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Some of my friends expressed similar concerns, for what it's worth.
by sillysaurus3 11y ago
Some of my friends expressed similar concerns, for what it's worth.
- bwhitty 11y agoNot trying to be condescending, but legitimately not much. Anecdotes don't really help us here.
- sillysaurus3 11y agoI probably should've realized it was a rhetorical question.
- ranci 11y agoJobs created: "Yay! The economy is growing! The economy created xxx,xxx jobs last month! This is a great sign!" Jobs destroyed: "This can't be a sign of anything. Anecdotes don't help us."
- ahlatimer 11y agoYou're comparing things across different levels. You have something at a macro level in one (jobs created across the economy) and at a micro level in the other (jobs destroyed at a single company). The economy as a whole might still net create jobs even with Intel laying off 11% of its workforce. Likewise, you can have the labor market across the economy shrinking while other companies are ramping up hiring. A single data point does not indicate a trend.