How do the formation of microbusinesses affect employment statistics. For example if a person is looking for work as an employee, and doesn't find it, but then they start a microbusiness as a subcontractor or as an independent service provider, they depart from the unemployment statistics. But are they counted as "hired" when they work for themselves or as a non-employee subcontractor? Subcontractors and microbusiness owners are a significant part of the workforce, do official statisticians count them the same way?
This is an unusual new world, but hope you won't say UI is an indicator of anything- it's not. Claimants are disappearing, people are not claiming UI anymore, (benefits are vary low in about 14 states, (Recipiency Rate is at an all-time low). Those that do claim will wait awhile before making a claim, and average duration is only about 15 weeks.
Even though hiring is generally low, my area has a lot of job openings but not enough applicants, either due to lack of interest or qualifications. How does this type of labor shortage impact the broader job market and hiring trends?
How do the formation of microbusinesses affect employment statistics. For example if a person is looking for work as an employee, and doesn't find it, but then they start a microbusiness as a subcontractor or as an independent service provider, they depart from the unemployment statistics. But are they counted as "hired" when they work for themselves or as a non-employee subcontractor? Subcontractors and microbusiness owners are a significant part of the workforce, do official statisticians count them the same way?
This is an unusual new world, but hope you won't say UI is an indicator of anything- it's not. Claimants are disappearing, people are not claiming UI anymore, (benefits are vary low in about 14 states, (Recipiency Rate is at an all-time low). Those that do claim will wait awhile before making a claim, and average duration is only about 15 weeks.
Best wishes for your interview.
Looking forward to hearing the segment!
Even though hiring is generally low, my area has a lot of job openings but not enough applicants, either due to lack of interest or qualifications. How does this type of labor shortage impact the broader job market and hiring trends?
This is a great, informative post.