To do this, every home in the country would have to be contacted-just as in the population census every 10 years. Other people think that the government counts every unemployed person each month. So, quite clearly, UI information cannot be used as a source for complete information on the number of unemployed. But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits.
Some people think that to get these figures on unemployment, the government uses the number of people collecting unemployment insurance (UI) benefits under state or federal government programs. These figures, particularly the unemployment rate-which tells you the percentage of the labor force that is unemployed-receive wide coverage in the media. Department of Labor announces the total number of employed and unemployed people in the United States for the previous month, along with many characteristics about them. Where do the statistics come from?Įarly each month, the Bureau of Labor Statistics (BLS) of the U.S. How many people are unemployed? How did they become unemployed? How long have they been unemployed? Are their numbers growing or declining? Are they men or women? Are they young or old? Are they White, or Black, or Asian, or of Hispanic ethnicity? How much education do they have? Are they concentrated in one area of the country more than another? These statistics-together with other economic data-can be used by policymakers to determine whether measures should be taken to influence the future course of the economy or to aid those affected by joblessness. In addition, the purchasing power of these workers is lost, which can lead to unemployment for yet other workers.Īddressing the issue of unemployment requires information about the extent and nature of the problem. Workers and their families lose wages, and the country loses the goods or services that could have been produced. When workers are unemployed, they, their families, and the country as a whole lose. Each Monday, he reviews the current projects with his team to get updates and feedback about how things are going.Top Why does the government collect statistics on the unemployed? They register companies, work with government authorities and provide business advice to clients. He currently holds the position of Senior Mercantile Attorney that means he manages a big team of lawyers that work in different projects with clients from the business field. Patrick is a lawyer working for a big law firm called Ford & Bayer Co. Corporate e-mails and messaging apps are the most common platforms where this term can be found. In internet slang, for example in chat rooms or digital conversations, the abbreviation is often employed too. In business meetings, the term might be used as the current status of a particular point of the agenda.įor example, if there was a pending task or situation that had to be addressed and a person wants to inquire about the status of that matter, the answer “it is yet to be determined” can be given if there’s no result available to be shown at the moment. It indicates that there’s still more research to be done about it before a final conclusion can be presented.
It is used in different context and it is not limited to business environments. The term to be determined (TBD) is frequently use to describe the current situation of a particular matter. It refers to something that is yet unknown. Definition: To Be Determined (TBD) is a matter that hasn’t being decided yet.
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