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Thread: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by washunut View Post
    Why don't you like using the underemployment piece? As the economy starts to improve you will probably see it first in underemployment turning into fully employed.
    How do you count someone who is working 30 hrs a week vs someone who is working 5 hrs a week

    Both are underemployed, but the person working 30 hrs is not as bad off as the person working 6 hrs/week

    That is what I dislike about the underemployed stat as it currently stands

    I would personally combine their hrs workd and count every 40 hrs as a job, and have the remaining numbers count as unemployed

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Lord Tammerlain View Post
    How do you count someone who is working 30 hrs a week vs someone who is working 5 hrs a week

    Both are underemployed, but the person working 30 hrs is not as bad off as the person working 6 hrs/week

    That is what I dislike about the underemployed stat as it currently stands

    I would personally combine their hrs workd and count every 40 hrs as a job, and have the remaining numbers count as unemployed
    You can sort of get to a full time equivalent number by looking at the average hourly numbers. I think they are currently something like 33.2.

    The same problem you mention regarding part-time you have with full time, as someone working 60 hours gets counted as 1 versus 1.5. You even have the question of what is full time. This may range from 35-40 depending on the company.

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by washunut View Post
    You can sort of get to a full time equivalent number by looking at the average hourly numbers. I think they are currently something like 33.2.

    The same problem you mention regarding part-time you have with full time, as someone working 60 hours gets counted as 1 versus 1.5. You even have the question of what is full time. This may range from 35-40 depending on the company.
    Yeah but a person working 60 hrs will not be counted as overemployed

    And yes I could get reasonable equivalent by using the average hourly numbers, but I would perfer a quick accurate number without extra compilation having to be done by me

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