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>>The major economies are posting record or near-record levels of employment; Where? Every chart I have seen shows total number of positions below pre pandemi

>>The major economies are posting record or near-record levels of employment; Where? Every chart I have seen shows total number of positions below pre pandemic levels, work force participation is down Sure unemployment U3 numbers are still low on a national aggregate in the US, but regionally (including Silicon Valley) they are spiking heavily, and that is after they heavily manipulate the U3 to make unemployment look good by not counting HUGE numbers of people that are unemployed. So I disagree that employment end of the economy looks good unless you cherry pick data

rsynnott 4y ago
US employment for 2019 was 158M (then a record high), falling sharply to 148M in 2020, and recovering to 158M in 2022; it's currently 160M: https://www.statista.com/statistics/269959/employment-in-the-united-states/ https://www.statista.com/statistics/269959/employment-in-the... (It is true that the _percentage employed_ hasn't recovered after covid; given the US's aging population it's possible that that figure will _never_ rise to where it was again. As they say, you can prove anything with statistics....)
SantalBlush 4y ago
>work force participation is down This can't be used as an indicator for a variety of reasons. In short, a decline in the the labor force participation rate can be good or bad, depending on the reason people are dropping out of the workforce. If a dual-income family now has the option to earn enough to support the family on one income, then having one person drop out is a sign of economic health. Basically, we don't want the entire nation to be forced to look for work. Some people are suggesting that workers are dropping out because they can't find jobs. If anyone truly believes that given our current unemployment numbers, then they are just plain gullible.
- phpisthebest 4y ago
  >>Some people are suggesting that workers are dropping out because they can't find jobs. If anyone truly believes that given our current unemployment numbers, then they are just plain gullible. Or they cant find jobs that pay what they need/want or have working conditions they need/want while using government programs, gig economy, under the table employment, etc to cover their costs. I have been in more than one meeting where people are discussion why they can not find people... No Exec ever talks about not paying enough, or not providing the correct benefits, etc. They also look at superficial things, not "hey maybe we do not pay enough"

rsynnott 4y ago

US employment for 2019 was 158M (then a record high), falling sharply to 148M in 2020, and recovering to 158M in 2022; it's currently 160M: https://www.statista.com/statistics/269959/employment-in-the-united-states/ https://www.statista.com/statistics/269959/employment-in-the... (It is true that the _percentage employed_ hasn't recovered after covid; given the US's aging population it's possible that that figure will _never_ rise to where it was again. As they say, you can prove anything with statistics....)

SantalBlush 4y ago

>work force participation is down This can't be used as an indicator for a variety of reasons. In short, a decline in the the labor force participation rate can be good or bad, depending on the reason people are dropping out of the workforce. If a dual-income family now has the option to earn enough to support the family on one income, then having one person drop out is a sign of economic health. Basically, we don't want the entire nation to be forced to look for work. Some people are suggesting that workers are dropping out because they can't find jobs. If anyone truly believes that given our current unemployment numbers, then they are just plain gullible.

phpisthebest 4y ago
>>Some people are suggesting that workers are dropping out because they can't find jobs. If anyone truly believes that given our current unemployment numbers, then they are just plain gullible. Or they cant find jobs that pay what they need/want or have working conditions they need/want while using government programs, gig economy, under the table employment, etc to cover their costs. I have been in more than one meeting where people are discussion why they can not find people... No Exec ever talks about not paying enough, or not providing the correct benefits, etc. They also look at superficial things, not "hey maybe we do not pay enough"