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To: Yashcheritsiy
My fault for trying to keep it simple, then. It got the two of you confused. The contention was that extension of unemployment benefits would cause U-3 to rise as "millions" would now be counted as looking for work.

As far as I know, despite all the howling, backtracking, and rhetorical gamesmanship on this thread, extension of unemployment benefits has never caused the unemployment rate to rise. My recollection only goes back to the 1990's recession, whish is the last time (I think) unemployment benefits were extended.

So, if extending compensation will increase unemployment, I'd like to see someone actually prove it, instead of simply claiming "it will happen because I say it will happen."

I posted a link to the BLS website. (Amusing, since I am being asked how the unemployment rate is calculated). The data is out there. It shouldn't be too hard to see the "spike," if it exists, or to determine how many "millions" of workers will be considered to rejoin the labor force. You don't even have to go back to the 1990's, you can go back to the last time the Obama administration extended unemployment compensation.

Finally, your comment that:

Exactly. Because of the way they calculate U3, this (should) ironically make the U3 start shooting back up as tons of people reapply for benefits.

was incorrect, is still incorrect, and will be incorrect for eternity. So if you think that I "can't even keep track" of what has been said on this thread, then keep medicating yourself.
120 posted on 02/19/2012 6:19:56 AM PST by 1rudeboy
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To: 1rudeboy
It's clear that the record length of unemployment benefits is causing people to rejoin the workforce. Just look at the workforce participation rate.

Wait, what?

122 posted on 02/19/2012 9:54:38 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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