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A comment on Unemployment declining faster in states that are cutting off $300 benefits. Parent comment

Re:Unemployment declining faster in states that are cutting ... by mc32 on Monday June 28, 2021 @02:49PM (#27666008)
It appears to be the former:

"The number of individuals who received unemployment benefits decline[d] by 13.8% by the week ending June 12, compared to mid-May, in states where governors explicitly said that enhanced benefits would end in June, based on an analysis by Jefferies LLC economists."

and:

"In May, the Missouri's unemployment rate was 4.2%, below the national average of 5.8%, according to data from the Department of Labor.

Missouri ended enhanced federal benefits for unemployed state residents as of June 12, making it one of the first states to take the action."

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Re:Unemployment declining faster in states that are cutting ... by kadoban on Monday June 28, 2021 @03:17PM (#27666437)
Is a decline in the number of people who are receiveing unemployment benefits the same thing as an increase in the number returning to work? I don't actually think it is without more data to rule out other cases.
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Re:Unemployment declining faster in states that are cutting ... by riffraff on Monday June 28, 2021 @03:23PM (#27666533)
Employment rate is not "1-unemployment", there is a third component ("inactive" or something like that) so generally they're correlated but do not coincide.

I do not know the exact numbers for this.

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Re:Unemployment declining faster in states that are cutting ... by kadoban on Monday June 28, 2021 @04:53PM (#27667963)
Right, that's my understanding as well. There's actually _many_ different unemployment numbers, depending on what definition of employment vs not vs not even included that you want to use. The "unemployment number" without qualification we tend to use is (IMO) kind of crap, but we're stuck with it for tradition mostly as far as I can tell.

https://www.bls.gov/news.release/empsit.t15.htm seems to be the best resource I can find at the moment for the ones I'm thinking of, it doesn't really define them very exactly though. I'm sure they're defined _somewhere_.

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Re:Unemployment declining faster in states that are cutting ... by celticninja on Monday June 28, 2021 @03:17PM (#27666430)
That seems to be the latter not the former.
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