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In reply to the discussion: Economy Adds 120K Jobs In March; Unemployment Falls To 8.2 Percent [View all]jeff47
(26,549 posts)13. They don't.
Why do they say people who run out of 99 weeks of unemployment have left the job market and are not looking for work?
They don't.
The unemployment rate is not tied to unemployment benefits. The unemployment rate is determined via a survey. Which is why they're able to produce so many different unemployment rates.
U1: Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks.
U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.
U6: U5 + Part time workers who want to work full time, but cannot due to economic reasons (underemployment).
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks.
U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.
U6: U5 + Part time workers who want to work full time, but cannot due to economic reasons (underemployment).
U6 is the one I personally think they should use. That was about 14%.
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If you're going to pretend I mean things I don't say why are you even bothering to respond?
mathematic
Apr 2012
#28
well, better to be adding jobs than losing them, but still was expecting over 200,000 new jobs
WI_DEM
Apr 2012
#5
When the President took office I believe we were losing over 700,000 jobs per month!
aaaaaa5a
Apr 2012
#7