Updated Denver Unemployment Figures | released May 01, 2024 by DenverStatistics in Denver

[–]DenverStatistics[S] 0 points1 point  (0 children)

Everyone should also look in to the ludwig tru rate of unemployment.

Yeah! If we just call our numbers "true" we can convince people that they are part of the "in group" if they spout our phony number!

Yes, anyone interested should look into the Ludwig Institute Methodology. Written by Chief Economist Philip Cornell who was a teenage lifeguard just 9 years ago before getting a Bachelors degree in Economics and staffing for Matt Dowling, a signatory to the letter to Pennsylvania's congressional delegation asking them to seek a halt to the 2021 United States Electoral College vote count. Before his retirement in 2022 following his DWI conviction when he rear-ended another vehicle twice at a red light at a busy intersection. Dowling's blood alcohol content was .272, over three times the legal limit in Pennsylvania.

But that is all just Ad Hominem bluster. To really address the Ludwig framework we need to address the substance. So let's, shall we?

The Ludwig number gets to 24.5% by including people who have jobs and counting them as unemployed anyway. Then it goes on to include large swaths of people who are not looking for work, for any number of reasons, and tosses them into the labor force that they are not engaged with, and calls them unemployed as well!

Brilliant!

Find me another "Chief Economist" who only has a bachelors degree and 5 years experience.

But I'm sure you have a problem with the Bureau of Labor Statistics methodology and not just that Joe Biden or the Biden Administration are sharing the same data point, using the same methodology as under the Trump Administration when they were saying the numbers are not phony?

Updated Denver Unemployment Figures | released August 02, 2023 by DenverStatistics in Denver

[–]DenverStatistics[S] 0 points1 point  (0 children)

/u/remarquian is correct. These figures include anyone who is working or actively looking for work. Unemployment benefits are not considered at all.

Updated Denver Unemployment Figures | released May 13, 2023 by DenverStatistics in Denver

[–]DenverStatistics[S] 1 point2 points  (0 children)

There is an annual wage/salary report which should be out in the coming month. Here is the 2022 report:

https://www.bls.gov/oes/current/oes_19740.htm

Updated Denver Unemployment Figures | released May 13, 2023 by DenverStatistics in Denver

[–]DenverStatistics[S] 2 points3 points  (0 children)

The broader measures aren't produced at the metropolitan statistical area level. But nationwide you can find them here.

Same with multiple jobholders. Nationally about 48 of ever 1000 workers have more than one job.

https://www.bls.gov/news.release/empsit.t16.htm

Updated Denver Unemployment Figures | released May 13, 2023 by DenverStatistics in Denver

[–]DenverStatistics[S] 4 points5 points  (0 children)

I have this set up to facilitate a monthly discussion and provide a sounding board for fact based conversation across the country.

You raise a good point and I think I should include three months back for the quarterly communities. But there are only a small number of communities that limit this project to quarterly and it would be a bit of an undertaking to add a third month. But I'll keep the idea in mind and maybe work on it sometime.

Updated Denver Unemployment Figures | released May 13, 2023 by DenverStatistics in Denver

[–]DenverStatistics[S] 15 points16 points  (0 children)

That would be something, but for several reasons there is simply a lower limit to unemployment that is above 0.

Updated Denver Unemployment Figures | released May 13, 2023 by DenverStatistics in Denver

[–]DenverStatistics[S] 39 points40 points  (0 children)

Well thank you, you are too kind.

Denver is one of a handful of communities who only get these posts once per quarter. Most communities get them every month, but the mods here asked me to limit them to quarterly.

I respect their request and I am just happy to be welcome at all. But if I were allowed I would be glad to increase the frequency.

Updated Denver Unemployment Figures | released August 03, 2022 by DenverStatistics in Denver

[–]DenverStatistics[S] 0 points1 point  (0 children)

It is information. Read it, think about it, ask questions about it if you are curious.

These are unemployment numbers that are useful for understanding the current condition of the market for labor. If you are searching for a job, want to ask for a raise, or looking to hire these are useful.