included in the U6 numbers. The articles most recent(2015-06) monthly U3 rate of 5.3% is about half of the U6 rate of 10.5% for the same period. [0] http://econbrowser.com/archives/2015/07/measuring-unemployment http://econbrowser.com/archives/2015/07/measuring-unemployme...