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Weekly estimates of unemployment use the number of persons filing new claims for unemployment insurance (UI) benefits. Much more accurate data is based on large scale interview surveys, and is reported on the first Friday of the following month. Since 1940 the monthly Current Population Survey (CPS) has been used. <ref>See [http://www.bls.gov/cps/cps_htgm.htm Bureau of Labor Statistics]</ref>
Weekly estimates of unemployment use the number of persons filing new claims for unemployment insurance (UI) benefits. Much more accurate data is based on large scale interview surveys, and is reported on the first Friday of the following month. Since 1940 the monthly Current Population Survey (CPS) has been used. <ref>See [http://www.bls.gov/cps/cps_htgm.htm Bureau of Labor Statistics]</ref>
==Causes==
==Causes==
Bush era tax cuts to rich business which moved there capital overseas anyway...
Bush bailout to wall street which had no oversight making a larger bubble which the democrats actually had the balls to try and sort out, but had the republicans try there hardest to fail because "AMERICA IS SO GREAT IT CAN'T POSSIBLELY DEFAULT ON OUR LOANS LOL"
Three types of unemployment can be distinguished by their causes. '''Frictional''' unemployment is the normal churning of the job market; people enter the labor force from school or home, and spend time looking for the best job. Most frictional unemployment is voluntary and is desirable to keep the economy working. '''Seasonal''' unemployment refers to jobs that operate at certain seasons, such as construction and tourism industries. Because teachers are paid during summer vacation, they are not counted as unemployed in the summertime. The '''"normal unemployment rate'''" (frictional plus seasonal) is about 3% to 4%. '''[[Unemployment insurance]]''' is designed to help people smooth over their financial needs during frictional and seasonal unemployment.
Three types of unemployment can be distinguished by their causes. '''Frictional''' unemployment is the normal churning of the job market; people enter the labor force from school or home, and spend time looking for the best job. Most frictional unemployment is voluntary and is desirable to keep the economy working. '''Seasonal''' unemployment refers to jobs that operate at certain seasons, such as construction and tourism industries. Because teachers are paid during summer vacation, they are not counted as unemployed in the summertime. The '''"normal unemployment rate'''" (frictional plus seasonal) is about 3% to 4%. '''[[Unemployment insurance]]''' is designed to help people smooth over their financial needs during frictional and seasonal unemployment.