[PRCo] Re: Lease back financing

[Schneider Fred]

Absolutely not.   Definition of unemployment is "without a job during  
the survey week that includes the 12th day of the month and having  
looked for work within the prior 30 days."   If the person during the  
interview said they had not looked for work, they are tabulated as  
"out of the labor force."

You can be laid off from Sony and be drawing unemployment benefits  
but if you have not looked for work, you are not considered unemployed.

Conversely, people whose unemployment benefits run out and who look  
for work are enumerated in the household survey as unemployed.

The unemployment estimates in the United States are adjusted to to  
the household survey estimate.

Unfortunately, like National City Lines, the definition of  
unemployment is what people want to believe it is.   It is commonly  
distorted because people want to believe we count only the  
unemployed.      On occasion, Dennis, in specific state reports or  
buried deeply in U. S. Bureau of Labor Statistics reports, you may  
find a number called "U. C. Covered Unemployment Rate" and that is  
only the percentage of people out of the labor force drawing  
unemployment.   It is always lower than the total unemployment  
because it does not include new entrants and reentrants in to the  
labor force nor does it include persons who have exhausted benefits  
nor does it include Railroad Retirement insured.

On Dec 14, 2008, at 7:56 AM, Dennis F. Cramer wrote:

> Do unemployment figures tell the whole story?  Am I correct in  
> thinking they
> only disclose the number of persons receiving unemployment once  
> that runs
> out, they are no longer classified as unemployed?
>
> I agree with John, that no matter where I have been (Delaware,  
> Washington,
> Allegheny, Butler & Armstrong Counties in PA and Wilmington, DE)  
> over the
> past month, the crowds are large and the cash registers buzzing.   
> Even when
> they do have enough employees to cover them.
>
> People who are working still have disposable income and the credit  
> cards
> keep them buying even if they do not have the disposable income.   
> This is
> what got us into this mess in the first place.  People living  
> beyond their
> means.
>
> I guess I grew up understanding what it was like to go without and  
> to always
> save for a rainy day.  We never knew when the coal mine was going  
> to go to 3
> days a week or some guy would get pissed off, dump his water, and  
> create a
> strike.
>
>
> Dennis F. Cramer
>       Trombone
>
>
>
>