posted on Mar, 19 2004 @ 02:31 PM
Another thought on this.
Unemployement numbers are based on those looking to gain benefits, hence it is a percentage of population current getting or asking for benefits.
This only works for a while. What it is not reporting is the huge number of people who have now been unemployed so long they are not eligible for
benefits, therefore they don't fall into the numbers reported any longer. Had this discussion with someone that works in our state employement
agency, he said it was a known issue and in the past most people went back to work after their 6 weeks or so. Now it is a different story.