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The labor market remains healthy? BS!! Only those collecting unemployment are counted. If it was healthy wages would go up due to a shortage of workers and the minimum wage bill would not be necessary -- supply and demand!
engineer,
No. Only those APPLYING for unemployment are counted.
I recommend that those that are EVER unemployed file even though you don't expect to receive benefits. If, for example, you're unemployed file for it and if denied this month file again next month and every month until you're employed again. You're unemployment period expired? No problem, keep applying until you are again employed. This keeps the unemployment figure correct and may just create an issue with your previous employer as to their hiring and firing practices. That issue will probably get the attention of company shareholders that their investments have a problem. Also, the local Chamber of Commerce may view their practices negatively or problematicand that's enough for some sharp inquires on their part. It throws a pail of cold water on those companies that want to be viewed as partners in their local communities.
Only those applying for unemployment are ever counted, just like only new jobs are ever counted. The difference tells you if more jobs are being created or lost, and that number is added to the last employed and unemployed figures to come up with current figures.
So what you are trying to do is bias the system to show unreal job loss.
But it won't do what you want, since the number used is "first time unemployment applicants", not "unemployment applicants".
Spaz,
Not true. Unemployment is counted by each state and that information is passed to the Federal government. Each state doesn't keep track of the individual unemployed beyond their unemployment compensation period; the cutting of the check. If you're still unemployed at the end of that period you're dropped from the rolls and the unemployment figure is adjusted again. The only way true unemployment can be counted is by filing another application, which is something many unemployed don't do.
You are right. The "unemployment" numbers we've been hearing all along are not really accurate because after one has exhausted the unemployment benefits available, that person is DROPPED from the unemployment statistics. With the outsourcing of jobs, the unofficial illegal immigrant "guest workers," etc; this is a MUCH more common occurrence than our government will EVER acknowledge. The only reason we see a spike is because of the higher number of NEW claims.
This economy is great for CEOs and investors who have made enough wealth to be uber-rich. The rest of us, including those of us who are desperately trying to hang on to their shrinking sliver of the middle class, are suffering terribly under this economy. As for me; my income isn't keeping up with inflation and I feel like I'm a working class dog just trying to keep up with the bills! It shouldn't be that way for one of my age and education. Thank God I have education and a skill or I would REALLY be f***ed.
Oh Boo hoo scott.
"the rest of us are suffering terribly under this economy"
HAHAHAHAHAHAHA!!!
Will you get some perspective, please? You don't even know what it means to "suffer terribly". What's the matter, did you spill a cappucino all over the cloth seats of your Lexus SUV?
There's people around the world starving, homeless, living from day to day with no hope of any future, much less ever dreaming of dealing with the "problems" you purport to have. Do you realize how ridiculous you sound?
see http://www.hotshadow.com/news.aspx
Today the Department of Labor released statistics indicating that unemployment has reached its highest mark since early April.
QUE? From the US Department of Labor, March through May. There are no stats for June cause the month of June has not ended.
Mar Apr May
4.4 4.5 4.5
The jobless rate has ranged from 4.4 to 4.6 percent since September 2006. USDL
So what's up with the chicken little shrill "highest mark since early April"
Humm could it be the report that the Dem congress is at historic low of 14% approval?
Jan 4.5 better than expected, April 4.4 9 week drop in unemp is good.
Mar Apr May June
4.4 4.5 4.5 ? the sky is falling!! Expected to be 4.4 to 4.6 unemp
From MSNBC Jan 11 2007
Weekly improvement is much better than analysts had expected
Updated: 3:24 p.m. PT Jan 11, 2007 (the Dems took control of congress)
a better-than-expected showing which helped keep the unemployment rate steady at a 4.5 percent.
Even with last year's slowdown, the unemployment rate for the whole year averaged 4.6 percent, down from a 5.1 percent average in 2005 and the best showing in six years.
So unemployment at 4.5 is better than expected!
From MSNBC April 26 2007
Jobless claims see largest fall in 9 weeks
Msnbc
Even in the midst of the yearlong slowdown, the unemployment rate dipped in March to 4.4 percent, matching a five-year low, as employers boosted hiring by 180,000 workers
The jobless rate has ranged from 4.4 to 4.6 percent since September 2006. USDL
So what's up with the chicken little shrill "highest mark since early April"