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View Diary: Initial applications for jobless compensation seem to be on a new plateau. But what does it mean? (49 comments)

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  •  Meteor Blades, Absolute numbers Vs Percentages (1+ / 0-)
    Recommended by:
    Eric Nelson

    The diary says:

    During the past 40 years, the best 12-month period for initial claims was August 1999-July 2000 when the weekly average was 285,000. For the 12-month period ending September 14, 2013, the weekly average has been 359,000.
    Over a 40 year period the size of the workforce has changed significantly (92.488 million in 1973 to 155.486 million in Aug 2013) - a far more useful comparison would be initial claims as a percentage of the workforce (or working age population)

    The same comments apply when looking at other changes in employment over period when the workforce or population changes by more than just a few percentage points.

    The most important way to protect the environment is not to have more than one child.

    by nextstep on Thu Sep 26, 2013 at 11:05:10 AM PDT

    •  If I'm not mistaken that is a regular feature.. (1+ / 0-)
      Recommended by:
      HeyMikey

      ..reported on in this Daily Kos Labor series
      BLS - labor force statistics - Data extracted on: September 26, 2013 (3:49:02 PM)

      Series title:        (Seas) Labor Force Participation RateLabor force status:  Civilian labor force participation rateType of data:        Percent or rateAge:                 16 years and over

      ..not sure when the next report is due out though

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