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> the truth is that unemployment did not go up in November. Do you have a source on this that breaks out unemployment by sector? 100k tech sector layoffs could
by Octoth0rpe 4y ago
> the truth is that unemployment did not go up in November.
Do you have a source on this that breaks out unemployment by sector? 100k tech sector layoffs could be easily overshadowed by holiday season retail hiring.
- indymike 4y agoYou can dive through US DOL JOLTS report if you want to understand this. Big tech did layoffs. IT departments still need people.
- twelve40 4y agoyou'd think it's on the person making the statement about IT hiring numbers to do the diving.
- tinco 4y agoHe did the diving, he told you the statement and the properties of it and he told you where he gets his data.
- mywittyname 4y agoIt's a pain to link to the BLS data, since you have to generate a report which needs POST data in order to display properly. I went and found the data and it maps with what indymike is saying. Layoffs are up, but not abnormally so (in line with previous years), while hiring is down compared to last year, it remains well above pre-2020 figure. Overall, it looks like the IT job market is the best its ever been by a 20% margin, aside from 2021, which was slightly better than this year.
- hosh 4y agoWhile both IT and engineering jobs in Big Tech involve computer technology, IT tends to be a cost center while Big Tech’s engineering groups are profit centers. (Or supposed to be). It would be interesting to compare the unemployment numbers to comp.
- Retric 4y agoUnemployment is tracked on a seasonally adjusted basis to account for such things.