Untrue, have a little more confidence in career statisticians.
> Some people think that to get these figures on unemployment, the government uses the number of people collecting unemployment insurance (UI) benefits under state or federal government programs.
> But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits. So, quite clearly, UI information cannot be used as a source for complete information on the number of unemployed.
This is as believable as the claim that food inflation over the past year was 0.3%. Apparently, there's no need to even bother to make the lies believable anymore.
A point that bears repeating is that once your unemployment benefits run out, you no longer factor into the count of the unemployed.
Untrue, have a little more confidence in career statisticians.
> Some people think that to get these figures on unemployment, the government uses the number of people collecting unemployment insurance (UI) benefits under state or federal government programs.
> But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits. So, quite clearly, UI information cannot be used as a source for complete information on the number of unemployed.
-- https://www.bls.gov/cps/cps_htgm.htm#where
The continued explanation for how they account for it is in the link.
This is as believable as the claim that food inflation over the past year was 0.3%. Apparently, there's no need to even bother to make the lies believable anymore.
The article says IT unemployment is "its lowest since November 2023."
That's not two years. It's 14 months.