Sunday, August 9, 2009

Is the unemployment rate dropping because people find jobs or because unemployed people leave the co

It is unlikely to survive without a job right ?



Is the unemployment rate dropping because people find jobs or because unemployed people leave the country ?sba loans





unemployment rate is droping because people stop qualifing for unemployment benifits after a certain time. They are stil unemployed



Is the unemployment rate dropping because people find jobs or because unemployed people leave the country ? loan



It%26#039;s because companies hire people from other countries. Microsoft and IBM hire engineers form India.|||R is dead wrong. The unemployment rate is simply the number of people actively looking for work divided by the total labor force (people working or actively looking for work). My source is the Bureau of Labor Statistics, to which I%26#039;ve linked to below. The method used is described here ftp://ftp.bls.gov/pub/news.release/jec.t... and is a combination of household surveys and business surveys.



The rate has gone down over the last 4 years because almost 7 million people have found work. The rate has gone up slightly lately because more people are entering or re-entering the labor force even though many people are finding work.|||Most of the unemployed are that way by choice. They either collect unemployment compensation or they%26#039;re already getting welfare or Social Security payments. The government can%26#039;t seem to get rid of all the food stamps every year.



Since the population of the US is steadily increasing, it can%26#039;t be that people are leaving the US for jobs overseas. The number of new jobs created in the last few years is almost 10 million. We%26#039;ve lost a few million factory jobs due to more efficient machinery. It%26#039;s a trade for a better economy that helps everyone and creates many times more new jobs.|||Unemployed people usually end up going to college or they start their own business in order to bring income.|||The US economy creates and destroys around 4 million jobs each and every quarter. The US economy is quite dynamic. Most states only keep track of those who have filed for unemployment benefits up until those benefits run out--then those people are no longer counted into any sort of statistic but not always. Plus, there%26#039;s several categories that the US dept. of Labor keeps track of so while the rate might be high in one area, like non-farm for example, it might be very low in another--so it really depends on which statistic you want to use.



So it comes down to which statistic you want to use--if there were no new jobs being created at all the rate would be very low just from people dying and moving out of the country. If there were mass layoffs in manufacturing the rate will go up but maybe there%26#039;s a boom in another industry like high tech jobs? For example right now my state, Michigan, is doing very poorly due to the ailing US auto industry. Move to another state and they are begging for workers.



So it all depends on many factors.

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