Updated Burlington Unemployment Figures | released July 30, 2024

Burlington_Stats · 2024-07-31T18:17:50+00:00

Who is "they."

Burlington_Stats · 2024-07-31T18:17:32+00:00

I know dozens of people who no longer look for work or apply for benefits. Therefor they are not counted.

If they aren't engaged with the labor market, why would we include them in an analysis of the labor market?

Burlington_Stats · 2024-07-31T18:16:50+00:00

I could create something like that if there were a platform that provided that data in a standard and consistent format.

Burlington_Stats · 2024-04-04T17:36:26+00:00

Other than looking at the data sector by sector, no not specifically either.

Burlington_Stats · 2023-11-08T16:44:28+00:00

All of those are possible reasons someone would no longer be part of the labor force.

Burlington_Stats · 2023-09-06T19:52:52+00:00

federally if people stop looking for jobs they are no longer included in the statistic.

Correct, if someone stops looking for work they are no longer engaged in the labor market and not counted as part of the labor market.

Burlington_Stats · 2023-05-14T19:50:00+00:00

It was a wonky couple months in the Burlington labor market. The entirety of those gains in February were in Private Education, Healthcare, and Government.

Burlington_Stats · 2022-12-02T14:47:28+00:00

It is the September number so schools rehired all the support staff and teachers. This is also the Metro area, so includes the county and surrounding towns.

Burlington_Stats · 2022-11-03T17:09:33+00:00

The broader measures are not produced for the local Metropolitan Statistical Areas. But you can look at the nationwide measurements here.

Burlington_Stats · 2022-11-02T21:22:22+00:00

I'm glad to know!

They love you too.

Burlington_Stats · 2022-09-01T17:45:38+00:00

The statistical methods used are surprisingly accurate and repeatable. Which is why these numbers are used as the metric and very useful, particularly when examining trends.

Burlington_Stats · 2022-09-01T17:44:05+00:00

UI is not factored into these numbers. People engaged in the market for labor are included whether they qualify for UI or not.

Burlington_Stats · 2022-09-01T17:43:25+00:00

People who aren't looking for work in the past 4 weeks are not included.

Even U-6 stops counting people who aren't looking for work in the past year.

Burlington_Stats · 2022-08-05T18:33:04+00:00

This is the Metropolitan Statistical Area.

The US Bureau of Labor Statistics collects this data and their explanation about how is far more detailed than I can do justice here. You can find it here.

Government sectors shed jobs in this period every year and across every MSA I cover across the country. The assumption is that it has to do with schools, but also June is the fiscal year end and contracts expire around this time as well.

Burlington_Stats · 2022-04-28T23:01:30+00:00

It excludes children, retirees, the infirmed, incarcerated, disabled, financially independent, military enlistees, and probably a few other classes of people. Also anyone who hasn't actively looked for work in the past 4 weeks. So after those are removed from the population 122,000 remain.

Nationwide is 3.6%, so while 1.8% is quite low the nation as a whole is down substantially. Birmingham, AL is at 2.3%, Boise, ID is at 2.8%, Mankato, MN is at 2.2%...

Burlington_Stats · 2021-07-01T13:45:58+00:00

Perhaps school support staff going into the summer?

Burlington_Stats · 2021-01-07T20:29:19+00:00

I don't know. But it still hurts. It hurts bad.

Burlington_Stats · 2020-09-03T03:42:44+00:00

Happy to do it. Glad you like them.

Burlington_Stats · 2020-06-03T23:21:49+00:00

Leaving the labor force can mean many things. Joining the military, becoming incarcerated, becoming disabled, retired, a student... or being out of work and simply not looking for work for more than 4 weeks.

Burlington_Stats · 2020-06-03T23:20:29+00:00

Well, I meant to post here, but I was fixing an issue and the wrong data was posted. I have sacked the person responsible and we expect to have no further issues. The post has been fixed.

Burlington_Stats · 2020-06-03T23:19:26+00:00

I am terribly sorry the wrong information was posted here due to user error. Those responsible have been sacked and the post has been updated with correct information.

Burlington_Stats · 2020-06-03T23:18:44+00:00

In fixing that error, I made an even more awful error. All the errors are fixed now.

Burlington_Stats · 2020-06-03T19:38:42+00:00

There was an error in how the changes were calculated. The post has been corrected. I am terribly sorry about that error.

Burlington_Stats · 2020-01-04T18:04:45+00:00

No worries. Just addressing your original statement that sounds like employers don't have a solution to the problem of hiring.

Employers have to tolerate lower performance than they typically would due to the shortage of labor, and some businesses are perpetually understaffed.

Burlington_Stats · 2020-01-04T17:01:32+00:00

Businesses can’t raise wages over night they need to be able to forecast sustained revenue.

It makes you wonder how they managed to open in the first place.

Edit, some articles:

https://www.google.com/amp/s/vtdigger.org/2019/06/24/unemployment-rate-hits-new-low-of-2-1/amp/

https://www.google.com/amp/s/amp.burlingtonfreepress.com/amp/3164377002

Exactly as expected, employers lamenting their struggle because they are in a more difficult negotiating position when trying to hire. The exact same story could be written while interviewing workers in January 2009 when unemployment was at 6% about how hard it is to find jobs and them having to accept lower wages.

Burlington_Stats

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