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View Diary: Extended emergency unemployment compensation will expire for 2.1 million recipients on December 29 (10 comments)

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  •  chuckvw - that's not how the data is sampled (2+ / 0-)
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    chuckvw, HoundDog

    There is a great deal of data that is collected about unemployment benefits, first time applications, how many people have been collecting for 26 weeks, how many for a year, who is near the end of the 99 weeks and more. The data is collected from each state and is submitted by the appropriate state agency. None of that information is used in the reported unemployment statistics. The BLS conducts a monthly phone survey and asks a series of questions that are similar to the ones they have been asking for decades. The questions include the number of employable people living in the home, how many are employed, full time or part time? Of those not working how many are actively seeking work?. It is from these telephone survey that the unemployment data is calculated and reported as U3 the official "unemployment" number and lots of other data including U6 which includes a much broader set of people who are working part time and would like full time and those who would look for work if there were better prospects.

    The bottom line is that when someone stops collecting unemployment benefits it has no impact at all on the official unemployment data and people are counted the same way their last month on benefits and their first month after they expire.

    The real bottom line is that I hope you find a new job very soon and best of luck on your job search.

    "let's talk about that"

    by VClib on Thu Dec 27, 2012 at 08:45:08 PM PST

    [ Parent ]

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