Is the rate based on new UIB (unemployment insurance) claims? Do they take into consideration the number of recipients who have exhausted their benefits, and thus wouldn't be filing a weekly claim? Who determines what is considered new job starts and how is that measured/verified?
2006-11-04 01:18:43 · 3 answers · asked by landlocked 2 in Politics & Government ➔ Government
Yes, it's based on UIB claims. If your claims are exhausted and you still don't have a job, the Government figures you weren't looking very hard, so they consider you to be no longer part of the work force. And if you're a PhD working at Wal-Mart, you're counted as being employed.
As far as the number of jobs created and lost is concerned, there's something called a "birth/death model" that simply guesses or assumes how many jobs must have been created, in a given period. Sometimes, the number of jobs assumed to have been created is so big that it turns what would have been a net job loss into a net job gain. The other part of that figure is based on a survey of employers.
2006-11-04 02:06:15 · answer #1 · answered by Larry Powers 3 · 0⤊ 0⤋
They get an accountant to count! Err that was the old days now they got a computer program that does it for them!
http://www.willyblues.com/
2006-11-04 09:23:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
they just make it up!
2006-11-04 09:21:50 · answer #3 · answered by INC0GNIT0 5 · 0⤊ 0⤋