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To: 1rudeboy

Um, your own post proves you wrong. Have you actually read it. It states that all of those types of unemployed are NOT counted in the number. Meaning the only people who are included in the UE figures are those who are able to collect insurable benefits. Which is the point all of us have been making. See the following paragraph in which it states that these types of workers are not included in the number. But does that make them employed?

“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- Shouldn’t they be counted?

Unemployed workers who have not yet earned benefit rights (such as new entrants or reentrants to the labor force- shouldn’t they be counted? They are not working...

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. Again, are they working?

Otherwise eligible unemployed persons who do not file for benefits” Do they now have a job?

What about all of those small business owners who lost their business? They are not eligible to file most likely. Are they employed? The people above, are they employed?

People who worked commission only jobs who lost them. They are not eligible but are they somehow not worty of being counted?

The point we are all making is that insured UE benefits are not a reliable way to determine the real unemployment rate. Workforce participation is much more reliable. You may want to go back to DU and inform them that your attempt to protect your boy Obama has not worked. Those are the facts.


198 posted on 10/05/2012 8:29:38 AM PDT by BizBroker (Democrats- Don't want 'em, Don't need 'em, Can't use 'em, Couldn't afford 'em if I did!)
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To: BizBroker; All

” Otherwise eligible unemployed persons who do not file for benefits” Do they now have a job?

What about all of those small business owners who lost their business? They are not eligible to file most likely. Are they employed? The people above, are they employed?

People who worked commission only jobs who lost them. They are not eligible but are they somehow not worty of being counted?”

Great point!

BUMP!


202 posted on 10/05/2012 8:49:13 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: BizBroker
Either you did not read my earlier posts, or you misunderstood them. Unemployment compensation, and whether you are eligible for it, receive it, or no longer collect it, is not a factor in the calculation of the unemployment rate. Which is why I posted the link to BLS in the first place.

In other words, the statement that "but [once] people no longer receive unemployment they are no longer carried on the rolls of the unemployed . . . therefore, they are no longer counted," is factually incorrect.

206 posted on 10/05/2012 9:28:49 AM PDT by 1rudeboy
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