Quote:
Originally Posted by John Mercier
In this case, they are determining how many individuals in each area are collecting UE compensation.
The thought process is as the compensation amount declines, those individuals will instead seek active employment.
Since the number actually collecting is low, businesses do not expect an on-rush of applicants.
Oddly, it isn't a labor issue, it is a demand issue.
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It is also not a measure of how many people are actually unemployed, its a very filtered and corrected measure of a segment of the population that are not working but who were recently working.
We do such strange things with the raw data it begs the question of what are we really trying to accomplish. I truly dont know anymore.
Given all the the effort and expense that goes into publishing this date, I hope its useful to someone. I personally dont get much out of it and it doesnt provide me helpful information to gauge the condition of the economy or the success of the politicians in delivering on their campaign rhetoric.
06-29-2021, 04:22 PM
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