To: 1rudeboy
Whether or not you apply for unemployment insurance, continue employment insurance, or run out of unemplyment insurance, has nothing to do with the way the unemployment rate is calculated.
Pay attention, dumbo!
Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work.
Persons not in the labor force are those who are not classified as employed or unemployed during the survey reference week.
unemployment rate = number unemployed / number in labor force
When a person doesn't find a job and runs out of unemployment insurance and stops looking for work, then after four weeks they are NO longer included in the unemployed or as part of the labor force!
Now that same person is offered additional unemployment benefits. So that same person files for unemployment benefits and begins to look for work again. So, that same person is now again part of the workforce and is also included as one more unemployed person in that same calculation above!
The fact of the matter is that there are millions of people that have recently dropped off of those counted as unemployed because they have stopped looking for work. That is why the unemployment rate has recently dropped.
Are you really too dense to understand this?
65 posted on
02/16/2012 8:14:21 PM PST by
Brown Deer
(Pray for 0bama. Psalm 109:8)
To: Brown Deer
Oh, you are such a genius, by explaining to me how the labor force participation rate is calculated, when we are speaking of something completely different.
It's as if I point out that apples are different from oranges, and some imbecile parachutes onto the thread to explain that it is possible to grow apples on orange trees.
What's next, "Vote Ron Paul?" LOL
66 posted on
02/16/2012 8:18:03 PM PST by
1rudeboy
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