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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: smolejv@gmx.net who wrote (39472)10/12/2003 11:42:12 PM
From: GraceZ  Read Replies (1) of 74559
 
The two will never be equal, there will always be a higher percentage in the official unemployment rate than the percentage of the population that receives unemployment benefits because a good portion of the unemployed aren't eligible for unemployment insurance. In other words the official rate of 6.1% is higher than the percentage of US workers receiving benefits. This is why they don't use the insurance numbers, they are too low.

I've been unemployed several times in my lifetime and not once was I eligible for unemployment insurance payments, nor did I step foot inside an employment office. If you separate from your employment voluntarily you can't receive benefits, if you are looking for your first job and never had one before you aren't eligible for insurance but both of these people would come up in the sampled data as unemployed.

The definition of unemployed is that you want a job, are actively looking for one and aren't currently working. They don't call people and ask them if they are working they have some very specific yes or no questions designed to reveal whether the person interviewed fits the definition of unemployed. There is no other reasonable way to measure the desire for a job but to interview actual people. You can't assume everyone without a job wants one or is looking for one.

Maybe we should all have three buttons next to our beds, so when we wake up in the morning we can press one if we are going to work, another if we are just hanging out or a third if we are looking for a job that day.

How is the sampling biased? Please be specific.
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