Unemployment, Part II

The official unemployment rate (U3) used by the U.S. Bureau of Labor Statistics (BLS) is not based on the number of people collecting unemployment benefits. It is based on a monthly national survey of 60,000 households. U3 includes individuals who do not have a job, have actively looked for a job in the last four […]

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The Unemployed?

Preliminary data from the Bureau of Labor Statistics reports that the official seasonally adjusted unemployment rate in March in Wisconsin fell slightly from 6.9 to 6.8 percent. What does the official unemployment rate include? A. All people eligible for unemployment benefits B. All people who are unemployed regardless of whether they are eligible for unemployment […]

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Number of jobs & unemployment rate fall?

According to the Bureau of Labor Statistics (BLS), Wisconsin lost 22,300 jobs between February 2011 and February 2012. The BLS also reports that the official unemployment rate in Wisconsin improved from a seasonally adjusted 7.6 percent to 6.9 percent during the same period. How can the unemployment rate and the number of jobs both decline? […]

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Manufacturing Jobs

Last week, we used Shift Share analysis (see answer to last week’s quiz below) to demonstrate that the state of the Wisconsin economy very much mirrors the state of the U.S. economy. Shift-share is a traditional economic analysis tool that provides a measure of the impact of the U.S. economy on employment in Wisconsin. This […]

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150,000 Jobs Lost In Wisconsin – Why?

Recently, there has been a lot of discussion and debate over who and what is responsible for job growth and loss in Wisconsin. Shift Share, a traditional economic analysis tool, can help us understand the major factors contributing to employment growth or loss in a region. Shift-share allocates changes in employment to three factors: 1) […]

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Restating the Unemployment Rate

The official unemployment rate (U-3) in Wisconsin in September was 7.8 percent. U-3 includes those people who do not have a job, are available for work, and have actively looked for work in the last four weeks. A broader measure (U-6) includes those people who want work and are available for work, but are discouraged […]

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