Talk of The Villages Florida - View Single Post - Unemployment
Thread: Unemployment
View Single Post
 
Old 04-21-2010, 09:51 AM
Guest
n/a
 
Posts: n/a
Default

For a better understanding of unemployment numbers, take a look at how the government measures unemployment. The information is enlightening. I've included just a little from the government site. From the US Dept. of Labor:

"Some people think that to get these figures on unemployment, the Government uses the number of persons filing claims for unemployment insurance (UI) benefits under State or Federal Government programs. But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits. So, quite clearly, UI information cannot be used as a source for complete information on the number of unemployed.

"Other people think that the Government counts every unemployed person each month. To do this, every home in the country would have to be contacted—just as in the population census every 10 years. This procedure would cost way too much and take far too long. Besides, people would soon grow tired of having a census taker come to their homes every month, year after year, to ask about job-related activities.

"Because unemployment insurance records relate only to persons who have applied for such benefits, and since it is impractical to actually count every unemployed person each month, the Government conducts a monthly sample survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country.


http://www.bls.gov/cps/cps_htgm.htm