This is what I don’t understand or I think I do understand but it frustrates me with the media.
As a person that collected unemployment last year and having it run out, I was one of the ones that “fell off” the unemployment rolls.
As people like me fall off the rolls(still unemployed) the total number of possible people that can claim unemployment benefits falls. This means that the percentage of people going on the rolls(all things being the same) will slowly get smaller, giving the effect of new unemployment claims numbers falling.
The total number of people that could(are legally authorized to) claim is smaller but the total population is the same.
Does that make sense? Anyway I have decided at this point to not get a job and build websites for people and go to college. 38 year old freshman, go figure.
It also doesn’t count us part-time employees who lost their jobs and didn’t get unemployment. And still no job.
Yes, it does make sense. And therefore the true unemployment picture is far worse than they tell us. And good for you for starting school. Tough times can bring out the best in us. I went to night school, it took 10 years. I used to lament that I’d be 36 when I graduated. But a very wise man told me, “you’ll be 36 anyway.” Made sense. I wish you well.