The majority think they know what it implies to be technically unwaged. The explanation for the term “technically” is perhaps because no matter what one person may think about as far as unemployment, your govt. May have a completely different idea and definition.
if you are currently not working and wonder if you're considered jobless then you might want to read this technical high level view of just what it is that makes somebody underemployed. The reason why it's necessary to even go into this argument is really because many individuals look at unemployment figures and think to themselves, “7% unemployment? That's not too bad.” Well, maybe it isn't, primarily based on prior numbers, but it is not a true reflection of how many people are out of work, because out of work doesn't suggest jobless. Confused? You will not be. To start with, let’s say you're fresh out of high school, decide you do not want to go to school and instead need to go out in the world and earn a crust. You begin looking thru the papers for a job. Are you unemployed? Well, you're out of work, but you're not jobless. Huh? Well, it's like this.
Since you never had a job right off the bat you did not have a job to lose, which is what unemployment figures show. So technically, you're not unwaged. This appears sensible, otherwise each kid out of highschool would be hitting the unemployment office. Okay, so you eventually find a job out of high school but lose it after one day. Are you underemployed now? No, still not. You have not been working long enough.
For starters, you haven't even made a pay check so you don't qualify for benefits, and you do not have enough of a job history to qualify for unemployment. So technically, you're still not unemployed. Out of work, yes. Unemployed, no. Finally, you secure a job and keep it for a complete year.
You be laid off for who knows what reason. You're now unemployed and can make an application for unemployment benefits, which come out to a proportion of the money you made, up to a maximum amount. Yes, there's a cap. So regardless of if you used to be a CEO making six figures a year, your unemployment benefits may be capped at as little as $500 a week. Unemployment is a real killer for Boss men. So now that you're unwaged you remain jobless till you find another job. Right? Well, not quite.
Sadly, unemployment does not last for all eternity regardless of if your out of work status does. Unemployment benefits, depending on the jurisdiction, can be anywhere from six months to a year. After that, you can apply for extended benefits, but ultimately there arrives a point when even if you do not have a job you are not officially counted in the unemployment stats unless you are registered with an employment agency and actively looking for work. If you reach a point where you are saying the hey with it as you can't find work and drop out of the work force, you are regarded as a daunted worker but not counted in the unemployment statistics. So next time you hear the newest unemployment statistics just remember that there are lots of sad folks that are not a part of that figure.