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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (35733)	6/4/2009 5:07:03 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Are the weekly initial unemployment claims missing some people entering unemployment? Probably, but the unemployment rate figures are not based on initial unemployment claims. How can it be that the increase in unemployment reported each month is a small fraction of the total of all weekly initial unemployment claims during that month? Because even in a recession people don't just lose jobs they get jobs. X new initial unemployed people. Y new jobs. X-Y increase in unemployment. Also because not every newly unemployed person is eligible for benefits, or chooses to apply if eligible. Should temp employment be counted the same way as a permanent hire? In terms of the unemployment rate, yes. For other purposes or in other calculations? Depends on what purposes and what and how your calculating.