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Thread: US economy creates 243,000 jobs in January

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Misterveritis View Post

    Where do you think the discouraged workers come from except through the unemployment lines?
    You would have been smart to leave that one alone after I clued you in [with 'seriously?'] to the ignorance of drawing a connection between new jobless claims and discouraged workers.

    New jobless claims are people who recently became unemployed and have just begun looking for work, which is a prerequisite to collecting unemployment benefits. Discouraged workers are people who are unemployed less than 12 month who have not looked for work for at least 4 weeks.

    The two categories have absolutely nothing to do with each other. You were a fool for thinking otherwise and Conservative is a desperate fool for 'liking' your mistake. But then again, he constantly demonstrates his need to try to better me, even by proxy of others more competent than himself.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by winston53660 View Post
    Yep it is all a a matter of record that Perry raises taxes......
    What matters is people control their own expenses in TX, no state income taxes thus if you don't want to pay higher taxes then don't buy the product or services that were taxed

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    You would have been smart to leave that one alone after I clued you in [with 'seriously?'] to the ignorance of drawing a connection between new jobless claims and discouraged workers.

    New jobless claims are people who recently became unemployed and have just begun looking for work, which is a prerequisite to collecting unemployment benefits. Discouraged workers are people who are unemployed less than 12 month who have not looked for work for at least 4 weeks.

    The two categories have absolutely nothing to do with each other. You were a fool for thinking otherwise and Conservative is a desperate fool for 'liking' your mistake. But then again, he constantly demonstrates his need to try to better me, even by proxy of others more competent than himself.
    I haven't been following for a few days, but I think he meant underemployed (BLS: underutilized)...that leads to "discouraged" workers, which do not show up in the discouraged workers category.

    From BLS:
    Discouraged workers
    Discouraged workers are a subset of persons marginally attached to the labor force. The marginally attached are those persons not in the labor force who want and are available for work, and who have looked for a job sometime in the prior 12 months, but were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Among the marginally attached, discouraged workers were not currently looking for work specifically because they believed no jobs were available for them or there were none for which they would qualify.
    From BLS (the definition seems rough):
    Alternative Measures of Labor Underutilization for States, 2011 Annual Averages
    Six alternative measures of labor underutilization have long been available on a monthly basis from the Current Population Survey (CPS) for the United States as a whole. They are published in the Bureau of Labor Statistics' monthly Employment Situation news release. (See table 15.) The official concept of unemployment (as measured in the CPS by U-3 in the U-1 to U-6 range of alternatives) includes all jobless persons who are available to take a job and have actively sought work in the past four weeks. This concept has been thoroughly reviewed and validated since the inception of the CPS in 1940. The other measures are provided to data users and analysts who want more narrowly (U-1 and U-2) or broadly (U-4 through U-6) defined measures.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Blue_State View Post
    I haven't been following for a few days, but I think he meant underemployed (BLS: underutilized)...that leads to "discouraged" workers, which do not show up in the discouraged workers category.

    From BLS:


    From BLS (the definition seems rough):
    Now try explaining what a person who hasn't looked for a job for 4 weeks has to do with someone who is looking for a job who just filed their first jobless claim?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Now try explaining what a person who hasn't looked for a job for 4 weeks has to do with someone who is looking for a job who just filed their first jobless claim?
    I think I can make the leap that they are going for. Again, I am being lazy and haven't caught to the last few days, I just started on this page.

    A person who just filed their first jobless claim has just entered the unemployment stats. The person who has not looked for a job for 4 weeks after being on unemployment will not be included in the labor force. Since discouraged workers are no longer looking for employment, they are not counted as active in the labor force. This means that unemployment rates, which are based on labor force calculations, do not consider discouraged workers.

    Eh....?
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Blue_State View Post
    I think I can make the leap that they are going for. Again, I am being lazy and haven't caught to the last few days, I just started on this page.

    A person who just filed their first jobless claim has just entered the unemployment stats. The person who has not looked for a job for 4 weeks after being on unemployment will not be included in the labor force. Since discouraged workers are no longer looking for employment, they are not counted as active in the labor force. This means that unemployment rates, which are based on labor force calculations, do not consider discouraged workers.

    Eh....?
    Ummm, all you did there was to explain what a jobless claim is and what a discouraged worker is. I did that myself just a few posts ago.

    What I'm looking for is how one impacts the other ... ?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Ummm, all you did there was to explain what a jobless claim is and what a discouraged worker is. I did that myself just a few posts ago.

    What I'm looking for is how one impacts the other ... ?
    In short, they don't. The only reason to bring the both of them up in the same breath is to point out that the unemployment numbers are not real right now because they don't account for the discouraged workers.

    If the economy is still down, the people who have just joined the unemployment numbers can unwillingly become discouraged workers and fall off the unemployment count.

    But as I said, the only real reason to bring both of them up in the same breath is to say that our unemployment numbers right now are not reflecting reality.
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Blue_State View Post
    In short, they don't. The only reason to bring the both of them up in the same breath is to point out that the unemployment numbers are not real right now because they don't account for the discouraged workers.

    If the economy is still down, the people who have just joined the unemployment numbers can unwillingly become discouraged workers and fall off the unemployment count.

    But as I said, the only real reason to bring both of them up in the same breath is to say that our unemployment numbers right now are not reflecting reality.
    If you want to look at discouraged workers all you have to do is look at the U-6 unemployment number ... which includes discouraged workers. As it happens, U-6 has improved even more than U-3.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    If you want to look at discouraged workers all you have to do is look at the U-6 unemployment number ... which includes discouraged workers. As it happens, U-6 has improved even more than U-3.
    You are right, 15.1% is a great number in the liberal world, isn't it? What is 15.1% of 154 million?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    If you want to look at discouraged workers all you have to do is look at the U-6 unemployment number ... which includes discouraged workers. As it happens, U-6 has improved even more than U-3.
    True, that is under the table of "Alternative measures of labor underutilization"

    That is not the "reported" unemployment rate. The Jan 2012 (adjusted) was 15.1%, where the reported unemployment rate was 8.3% (adjusted). It is important distinction between the two. At least to me.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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