jakke

Feb 04 2011 ∞

 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.

8 notes

  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. jasencomstock said: I think they do something diffferent in the analysis, like the person has to prove they are still actively looking for work. at some point an assumption changes- “some say” unemployment is actually around 16% or so.
  4. jakke posted this
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