Friday, January 10, 2014

Unemployment Calculations

You know those unemployment rates they throw around on news programs...do you know how unemployment is calculated? Well, the BLS relies on information from payroll companies like ADP. They also rely on figures from unemployment offices. You are considered a statistic contributing to the unemployment rate if you are unemployed, and collecting UI. Here's the catch...say you exhaust your benefits (including extensions) and you are now neither on UI nor employed....YOU NOW LET THE UNEMPLOYMENT RATE GO DOWN. Wtf. You are considered neither employed or unemployed. You are considered gone from the labor force. So those figures don't make sense does it? Eventually, if everyone is denied extensions, then hell, the unemployment rate improves. What a scam. The figures are flawed. Its manipulated. Can we see the official figures on the number of students graduated last year that have jobs?

No comments:

Post a Comment