Tuesday, July 14, 2009

Do unemployment rates include people who have exhausted their unemployment benefits?

The published unemployment rates include everyone.



The unemployment rate, is calculated by a month survey sent out by the department of labor.



They are not based on the number of people who apply for unemployment, are currently collecting unemployment or who have used all thier unemployment benefits.



People tend to forget, that most unemployed people, either cannot collect unemployment, or do not collect unemployment, because they get another job.



In some states like Florida, only 28% of those who apply for unemployment, are eligible to collect it.



So using the number of people who are currently collecting unemployment, would be a very inaccurate method of calculating the unemployment rate.



From the Department of Labor webpage:



The number of unemployed persons in the United States and the national unemployment rate are produced from data collected in the Current Population Survey (CPS), a monthly survey of over 60,000 households. A person%26#039;s unemployment status is established by responses to a series of questions on whether they have a job or are on layoff, whether they want a job and are available to work, and what they have done to look for work in the preceding 4 weeks.



Your question is in reference to a myth that started during the 2004 Presidential campaign.



Do unemployment rates include people who have exhausted their unemployment benefits?exchange rate





They exclude single parents, those on incapacity benefits and anyone else the Government can think of to make the figures look better



Do unemployment rates include people who have exhausted their unemployment benefits? loan



No. They presumed to be %26quot;out%26quot; of the employment rolls.|||No! Once they drop off the benefit rolls, they%26#039;re not counted!|||The rates do not include people who have exhausted their benefits and they do not include people who do not qualify for benefits or people who are eligible but have not filed.

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