pinqy
Gold Member
My God people
we got people trying to convince us that the available work force number has nothing to do with the not in work force number
MY GOD THE NOT IN WORK FORCE NUMBER GREW 1.6 million in 8 weeks and the available work force number goes down
First, there's no "available work force" number. I assume you just mean the Population (the adult civilian non institutional populaton)
Second, try this. List all the reasons someone would stop working and not look for a new job AND all the reasons someone who was looking for work would stop.
You're ignoring altogether that an increase in Not in the Labor Force can come from Employed, or Unemployed, or New entrants to the Population (someone turning 16 and not looking for work is a +1 to Not in the Labor Force).
Pingy you have no idea how the UE number works
I do this professionally. I meet with the BLS experts, Census experts, and economists and statisticians from many different countries on a regular basis. I've forgotten more about this stuff than you'll ever know.
First, get your terms straight and use the proper terms used instead of making up your own. It's confusing.There is a huge number of people who are no longer being counted in the available work force number, this is why UE has fell and job creation numbers went up
There's the Adult Civilian Non Institutional Population, usually just called "Population." 16 years and older not in prison or other institution or the military.
Labor Force: Employed + Unemployed (possibly what you mean by "available workforce" but since there's no "unavailable workforce" what you actually mean is confusing.
Employed: Worked during the reference week.
Unemployed: Did not work during the reference week, actively looked for work in the previous 4 weeks, could have accepted a job if offered.
Not in the Labor Force: everyone else in the population...those who don't want a job, those who can't take a job, and those who aren't trying to get a job.
The UE rate is calculated by takin those "working" divided by those available, the difference from 100% is the UE rate.[/qutoe] No, it's not. It's Unemployed divided by the Labor Force. Unemployed/(Employed + Unemployed).
Why would they be? The purpose of the UE rate is to see how much available labor is not being used. People Not in the Labor Force are not available for work.Those who are in the "Not in work force" are not counted
And as I pointed out, some of that was do to an undercount that the Census corrected. Otherwise, it's just how it is...a lower percent of the population is trying to work, that's why the Labor Force % is lower. MOST of the people Not in the Labor Force don't want to work. Only a small percent is due to discouragement.Do your DD on it, but there are many reasons as to why one would enter the "not in work force number" many are legitimate such as retiring, dis ability, etc...
The problem today is that number has exploded while the "in work force number" is falling, but not at the same pace
How do you figure? There's no time limit or "falling off the radar." Since it's not an actual count, how could anyone fall off the radar?There is so many people who have fell off of the radar due to being UE for so long.
Tell you what....you don't like how the UE rate is calculated, give your suggestion. Define all your terms precisely and give your formulas.