Quote:
Originally Posted by XCR-700
Unemployment numbers are a very confusing mess and not indicative of much except to watch the trend if they are increasing or declining.
But as a legitimate measure of percentage of people working or not and any organizations ability to attract and retain staff, they are virtual worthless numbers.
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In this case, they are determining how many individuals in each area are collecting UE compensation.
The thought process is as the compensation amount declines, those individuals will instead seek active employment.
Since the number actually collecting is low, businesses do not expect an on-rush of applicants.
Oddly, it isn't a labor issue, it is a demand issue.