4 ms·
> Unemployment doesn’t show laid off employees who aren’t yet collecting unemployment benefits. That is not true. The fact that they are receiving severance do
by chimeracoder 4y ago
> Unemployment doesn’t show laid off employees who aren’t yet collecting unemployment benefits.
That is not true. The fact that they are receiving severance does not change their classification as unemployed.
The unemployment rate, which is calculated using a standard approach across the country, is completely unrelated to unemployment benefits, which are handled at the state level with a high degree of variation.
In fact, workers are counted as unemployed even if the layoffs are temporary and they are expected to be recalled (e.g. furlough).
- dehrmann 4y agoThey're often kept on as employees to satisfy the WARN act. This isn't actually severance, and they're not actually unemployed at that point.
- chimeracoder 4y ago> They're often kept on as employees to satisfy the WARN act. This isn't actually severance, and they're not actually unemployed at that point. No, BLS does consider them as unemployed.