Because unemployment insurance records relate only to people who have applied for such benefits, and since it is impractical to count every unemployed person each month, the government conducts a monthly survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country. The CPS has been conducted in the United States every month since 1940, when it began as a Work Projects Administration program. In 1942, the U.S. Census Bureau took over responsibility for the CPS. The survey has been expanded and modified several times since then. In 1994, for instance, the CPS underwent a major redesign in order to computerize the interview process as well as to obtain more comprehensive and relevant information.
I would respectfully suggest that we get back to unemployment.
Where have all the flowers gone? American families hoped to emerge a long time ago from the bleakness of the Great Recession that began in 2008. Only a minority has, and it’s important we understand who they are and how they escaped into the sunlit uplands of the once-upon-a-time American dream. For the great bulk of the population, the recovery is a mirage. They tell pollsters they are fed up with their economic life and most have no confidence things will improve.
Are they malcontents? Why so glum, when the total number of jobs has finally returned to pre-recession levels? What more do they want? Well, how about halfway decent pay for a half-day’s work, because that is what’s mostly available. According to the Bureau of Labor Statistics, the number of full-time jobs last month was still 2.3 million below where it was back at its peak in 2007. Here’s another harsh fact that justifies the gloom: The positions now being created have pay levels that are 23 percent lower than the jobs that have disappeared, according to an August study by the U.S. Conference of Mayors and IHS Global Insight. Quite simply, in many cases low-wage and often part-time jobs are replacing high-wage full-time jobs in sectors like technology, manufacturing, and construction.
The only option open to governments is to increase the minimum wage
The only option open to governments is to increase the minimum wage. The greed of company CEO's and officers don't care about their workers who contribute to the success of their company. Those same CEO's and officers get stock options worth millions that should be shared with all the employees who make the company a success.
IF and when that changes, the economy of this country will explode; everybody will benefit.
I don't think they will have success in repealing the Obamacare but the Republicans will make it so bad in other areas there just might be a revolution by the American people which will be a good thing!
I agree with you totally! If the GOP take over the senate the US will be in a free-fall.
The economy of this country is going to explode if a very small segment of the work force has their hourly wage increased?
So you join CI in believing that increasing the minimum wage will result in an economic boom.
FACT: Most states and cities that have implemented minimum wage laws have seen growth in their economies, and a reduction in their unemployment rates.
How do you reconcile those facts with your personal opinions?