I know, but that's the failure of the metric and the system....once you've already expended your benefits....you cannot claim again, so even if you find another job, and then lose it, you cannot generate a new jobless claim.
When people fall off unemployment, the government has no way of knowing what happen to them....did they find a job? Did they simply stop looking? Etc.
That's a large reason why the numbers haven't been worsening and even improving in some reports...not because the job market is improving, but simply because more and more people are falling off the radar.
Like the real inflation rate, the real unemployment rate is much higher....the Department of Labor massages the report, just like the Fed massages the CPI.
The real unemployment rate is several, if not more than 10% higher than the advertised number, and that doesn't include "undermployed" Americans...(those that lost their and regained a lower paying job or took a pay cut to keep their job).
"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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