Comment on Fewer People 55-And-Over Choose To Work. But Why?
TranscendentalEmpire@lemmy.today 1 week agoSearching for work means they’re receiving unemployment benefits. My benefits ran out six to eight months ago. I am not considered unemployed.
The department of labour defines it as anyone receiving benefits or still seeking employment. Seeking employment is defined as making specific efforts to find a job in the last 4 weeks. So no, that is not correct.
the percentage of the population that is in the workforce is decreasing. I believe that statistic is called the workforce participation rate.
The labour participation rate keeps track of the percentage of the civilian non-institutional population (ages 16 and older) that is either working or actively looking for a job
It has been in decline since the year 2000 largely due to the baby boomers reaching retirement age.
stringere@sh.itjust.works 4 days ago
And how does the department of labor measure the number of people still seeking employment. What data are they gathering to measure that. Where are they getting it?
www.bls.gov/cps/cps_htgm.htm#unemployed
I have never seen such a questionnaire when I was unemplyed past being able to collect benefits. 4 weeks after my unemployment ran out I become considered “not in the labor force”. There is no followup program to identify people who are no longer considered in the labor force, yet are still seeking work.