Big jobless rate drop in August report

Big jobless rate drop in August report

There are 12 comments on the The Times Bulletin story from Sep 21, 2011, titled Big jobless rate drop in August report. In it, The Times Bulletin reports that:

By ED GEBERT Times Bulletin News Writer Could this mark the beginning of better economic times locally? The unemployment rate in Van Wert County dived last month to 9.3 percent, down from an adjusted 10.0 percent in July, according to statistics released Tuesday by the Ohio Department of Job and Family Services.

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Since: May 11

Johnstown, OH

#1 Sep 21, 2011
Van Wert's unemployment rate dropped by 0.7% to 9.3% last month. How about that.
suspicious

Medina, OH

#2 Sep 21, 2011
PlaceNameHere wrote:
Van Wert's unemployment rate dropped by 0.7% to 9.3% last month. How about that.
That's because so many have ran out of unemployment benefits and aren't counted as unemployed.

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Since: May 11

Johnstown, OH

#3 Sep 21, 2011
I used to think that as well.
Actually, the Government conducts a monthly sample survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country. It has been since 1940. The jobless rate is determined by this phone survey comparing employed to unemployed people.
Dr Dick

San Diego, CA

#4 Sep 21, 2011
PlaceNameHere wrote:
I used to think that as well.
Actually, the Government conducts a monthly sample survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country. It has been since 1940. The jobless rate is determined by this phone survey comparing employed to unemployed people.
If there are anyone of you that is unemployed, have you ever been involved in a phone survey?

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Since: May 11

Johnstown, OH

#5 Sep 21, 2011
Yeah, I know that CPS applies to federal. Here is a link to local area unemployment statistic gathering.
http://www.bls.gov/lau/lauov.htm
from that link;
"These (state monthly) models combine current and historical data from the CPS, the Current Employment Statistics (CES) program, and State unemployment insurance (UI) systems."
Those who are currently receiving unemployment are factored in to the equation. But those who have expired their unemployment are factored in as well by way of the Current Population Survey.
...I need an aspirin.
Pope John Paul

Tempe, AZ

#6 Sep 21, 2011
Dr Dick wrote:
<quoted text>
If there are anyone of you that is unemployed, have you ever been involved in a phone survey?
No one ever called me, I got my letter saying my benefits ran out, and never heard from them after, I don't believe that crap.

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Since: May 11

Johnstown, OH

#7 Sep 21, 2011
My info came from here;
http://www.bls.gov/cps/faq.htm#Ques2
also found this;
"There was an unprecedented rise in the number of persons with very long durations of unemployment during the recent labor market downturn. Nearly 11 percent of unemployed persons had been looking for work for about 2 years or more in the fourth quarter of 2010. Because of this increase, BLS and the Census Bureau updated the CPS instrument to accept reported unemployment durations of up to 5 years. This upper bound was selected to allow reporting of considerably longer durations while limiting the effect of erroneous extreme values (outliers)."
here-
http://www.bls.gov/cps/duration.htm

“I'm___and I approve these post”

Since: May 11

Johnstown, OH

#8 Sep 21, 2011
Oh, no one ever called me as well. Cell phone only, essentially unlisted phone number.
Keep It Simple Stupid

Lima, OH

#9 Sep 21, 2011
I agree with you but would add the fact that we need to consider the under-employed people. Add another twenty percent then you get a better picture of Van Wert County.
suspicious wrote:
<quoted text>
That's because so many have ran out of unemployment benefits and aren't counted as unemployed.
suspicious

Medina, OH

#10 Sep 21, 2011
The other issue is almost anyone who has got a job lately is making $8-10 an hour. With those wages it's kinda hard to make a living.
Kennesaw71

Siler City, NC

#12 Feb 11, 2012
Why would anyone move to Ohio and make a job that paid more than $10 per hour? It's one of the worst states for moving to and setting up shop. And yall recently voted no on issue 2... AND Indiana is a Right to Work state now so there ain't anybody gonna move their outfit to Ohio and make a job.
xxxrayted

Brook Park, OH

#13 Feb 12, 2012
suspicious wrote:
The other issue is almost anyone who has got a job lately is making $8-10 an hour. With those wages it's kinda hard to make a living.
That's why when they were on unemployment, they should have been doing something to make themselves worth more money. Hell, unemployment is extended to neatly two years now. That's not enough time to learn another trade or get educated in something?

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