Comments on: Unemployment Rate Hits a Nerve http://www.jibberjobber.com/blog/2007/07/06/unemployment-rate-hits-a-nerve/ advocacy for the job seeker Fri, 19 Mar 2010 20:17:00 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Jason Alba http://www.jibberjobber.com/blog/2007/07/06/unemployment-rate-hits-a-nerve/comment-page-1/#comment-57563 Jason Alba Mon, 09 Jul 2007 15:42:54 +0000 http://www.jibberjobber.com/blog/archives/744#comment-57563 <strong>@Carl </strong> - I'm not sure what the magical formula is (well, actually, HOW they actually get this data), there's really good info here: <a href="http://en.wikipedia.org/wiki/Unemployment_rate">http://en.wikipedia.org/wiki/Unemployment_rate</a> <strong>@Daniel </strong> - ah, interesting! Of course it would be broken into industries. I take it all with a grain of salt because (a) it's not going to be completely accurate (GIGO), and (b) as stated in these two posts, it just doesn't matter sometimes... if I'm the 1 out of 100 that can't get a job, then unemployment for me is... 100%! <strong>@Katie </strong> - yep - totally agree! College is a great experience and all that, but wow, it's different out here! @Carl – I’m not sure what the magical formula is (well, actually, HOW they actually get this data), there’s really good info here: http://en.wikipedia.org/wiki/Unemployment_rate

@Daniel – ah, interesting! Of course it would be broken into industries. I take it all with a grain of salt because (a) it’s not going to be completely accurate (GIGO), and (b) as stated in these two posts, it just doesn’t matter sometimes… if I’m the 1 out of 100 that can’t get a job, then unemployment for me is… 100%!

@Katie – yep – totally agree! College is a great experience and all that, but wow, it’s different out here!

]]> By: Katie Konrath http://www.jibberjobber.com/blog/2007/07/06/unemployment-rate-hits-a-nerve/comment-page-1/#comment-57557 Katie Konrath Mon, 09 Jul 2007 14:43:51 +0000 http://www.jibberjobber.com/blog/archives/744#comment-57557 Of course it's a lot more interesting now than in college! It's easy to speculate about the pros and cons of the unemployment rate on a theoretical level--but it's a much more touchy subject when you are one of the unemployed! Of course it’s a lot more interesting now than in college! It’s easy to speculate about the pros and cons of the unemployment rate on a theoretical level–but it’s a much more touchy subject when you are one of the unemployed!

]]> By: Daniel Sweet http://www.jibberjobber.com/blog/2007/07/06/unemployment-rate-hits-a-nerve/comment-page-1/#comment-57170 Daniel Sweet Sat, 07 Jul 2007 15:15:48 +0000 http://www.jibberjobber.com/blog/archives/744#comment-57170 The only employment / unemployment rate that means anything to a job seeker is broken down by industry and nearly impossible to find. You have to trust an industry association to collect the data and trust the data they present. However, even in the Great Depression, 75% of the people were employed. Dan The only employment / unemployment rate that means anything to a job seeker is broken down by industry and nearly impossible to find. You have to trust an industry association to collect the data and trust the data they present.

However, even in the Great Depression, 75% of the people were employed.

Dan

]]> By: Jason Alba http://www.jibberjobber.com/blog/2007/07/06/unemployment-rate-hits-a-nerve/comment-page-1/#comment-56955 Jason Alba Fri, 06 Jul 2007 16:37:22 +0000 http://www.jibberjobber.com/blog/archives/744#comment-56955 Carl, you're probably right... no matter how it is defined, it still doesn't capture stuff that I care about (although I'm sure it's really important to the economy). Carl, you’re probably right… no matter how it is defined, it still doesn’t capture stuff that I care about (although I’m sure it’s really important to the economy).

]]> By: Restaurant Jobs http://www.jibberjobber.com/blog/2007/07/06/unemployment-rate-hits-a-nerve/comment-page-1/#comment-56952 Restaurant Jobs Fri, 06 Jul 2007 16:18:44 +0000 http://www.jibberjobber.com/blog/archives/744#comment-56952 Good thing I'm involved in the restaurant business, where spelling and typos don't usually hurt one too much. ;-) Good thing I’m involved in the restaurant business, where spelling and typos don’t usually hurt one too much. ;-)

]]> By: Restaurant Jobs http://www.jibberjobber.com/blog/2007/07/06/unemployment-rate-hits-a-nerve/comment-page-1/#comment-56951 Restaurant Jobs Fri, 06 Jul 2007 16:16:29 +0000 http://www.jibberjobber.com/blog/archives/744#comment-56951 If I'm not mistaken, the unemployement rates is figured out in a mannner that has nothing whatsoever to do with how many people have field or are receiving UE benefits. As a measure, the rate measures what it measures, so it is mesauring the same thing during all phases of the economic cycle, and for all cycles over time. If I’m not mistaken, the unemployement rates is figured out in a mannner that has nothing whatsoever to do with how many people have field or are receiving UE benefits.

As a measure, the rate measures what it measures, so it is mesauring the same thing during all phases of the economic cycle, and for all cycles over time.

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