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To: 1rudeboy

I think that you are the only one in the entire galaxy who sees it that way. UE IS a factor in the calculation, that is the entire point! If you don’t collect it, you are not counted. If you do collect it you are counted. This is not rocket science. Your own post says this and you are denying your own evidence.

If they are counted, I would like to see how. Your own post states that if someone no longer recieves benefits they are no longer counted.

“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 only thing I can think of is that you are saying that the Unemployment numbers are only one figure used to determine those who are unemployed but they are not the entire picture. If you are saying that then I can agree. But if you are saying that we currently have 7.8% unemployment right now because of these numbers then I would have to call BS on that one and refer you to the Workforce Participation Rate.


208 posted on 10/05/2012 10:20:53 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
So which, if not all, of the numbers confuse you? Initial claims, continuing claims, U3, U6, Ux, or the labor force participation rate? If you are specific, I can help.
209 posted on 10/05/2012 10:26:30 AM PDT by 1rudeboy
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To: BizBroker
If you don’t collect it, you are not counted. If you do collect it you are counted.

Is this the portion of my reply you fail to understand?

These data are not used to measure total unemployment because they exclude several important groups.

210 posted on 10/05/2012 10:29:52 AM PDT by 1rudeboy
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To: BizBroker; 1rudeboy
UE IS a factor in the calculation, that is the entire point! If you don’t collect it, you are not counted. If you do collect it you are counted.

LOL!

Do you know what continuing claims are? According to this article by Bloomberg, they were 3,281,000.

According to this report from the BLS, the number of unemployed is 12,088,000.

Now pay attention, because this part involves math. There are 8,807,000 more unemployed than have been collecting unemployment for more than 2 weeks.

Let me know if you need any more help. I'm always glad to help.

222 posted on 10/05/2012 5:46:36 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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