Remember When We Used to Look Forward to Fridays?

[Audacity]

Now, we wonder whether it's the day we'll be handed our walking papers.

[jhans24]

Nope, still look forward to Friday. Maybe you need to think of it as either a weekend or possibly an extended weekend.

[Spike]

Originally Posted by Audacity

Now, we wonder whether it's the day we'll be handed our walking papers.

Unemployment is now around 7%. That means if you want to work, you have about a 93% chance of being employed.

The job market gets an A.

[Kace]

I still look forward to Friday.

[rootboyslim]

Many companies won't throw the axe on a Friday. I know mine is one of them so when Friday gets here I know I have another day.

Of course, the policy can always change.

[Pro]

Originally Posted by Spike

Unemployment is now around 7%.

It is actually closer to 10%. The Labor Department doesn't take into consideration those people who's benefits have expired, not filed or have been rejected for benefits. Including recent graduates who cannot find a job.

[Ralphie the buffalo]

Originally Posted by Pro

It is actually closer to 10%.

Can you prove that?
No.
You can only go by the official numbers.
They use a consistant formula and therefore we use them as a measure.

[Pro]

Originally Posted by Ralphie the buffalo

Can you prove that?
No.
You can only go by the official numbers.
They use a consistant formula and therefore we use them as a measure.

Nonsense.

People who aren't eligible for unemployement benefits dont matter?

[Ralphie the buffalo]

Originally Posted by Pro

People who aren't eligible for unemployement benefits dont matter?

Not for statistical purposes.

[Pro]

Originally Posted by Ralphie the buffalo

Not for statistical purposes.

Well, I'm sure they'll be glad to hear that...it'll make them feel so much better when they have nothing coming it and can't find a job.

[Rambunctious]

Originally Posted by Pro

It is actually closer to 10%. The Labor Department doesn't take into consideration those people who's benefits have expired, not filed or have been rejected for benefits. Including recent graduates who cannot find a job.

I will give you your extra 3% if you agree that at least 3% of the now 10% don't want to and aren't trying to work and should therefore not be counted.

[News Is Broken]

I don't understand looking forward to FRIDAY. Who freaking cares about FRIDAY - I still have to get up early, schlep my way to work with the rest of you clods, sit in my carpet lined cell and further callous my carpal tunnels for 8 hours, then schlep my way back home (with the rest of you clods) listening to more commercials than music on the local rock station. It's no better than any other farking workday!

Now Saturday morning... that's what I look forward to. Waking up refreshed, at my leisure, knowing that besides whatever busywork Mrs. Broken has accumulated for me to distract me while she goes shopping and wastes our money, I don't have jack squat to do that day and can go to bed as late as I want without having to worry about the alarm clock. That, my friends, is my favorite day of the week.

[Ralphie the buffalo]

Originally Posted by Pro

Well, I'm sure they'll be glad to hear that...it'll make them feel so much better when they have nothing coming it and can't find a job.

This isn't about emotions or suffering.
This is a about the statistical methodology for making the government's best guess at the unemployment rate.
The formula is what it is.
If you can suggest a better way of estimating the unemploment rate feel free to contact the Dept of Labor and don't waste it upon us here.

[Sigonfile]

I think it's coming real soon at our workplace. A delivery truck just unloaded a bunch of 24x24 moving boxes in the rear of the station. Emloyees with last names "A thru H" are to pick up 2 boxes before 3pm.

[Pro]

Originally Posted by Ralphie the buffalo

If you can suggest a better way of estimating the unemploment rate feel free to contact the Dept of Labor and don't waste it upon us here.

Every time that figure is mentioned, the media points out the underreporting of the truly unemployed.

But some people just don't care, I suppose. Let em eat cake.

[Dap]

Originally Posted by Pro

It is actually closer to 10%. The Labor Department doesn't take into consideration those people who's benefits have expired, not filed or have been rejected for benefits. Including recent graduates who cannot find a job.

Part-timers ineligible for unemployment also aren't counted, nor are business owners who went out of business, students looking for work or former stay at home spouses. The numbers while somewhat useful don't give the whole picture.

In our little strip here, we've lost a florist, a dog groomer, and the dry cleaner is finished on Monday. Don't dally picking up your cleaning, yeah?

[Pro]

Originally Posted by Dap

Part-timers ineligible for unemployment also aren't counted, nor are business owners who went out of business, students looking for work or former stay at home spouses. The numbers while somewhat useful don't give the whole picture.

Thank you.

[Delta Dawn]

Originally Posted by Rambunctious

I will give you your extra 3% if you agree that at least 3% of the now 10% don't want to and aren't trying to work and should therefore not be counted.

What's the difference? Unemployed is unemployed.

I'll be you that 60% of the people who are employed aren't actually working.

[Spike]

Originally Posted by Pro

It is actually closer to 10%. The Labor Department doesn't take into consideration those people who's benefits have expired, not filed or have been rejected for benefits. Including recent graduates who cannot find a job.

WRONG!

I don't understand why people insist on perpetuating that myth. The Bureau of Labor Statistics calculates the unemployment rate based on the monthly Current Population Survey, in which they call a random sample of Americans and ask them questions. They do not base their calculation on filings for unemployment benefits. They do not even consider unemployment filings. They don't care if you have filed for unemployment, and they don't ask about it in the surveys.

The unemployment rate is based on a few simple ideas:

If you want to work and are not working, you are unemployed.

If you want to work and ARE working, you are NOT unemployed.

If you don't want to work (for instance you're a student, or a stay at home mom, or retired) and are not working, you are NOT unemployed.

The unemployment rate is determined by calling a random sample of Americans and asking them a few questions to determine whether they want to work and whether they are working. The percentage that responds to the survey in a manner that suggests they are unemployed is the unemployment rate.

The CPS is subject to certain biases. It doesn't take into account underemployment, where someone who wants to work full time only has a part time job. That person would not be considered unemployed. It also suffers from the possible bias of respondents who aren't truthful about their situation, for instance saying they don't really want to work when they do, or lying about their employment status. That error is believed to be relatively small.

[News Is Broken]

Thank you Spike, for clearing this up.

We have another thread that needs your attention, if you'd be so inclined as to oblige.

[Ralphie the buffalo]

Originally Posted by Spike

I don't understand why people insist on perpetuating that myth.

Because it fits in with the goals of their agenda?
Just a guess.

Why do you like to spread mistruths like this Pro?

[Cobra Commander]

We find it's always better to fire people on a Friday. Studies have statistically shown that there's less chance of an incident if you do it at the end of the week.

[newz2me]

Jack Bauer likes Fridays...

It means the end of a very long week!

[The Thrill]

Andy Kaufman and Michael Richards used to look forward to "Fridays."

[rootboyslim]

HEY HEY HEY where are pro and Dap. Where are they as well when they don't include those people who are consultants or new business owners when the new jobs created are counted? Ralphie is right, it does not fit into their agenda.

All I know is, if Spike is correct, this was one major pooning!