2 ms·
Is a decline in the number of people who are receiveing unemployment benefits the same thing as an increase in the number returning to work? I don't actually th
by kadoban 5y ago
Is a decline in the number of people who are receiveing unemployment benefits the same thing as an increase in the number returning to work? I don't actually think it is without more data to rule out other cases.
- riffraff 5y agoEmployment rate is not "1-unemployment", there is a third component ("inactive" or something like that) so generally they're correlated but do not coincide. I do not know the exact numbers for this.
- kadoban 5y agoRight, that's my understanding as well. There's actually _many_ different unemployment numbers, depending on what definition of employment vs not vs not even included that you want to use. The "unemployment number" without qualification we tend to use is (IMO) kind of crap, but we're stuck with it for tradition mostly as far as I can tell. https://www.bls.gov/news.release/empsit.t15.htm https://www.bls.gov/news.release/empsit.t15.htm seems to be the best resource I can find at the moment for the ones I'm thinking of, it doesn't really define them very exactly though. I'm sure they're defined _somewhere_.