5 ms·
Not trying to be condescending, but legitimately not much. Anecdotes don't really help us here.
by bwhitty 10y ago
Not trying to be condescending, but legitimately not much. Anecdotes don't really help us here.
- sillysaurus3 10y agoI probably should've realized it was a rhetorical question.
- ranci 10y 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 10y 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.