jakke

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 jasencomstock replied to your quote: My first question is where are all the workers…

I think after 99 weeks a person isn’t considered looking for employment anymore, so they are not considered actively unemployed.

That might be the cutoff for benefit eligibility (not sure how this works in the US), but as far as the US BLS is concerned, unemployment can last as long as you’re looking. The breakdown goes up to five years, beyond which there’s just a category for five years or more.

  • 1 year ago
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8 Notes/ Hide

  1. cnjspeaks reblogged this from jakke and added:
    Well, from a practical standpoint, things...diverge. I think most people, after their...
  2. jakke reblogged this from cnjspeaks and added:
    Duly noted. So the decline in the labour market participation rate isn’t an artifact of long-term unemployed people...
  3. cnjspeaks reblogged this from jakke and added:
    It sounds like this person misinterpreted the BLS....This is incorrect. The people are...
  4. librarianpirate liked this
  5. jasencomstock liked this
  6. jakke posted this
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Economics grad student, worrying too much about economics, math, and policy. Very much Canadian, living in by far the best corner of the country. Friend of Dorothy, if you get my drift. Distinct appreciation for rye, sushi, and beaches. Expect plenty of graphs, feelings, and stochastic optimization.

Please don't take any financial advice I give here seriously. I am a stranger off the Internet, and I have a proven track record of horrible financial advice. (Not kidding - I can get you testimony, if you like.) Also any opinions I express are only my own and don't represent anyone who is or has employed me.

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