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Home Repair (alt.home.repair) For all homeowners and DIYers with many experienced tradesmen. Solve your toughest home fix-it problems. |
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#1
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OT Why report the number of new applications for unemployment insurance
OT Why does the press routinely report the number of new applications
for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. OTOH what matters is the total number of people collecting unemployment. That's the measure of how many are unemployed. Say the number of applications for unemployment drops 50% from the previous week, or 90%. So what, if 90+% of those who were unemployed last week still are. |
#2
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OT Why report the number of new applications for unemployment insurance
micky wrote
OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? Mine doesn't, but its one bit of data on the state of the economy. It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. But is dominated by the state of the economy when its not a pandemic. Therefore it can go up or down without meaning anything. It does mean something about the state of the economy for the country as a whole absent policy changes. OTOH what matters is the total number of people collecting unemployment. That's the measure of how many are unemployed. Trouble is that it includes those who choose not to work and out their hand out to the state for benefits instead. And the other problem is that plenty don't need to collect unemployment when they are unemployed. Say the number of applications for unemployment drops 50% from the previous week, or 90%. So what, if 90+% of those who were unemployed last week still are. They also list the total receiving unemployment and the total unemployed, separately. |
#3
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OT Why report the number of new applications for unemployment insurance
On Friday, May 7, 2021 at 2:11:23 PM UTC-4, micky wrote:
OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. If you graph those numbers, they can show a trend even if there's some jitter in the data. Cindy Hamilton |
#4
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Lonely Obnoxious Cantankerous Auto-contradicting Senile Ozzie Troll Alert!
On Sat, 8 May 2021 04:54:42 +1000, cantankerous trolling geezer Rodent
Speed, the auto-contradicting senile sociopath, blabbered, again: FLUSH the trolling senile asshole's latest troll**** unread |
#5
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OT Why report the number of new applications for unemployment insurance
In alt.home.repair, on Fri, 7 May 2021 12:28:30 -0700 (PDT),
" wrote: On Friday, May 7, 2021 at 2:11:23 PM UTC-4, micky wrote: OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. If you graph those numbers, they can show a trend even if there's some jitter in the data. Cindy Hamilton But don't they know the total number getting unemployment and if they reported that it would be a better measure, both on a graph or without a graph. |
#6
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OT Why report the number of new applications for unemploymentinsurance
On 5/7/2021 12:55 PM, micky wrote:
In alt.home.repair, on Fri, 7 May 2021 12:28:30 -0700 (PDT), " wrote: On Friday, May 7, 2021 at 2:11:23 PM UTC-4, micky wrote: OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. If you graph those numbers, they can show a trend even if there's some jitter in the data. Cindy Hamilton But don't they know the total number getting unemployment and if they reported that it would be a better measure, both on a graph or without a graph. New applications lead actual unemployment numbers, and includes people not accepted for unemployment for various reasons. And, they do report unemployment numbers. |
#7
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OT Why report the number of new applications for unemployment insurance
On Friday, May 7, 2021 at 4:15:42 PM UTC-4, Bob F wrote:
On 5/7/2021 12:55 PM, micky wrote: In alt.home.repair, on Fri, 7 May 2021 12:28:30 -0700 (PDT), " wrote: On Friday, May 7, 2021 at 2:11:23 PM UTC-4, micky wrote: OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. If you graph those numbers, they can show a trend even if there's some jitter in the data. Cindy Hamilton But don't they know the total number getting unemployment and if they reported that it would be a better measure, both on a graph or without a graph. New applications lead actual unemployment numbers, and includes people not accepted for unemployment for various reasons. And, they do report unemployment numbers. +1 The total number receiving unemployment is also affected not only by new applications, but also by people leaving because they found work or they gave up looking. So new applications is the best indicator of how many just lost their jobs. The numbers for the whole country taken together are not random either. It's looked at as one important indicator, by investors, business economists, the FED, etc |
#8
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OT Why report the number of new applications for unemployment insurance
"micky" wrote in message ... In alt.home.repair, on Fri, 7 May 2021 12:28:30 -0700 (PDT), " wrote: On Friday, May 7, 2021 at 2:11:23 PM UTC-4, micky wrote: OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. If you graph those numbers, they can show a trend even if there's some jitter in the data. But don't they know the total number getting unemployment Yes they do. and if they reported that The govt does. The media doesn't bother to report that. it would be a better measure, both on a graph or without a graph. In fact the best is all 3 numbers, including the number looking for work but who arent getting unemployment and that is reported too. |
#9
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Lonely Obnoxious Cantankerous Auto-contradicting Senile Ozzie Troll Alert!
On Sat, 8 May 2021 10:04:34 +1000, cantankerous trolling geezer Rodent
Speed, the auto-contradicting senile sociopath, blabbered, again: FLUSH the trolling senile asshole's latest troll**** unread -- Website (from 2007) dedicated to the 86-year-old senile Australian cretin's pathological trolling: https://www.pcreview.co.uk/threads/r...d-faq.2973853/ |
#10
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OT Why report the number of new applications for unemployment insurance
On Friday, May 7, 2021 at 3:55:13 PM UTC-4, micky wrote:
In alt.home.repair, on Fri, 7 May 2021 12:28:30 -0700 (PDT), " wrote: On Friday, May 7, 2021 at 2:11:23 PM UTC-4, micky wrote: OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. If you graph those numbers, they can show a trend even if there's some jitter in the data. Cindy Hamilton But don't they know the total number getting unemployment and if they reported that it would be a better measure, both on a graph or without a graph. Labor dept reports that number too. |
#11
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OT Why report the number of new applications for unemployment insurance
In alt.home.repair, on Fri, 7 May 2021 14:08:57 -0700 (PDT), trader_4
wrote: On Friday, May 7, 2021 at 4:15:42 PM UTC-4, Bob F wrote: On 5/7/2021 12:55 PM, micky wrote: In alt.home.repair, on Fri, 7 May 2021 12:28:30 -0700 (PDT), " wrote: On Friday, May 7, 2021 at 2:11:23 PM UTC-4, micky wrote: OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. If you graph those numbers, they can show a trend even if there's some jitter in the data. Cindy Hamilton But don't they know the total number getting unemployment and if they reported that it would be a better measure, both on a graph or without a graph. New applications lead actual unemployment numbers, and includes people not accepted for unemployment for various reasons. And, they do report unemployment numbers. +1 The total number receiving unemployment is also affected not only by new applications, but also by people leaving because they found work or they gave up looking. So new applications is the best indicator of how many just lost their jobs. The numbers for the whole country taken together are not random either. It's looked at as one important indicator, by investors, business economists, the FED, etc I'm not convinced, but I'm pleased that you all have answers to the question. |
#12
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OT Why report the number of new applications for unemployment insurance
In alt.home.repair, on Sat, 8 May 2021 05:05:40 -0700 (PDT), trader_4
wrote: On Friday, May 7, 2021 at 3:55:13 PM UTC-4, micky wrote: In alt.home.repair, on Fri, 7 May 2021 12:28:30 -0700 (PDT), " wrote: On Friday, May 7, 2021 at 2:11:23 PM UTC-4, micky wrote: OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. If you graph those numbers, they can show a trend even if there's some jitter in the data. Cindy Hamilton But don't they know the total number getting unemployment and if they reported that it would be a better measure, both on a graph or without a graph. Labor dept reports that number too. Then for some strange reason, the radio never reports it, only the number of new cases. Of course the Labor dept. should report both. I wonder which they consider more important. |
#13
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OT Why report the number of new applications for unemploymentinsurance
On 5/8/2021 8:53 AM, micky wrote:
In alt.home.repair, on Sat, 8 May 2021 05:05:40 -0700 (PDT), trader_4 wrote: On Friday, May 7, 2021 at 3:55:13 PM UTC-4, micky wrote: In alt.home.repair, on Fri, 7 May 2021 12:28:30 -0700 (PDT), " wrote: On Friday, May 7, 2021 at 2:11:23 PM UTC-4, micky wrote: OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. If you graph those numbers, they can show a trend even if there's some jitter in the data. Cindy Hamilton But don't they know the total number getting unemployment and if they reported that it would be a better measure, both on a graph or without a graph. Labor dept reports that number too. Then for some strange reason, the radio never reports it, only the number of new cases. Just like the radio always reports the Dow is down X points, but never tells you what the actual value is. Of course the Labor dept. should report both. I wonder which they consider more important. |
#14
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OT Why report the number of new applications for unemployment insurance
In alt.home.repair, on Sat, 8 May 2021 09:22:29 -0700, Bob F
wrote: On 5/8/2021 8:53 AM, micky wrote: In alt.home.repair, on Sat, 8 May 2021 05:05:40 -0700 (PDT), trader_4 wrote: On Friday, May 7, 2021 at 3:55:13 PM UTC-4, micky wrote: In alt.home.repair, on Fri, 7 May 2021 12:28:30 -0700 (PDT), " wrote: On Friday, May 7, 2021 at 2:11:23 PM UTC-4, micky wrote: OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. If you graph those numbers, they can show a trend even if there's some jitter in the data. Cindy Hamilton But don't they know the total number getting unemployment and if they reported that it would be a better measure, both on a graph or without a graph. Labor dept reports that number too. Then for some strange reason, the radio never reports it, only the number of new cases. Just like the radio always reports the Dow is down X points, but never tells you what the actual value is. I've wondered about the DJ reports too. Of course they woudl be on Bloomberg Radio, or Wall Street Week, but they include this in the regular news on regular radio. Are there really that many listeners who care about average stock prices? If they hear it dropped a lot, will they rush to sell before it goes down more, or rush to buy to make a profit? They still won't know which stock has gone down. I thoughty potential investors might watch one or two stocks, and maybe buy when the price dips. Or sell when it's comparitively high, but I can't imagine how the DJ report on the radio news helps them do anything, plus how many people are actively involved in the stock market anyhow? They report high percentages but clarify that that's only because they have pension funds that buy stocks. Of course the Labor dept. should report both. I wonder which they consider more important. |
#15
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OT Why report the number of new applications for unemployment insurance
"micky" wrote in message ... In alt.home.repair, on Sat, 8 May 2021 05:05:40 -0700 (PDT), trader_4 wrote: On Friday, May 7, 2021 at 3:55:13 PM UTC-4, micky wrote: In alt.home.repair, on Fri, 7 May 2021 12:28:30 -0700 (PDT), " wrote: On Friday, May 7, 2021 at 2:11:23 PM UTC-4, micky wrote: OT Why does the press routinely report the number of new applications for unemployment insurance for the week (or the day?), and whether the number has gone up or down? It seems to me that the number of NEW cases in any period is almost random, depending on when employers decide they have to lay people off, and that's influenced by a dozen factors. Therefore it can go up or down without meaning anything. If you graph those numbers, they can show a trend even if there's some jitter in the data. Cindy Hamilton But don't they know the total number getting unemployment and if they reported that it would be a better measure, both on a graph or without a graph. Labor dept reports that number too. Then for some strange reason, the radio never reports it, only the number of new cases. Not really a strange reason. If they reported all the official stats every day or week, it would be like the real Pravda. They have chosen to be selective and in the case of that radio have made a stupid choice. Listen to a better one. Of course the Labor dept. should report both. I wonder which they consider more important. They don't, they list them all. |
#16
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Lonely Obnoxious Cantankerous Auto-contradicting Senile Ozzie Troll Alert!
On Sun, 9 May 2021 03:08:45 +1000, cantankerous trolling geezer Rodent
Speed, the auto-contradicting senile sociopath, blabbered, again: FLUSH the trolling senile asshole's latest troll**** unread -- "Who or What is Rod Speed? Rod Speed is an entirely modern phenomenon. Essentially, Rod Speed is an insecure and worthless individual who has discovered he can enhance his own self-esteem in his own eyes by playing "the big, hard man" on the InterNet." https://www.pcreview.co.uk/threads/r...d-faq.2973853/ |
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