Legitimate Unemployment Thread

Discussion in 'Economy' started by PLYMCO_PILGRIM, Aug 17, 2009.

  1. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    I'm sick of all the crap about unemployment. I'm sick of the rhetoric, the talking points, the lies. I'm making this thread as a service to the forum to just track the raw numbers. The numbers show us the whole truth and not just the parts of the truth that one side or the other is interested in showing you.

    Take from it what you want. The information can be verified at www.bls.com

    Enjoy

    Quarter 2009:
    Labor Force 153,993,000
    Employed 141,578,000
    Unemployed 12,415,000

    Quarter 2009
    Labor Force 154,912,000
    Employed 140,591,000
    Unemployed 14,321,000

    May 2009
    Labor Force 155,081,000
    Employed 140,570,000
    Unemployed 14,511,000

    June 2009

    Labor Force 154,926,000
    Employed 140,196,000
    Unemployed 14,729,000

    July 2009
    Labor Force 154,504,000
    Employed 140,041,000
    Unemployed 14,462,000

    August 2009
    Labor Force 154,577,000
    Employed 139,649,000
    Unemployed 14,928,000
     
    Last edited: Aug 17, 2009
  2. Centrism'sVoice
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    Centrism'sVoice Seceded from USMB

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    The numbers do not show you the whole truth, PP. They cover only people who have filed claims and whose benefits have not expired.
     
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  3. pinqy
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    pinqy Gold Member

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    For the billionth time, the Unemployment rate has NEVER been based on Unemployment insurance. It's not asked in the survey and never has been. I don't get how you could make that post when you've clearly never actually researched it yourself. Where on earth did you get the idea that the Unemployment rate had anything to do with Unemployment benefits?

    The official definitions from The Bureau of Labor Statistics
    (bolding is mine)
     
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    Last edited: Aug 17, 2009
  4. Oddball
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    Oddball BANNED Supporting Member

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    Lots and loits of self-employed people, who don't qualify for unemployment handouts, are out of work, too.
     
  5. pinqy
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    pinqy Gold Member

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    The self-employed are included in the quoted labor force statistics. Again, to be unemployed you do NOT have to be qualified for or receive Unemployment Insurance. You do not even need to have ever worked at all. If you turn 16, have never worked before, and start looking for a job, you're unemployed.
     
    Last edited: Aug 17, 2009
  6. Terry
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    Terry Shut the $%$ Up!

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    This information is collected from
    payroll records by BLS in cooperation with state agencies.
     
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  7. pinqy
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    pinqy Gold Member

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    No, that's the Employment data, not the Unemployment data. There are two seperate surveys that comprise the Employment Situation Report. The official Employment level is from the Current Employment Statistics Survey (an establishment survey), and is a survey of approx 160,000 businesses that pay into UI. As you say, it's a Fed/State survey. Excluded are agriculture, the self-employed, and domestic workers (those who work in other people's houses).

    The Unemployment Rate, and the Labor Force statistics cited in this thread (including the quoted measure of employment, which is not the official number) are from the Current Population Survey, which is conducted by the Bureau of the Census for BLS. It's a household survey of approx 60,000 households and includes everyone (over 16, not in the military, prison, or an institute or long term health-care facility) including unpaid family members working 15+ hours in a family business/farm.

    For July, we have:
    Total non-farm Payroll employment (establishment survey): 131,488,000 (preliminary data, subject to revision for the next 3 months)

    From the CPS-
    Employed: 140,041,000 (note that it's larger than non-farm payroll)
    Unemployed: 14,462,000
    These two combined make up the Labor Force: 154,504,000
    The Unemployment rate is Unemployed/Labor Force
    The third category is Not in the Labor Force (those not working and not currently looking for work): 81,366,000
    So the total adult civilian non-institutional population is 235,870,000

    Note, that thes numbers are all seasonally adjusted (except for the population figure), meaning that predictable, normal, seasonal trends (such as increases in employment in June and Dec and decreases in Aug and January) are mathematically removed so that the underlying trend can be seen.
     
    Last edited: Aug 17, 2009
  8. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    These actually show the whole truth.

    The numbers show exactly how many people are in the labor force, how many are employed, and how many are unemployed. It does not take unemployment claims into account at all.

    You should really check something thoroughly before assuming.


    These numbers come from the B.L.S. and are very simple. It shows you how many Employable people we have, how many of those paid payroll taxes and how many didn't.

    some of you are referring back to other data that has come out, the same data that motivated this "raw numbers" approach here.
     
    Last edited: Aug 18, 2009
  9. Centrism'sVoice
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    Centrism'sVoice Seceded from USMB

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    The BLS numbers do not show the exact number of unemployed, as several others in this thread have already demonstrated.

    You should really read something thoroughly before assuming.
     
  10. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    Go to the link, check the website, and see.

    Others may have failed to do so also, i can't control what other people do/don't read before posting.
     

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