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Thread: Another sign the economy is improving

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    Default Another sign the economy is improving

    More people quit their jobs in the past three months than were laid off

    http://finance.yahoo.com/news/More-e...21174.html?x=0

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    Default Re: Another sign the economy is improving

    ^^^ or maybe the fact that more people are quitting their jobs is related to the relative income available in exchange for essentially zero effort via collecting 99 weeks worth of unemployment benefits !

    or maybe the fact that more people are quitting their jobs is related to their 2010 incomes nearing the point where they will lose eligibility for subsidized rent, subsidized utilities, medicaid etc.

    While I'm admittedly being hyperbolic, from a factual backup standpoint the conclusions put forth by the article's author as to the probable reason that more people are quitting their jobs are no more or less valid than the two hyperbolic alternate reasons I provided !

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    Default Re: Another sign the economy is improving

    You can't collect unemployment if you quit your job.

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    Default Re: Another sign the economy is improving

    ^...really? I didn't know that. I thought you could get unemployment as long as you have worked in the past, and are no longer working but actively looking for a job....



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    Default Re: Another sign the economy is improving

    You can only collect unemployment if you lose your job through no fault of your own.

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    Default Re: Another sign the economy is improving

    Here's another indicator of an improving economy-the number of freight cars hauling America's trash (a seriously reliable indicator) increased 45% in Apr/May over the previous year.

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    Default Re: Another sign the economy is improving

    There is no question the economy is slowly improving. That's the nature of the business cycle. Doubters and purveyors of doom would tell you otherwise, but the business cycle works. Now, to keep the economy from double dipping, we need to start bending the federal deficit and annual debt in the right direction.

    HTH
    Z

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    Default Re: Another sign the economy is improving

    Quote Originally Posted by 4everresolutions View Post
    ^...really? I didn't know that. I thought you could get unemployment as long as you have worked in the past, and are no longer working but actively looking for a job....
    The eagle is right. Not only must you lose your job through no fault of your own, but you must be working in covered employment. What that means for dancers who are independent contractors is in most states we are not employees and thus not covered by unemployment compensation! Also, the states, because of their own budget woes, have gotten a lot more aggressive at watching who claims UI. HTH Z

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    Default Re: Another sign the economy is improving

    Quote Originally Posted by 4everresolutions View Post
    ^...really? I didn't know that. I thought you could get unemployment as long as you have worked in the past, and are no longer working but actively looking for a job....
    The eagle is right. Not only must you lose your job through no fault of your own, but you must be working in covered employment. What that means for dancers who are independent contractors is in most states we are not employees and thus not covered by unemployment compensation! Also, the states, because of their own budget woes, have gotten a lot more aggressive at watching who claims UI.

    HTH Z

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    Default Re: Another sign the economy is improving

    Sorry to be a wet blanket but Retail Sales plunged to their lowest level in eight months.
    Not a good sign.

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    Default Re: Another sign the economy is improving

    well, in my neck of the woods, people are turning down jobs paying 100-200/day for 8 hours work, so who knows what that means.

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    Default Re: Another sign the economy is improving

    You can't collect unemployment if you quit your job
    The eagle is right. Not only must you lose your job through no fault of your own, but you must be working in covered employment
    Actually, I'm glad that this tack was not allowed to die ... since it actually represents the same phenomenon arguably used by the author. In this case ...

    Genuine fact - persons who lose their jobs as a result of 'fault' i.e. stealing from the employer, drug use on employer property, etc. are not eligible to receive unemployment benefits funded by that employer.

    Plausible but incorrect assumption - that a person who voluntarily quits their job makes themselves ineligible for unemployment benefits. This is not strictly true. In New York it simply means waiting seven weeks before filing for unemployment while claiming that something or anything about the previously quit job was not ideal ( questionable treatment by a boss, exposure to irritating chemicals etc.). In the vast majority of cases, the previous employer will agree to pay unemployment benefits rather than face a DOL / OSHA investigation. And even if the previous employer refuses to pay, this does not render the person ineligible to receive unemployment benefits funded by the state.

    Incorrect but ideologically agreeable conclusion drawn from the incorrect assumption - that nobody would choose to voluntarily quit a job unless their prospects for quickly finding a better job were very good. The Heritage Foundation has extensively documented the fact that a large number of low skill American workers quit their jobs in order to avoid exceeding their state's annual earnings threshold of eligibility for social welfare benefits ( i.e. subsidized rent, subsidized utilities, food stamps, medicaid ) - because the actual cash value of these benefits far exceeds their annual earnings had they continued to work full time.

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