View Full Version : On Those Employment Stats
Kathianne
09-07-2013, 12:00 AM
One take. You see different?
http://charliefoxtrotblog.blogspot.com/2013/09/another-rube-bites-dust.html
9/06/2013 Another Rube Bites The Dust
Today's release of the latest employment figures was greeted with the normal cheerleading from journalistic titans like The Today Show, and The View....
But it also garnered scorn from the standard retinue of reality-based individuals who have the temerity to point out the obvious....the unemployment rate actually dropped because more people are not working.
As pointed out by Instapundit (http://pjmedia.com/instapundit/175533/), this growing cabal of racist naysayers of President Obama's heroic rescue of the American economy now includes the Washington Post....
THE BAD REVIEWS KEEP COMING IN — AND THAT’S JUST AT THE WAPO: The five worst things about this crummy jobs report. (http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/06/the-five-worst-things-about-this-crummy-jobs-report/?wprss=rss_social-postbusinessonly&Post+generic=%3Ftid%3Dsm_twitter_washingtonpost&clsrd) However this not just the WaPo, but the insufferable Ezra Klein. You just know Obama has jumped the shark when stalwart rubes like Klein refuse to toe the line...and then whip out charts and figures to cut the President's rosy economic agitprop off at the knees.
However, the best takedown of the recent "improvement" in unemployment is offered by @travesham (https://twitter.com/Travesham/status/375963038924304384) in under 140 characters:
Our drop from 8.1% unemployment to 7.3% is analogous to losing 20 pounds by cutting off a body part. And Obama will call it a dieting success!
Posted by Charlie Foxtrot (http://www.blogger.com/profile/02626849671304505177) at <a class="timestamp-link" href="http://charliefoxtrotblog.blogspot.com/2013/09/another-rube-bites-dust.html" rel="bookmark" title="permanent link"><abbr class="published" itemprop="datePublished" title="2013-09-06T21:40:00-04:00">9:40 PM</abbr>
Yes, the # of people that have dropped out of the workforce is at record highs. And a large majority of new jobs for many months has been only part time work. So the situation is much worse than the numbers say.
SassyLady
09-07-2013, 02:06 AM
I think the best number to pay attention to is how many people that rode out the two years of unemployment are actually working now. Has the pace of foreclosures declined due to people finally being able to pay their mortgage payment? Also, how much money is actually coming in to fill the tax coffers? If people aren't working then money isn't coming in no matter how many "new" jobs are created.
Gaffer
09-07-2013, 06:25 AM
How many part timers are able to draw unemployment?
Kathianne
09-07-2013, 07:21 AM
How many part timers are able to draw unemployment?
To the best of my knowledge, one cannot collect unemployment off a part-time job. Now if you're asking if someone on unemployment can also work part-time? That would be a 'yes,' up to a point and with qualifications. It's also how I managed to only collect 4 months of unemployment after many years of work. It seems there is a 'special provision' for teachers. Since I went to subbing after the summer I was RIF'd, I was making too much to keep collecting. Fine, that is what I wanted.
When Christmas came, two weeks off was too long. I went to unemployment and asked how vacations worked? Actually I had brought this up when I was going to start subbing and found the point at which I was making 'too much.' I was told then that it would be considered 'as a day-to-day' position or contract work. Ended up that wasn't so, that educators cannot receive unemployment for times that school isn't in session. Makes sense if actually teaching, the salaries are for the year, not for day to day. That's not true though of subs. We work or don't get paid.
Gaffer
09-07-2013, 08:10 AM
I'm thinking in terms of how many people have taken or been reduced to part time jobs. And then if laid off or have to quit can't go on the unemployment roles. Seems this would have a major effect on the unemployment statistics that can't be factored in.
Like you Kath, the contract people don't get counted in these statistics. And in many cases they don't qualify for assistance. I think the true unemployment numbers are radically higher than are reported.
tailfins
09-07-2013, 08:26 AM
To the best of my knowledge, one cannot collect unemployment off a part-time job. Now if you're asking if someone on unemployment can also work part-time? That would be a 'yes,' up to a point and with qualifications. It's also how I managed to only collect 4 months of unemployment after many years of work. It seems there is a 'special provision' for teachers. Since I went to subbing after the summer I was RIF'd, I was making too much to keep collecting. Fine, that is what I wanted.
When Christmas came, two weeks off was too long. I went to unemployment and asked how vacations worked? Actually I had brought this up when I was going to start subbing and found the point at which I was making 'too much.' I was told then that it would be considered 'as a day-to-day' position or contract work. Ended up that wasn't so, that educators cannot receive unemployment for times that school isn't in session. Makes sense if actually teaching, the salaries are for the year, not for day to day. That's not true though of subs. We work or don't get paid.
In Massachusetts you can. If you're receiving the max benefit of $674 per week (plus $25 for each dependent), you can earn $224 per week before it reduces your benefits. After that it's a dollar-for-dollar reduction. If you earn $500 in a claim week, your benefits for that week would be $398. If you have wages from another state, it is highly recommended to find a temp job in MA. If you have even one dollar of Massachusetts wages, you can file a combined wages claim with all wages nationwide counting as a Massachusetts claim and get the most generous benefits in the nation.
As far as collecting off the wages from a part time job, you get 36% of your annual wages as your claim funding. For example, if work 20 hours per week at $60 per hour 20x60x50 = $60,000, so your claim funding would be $21.600. However, it won't me more than that because the cap is $21,600.
Teachers are not considered unemployed during the summer as follows:
Reasonable Assurance
If you are under contract for the following school year, then you cannot collect unemployment as you do not meet the definition of unemployed. If, however, you were laid off, or your contract was not renewed and you do not have reasonable assurance that you will be employed when the new school year begins, then you may qualify for unemployment benefits. You must, however, be actively looking for employment, even if you are hopeful that your contract will eventually be renewed for the next year.
Read more: http://www.ehow.com/info_8717135_can-collect-unemployment-massachusetts-teacher.html#ixzz2eDGLkzGz
Truth Detector
09-07-2013, 10:20 AM
One take. You see different?
http://charliefoxtrotblog.blogspot.com/2013/09/another-rube-bites-dust.html
You left off another important component to this report; Julys job figures were significantly revised downward to 104,000.
Every month they revise downward the last two months claims which is a constant reminder of the politics behind these Government figures and media efforts; this week the headline would be that 165,000 new jobs were created. What will be on page 14 next month was the downward revision.
What is also missing is the reality that more individuals are dropping OUT of the work force than found work.
This anemic recovery would be a disaster for any President; except for The One. The sheeple still see him as an outsider. Probably because you are more likely to find him golfing or campaigning than actually working in his office.
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