7 ms·

Jobless Claims Rise by 13,000 to 242,000

39 points by mennaali 3y ago

gumballindie 3y ago
I guess they have been “freed”. Following recent trends in logic, this should be good for society because they can do other things now.
- rs999gti 3y ago
  > because they can do other things now. Like look for another job?
  - deleted 3y ago
    [deleted]
  - gumballindie 3y ago
    Well they certainly won’t upskill as higher paying jobs are about to be “freed” as well.
- hgs3 3y ago
  For me this was the case: since quitting my job my depression has lifted and I'm about to launch my own company.
  - gumballindie 3y ago
    Good for you, but we need to be considerate to the 99% that dont have that option.
- credit_guy 3y ago
  I was one of those "freed". A few months ago. I sent my resume around, I talked with a lot of recruiters, I got four interviews. One went well, but it was crypto-related and it's my personal preference to not touch crypto with a pole. One went unexpectedly bad, one went very well, but the ultimate decision maker decided to not hire me, and one turned into an offer. Today I finished my third week with my new employer. Happier than ever in my life (jobwise speaking). Since when did everyone start thinking that a job is a god given right? Just like you can quit an employer, it's just fair that an employer can cut you. Just like I want to make money in life, and I shop around for the best deal, firms also want to make money, and they should shop around for those workers who give them the best bang for the buck. In my previous job, I was not the guy who was giving the firm the best bang for the buck, it appears. They let me go, but they treated me reasonably well (for example they did not void my unvested RSU's). What more can I wish for? I feel no resentments. But, I'm close to 50. Maybe the younger generation thinks differently.
  - earthling8118 3y ago
    Yeah! People don't deserve to not starve to death! Nobody needs shelter or happiness: those are frivolous desires of the flesh and should be forgone for the sake of profit. All hail the magic rising number. Seriously though, your experience is not the norm. Not even close.
    - credit_guy 3y ago
      Why would people starve to death? There are unemployment benefits. If you think they are not enough, that's the state's problem to solve, not the private sector's one.
71a54xd 3y ago
"lowest unemployment in history"
- mywittyname 3y ago
  It literally is in the USA [0]. The economy also added 253,000 jobs last quarter. [0] https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm https://www.bls.gov/charts/employment-situation/civilian-une...
  - giraffe_lady 3y ago
    congrats to the economy I guess
  - Ancalagon 3y ago
    hardly. It's obvious from the tech layoffs and the number of fast-food restaurants near me with "Help Wanted" signs that the jobs being lost =/= the jobs added.
    - crooked-v 3y ago
      Fast-food restaurants have 'help wanted' signs everywhere specifically because people keep getting better jobs elsewhere. It's the same reason chains like McDonald's have been aggressively raising wages compared to what they were even five years ago.
  - shagymoe 3y ago
    Does this account for all the people who were unemployed more than 6 months ago or does the government continue to disregard these people in their numbers?
    - mywittyname 3y ago
      It doesn't matter. All that matters is that you compare the same level of unemployment historically. Including more groups in the umemployment number doesn't do anything other than scale & stretch the value. The trends largely stay the same, but the values are shifted up or down, and the "waves" move at slightly different rates The reason for using the U3 number is because it is a good snapshot into what is happening now and it's where the bulk of the movement is. It doesn't really matter if someone reports unemployment going from 9.2% to 6% vs 6% to 3%. That extra 0.2% comes from "long tail" of the unemployed. You can plot the different unemployment levels on the BLS website to build an intuition for why it doesn't really matter which figure is reported on, just that figures are compared against their same level.

39 points by mennaali 3y ago

I guess they have been “freed”. Following recent trends in logic, this should be good for society because they can do other things now.

rs999gti 3y ago
> because they can do other things now. Like look for another job?
- deleted 3y ago
  [deleted]
- gumballindie 3y ago
  Well they certainly won’t upskill as higher paying jobs are about to be “freed” as well.
hgs3 3y ago
For me this was the case: since quitting my job my depression has lifted and I'm about to launch my own company.
- gumballindie 3y ago
  Good for you, but we need to be considerate to the 99% that dont have that option.
credit_guy 3y ago
I was one of those "freed". A few months ago. I sent my resume around, I talked with a lot of recruiters, I got four interviews. One went well, but it was crypto-related and it's my personal preference to not touch crypto with a pole. One went unexpectedly bad, one went very well, but the ultimate decision maker decided to not hire me, and one turned into an offer. Today I finished my third week with my new employer. Happier than ever in my life (jobwise speaking). Since when did everyone start thinking that a job is a god given right? Just like you can quit an employer, it's just fair that an employer can cut you. Just like I want to make money in life, and I shop around for the best deal, firms also want to make money, and they should shop around for those workers who give them the best bang for the buck. In my previous job, I was not the guy who was giving the firm the best bang for the buck, it appears. They let me go, but they treated me reasonably well (for example they did not void my unvested RSU's). What more can I wish for? I feel no resentments. But, I'm close to 50. Maybe the younger generation thinks differently.
- earthling8118 3y ago
  Yeah! People don't deserve to not starve to death! Nobody needs shelter or happiness: those are frivolous desires of the flesh and should be forgone for the sake of profit. All hail the magic rising number. Seriously though, your experience is not the norm. Not even close.
  - credit_guy 3y ago
    Why would people starve to death? There are unemployment benefits. If you think they are not enough, that's the state's problem to solve, not the private sector's one.

71a54xd 3y ago

"lowest unemployment in history"

mywittyname 3y ago
It literally is in the USA [0]. The economy also added 253,000 jobs last quarter. [0] https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm https://www.bls.gov/charts/employment-situation/civilian-une...
- giraffe_lady 3y ago
  congrats to the economy I guess
- Ancalagon 3y ago
  hardly. It's obvious from the tech layoffs and the number of fast-food restaurants near me with "Help Wanted" signs that the jobs being lost =/= the jobs added.
  - crooked-v 3y ago
    Fast-food restaurants have 'help wanted' signs everywhere specifically because people keep getting better jobs elsewhere. It's the same reason chains like McDonald's have been aggressively raising wages compared to what they were even five years ago.
- shagymoe 3y ago
  Does this account for all the people who were unemployed more than 6 months ago or does the government continue to disregard these people in their numbers?
  - mywittyname 3y ago
    It doesn't matter. All that matters is that you compare the same level of unemployment historically. Including more groups in the umemployment number doesn't do anything other than scale & stretch the value. The trends largely stay the same, but the values are shifted up or down, and the "waves" move at slightly different rates The reason for using the U3 number is because it is a good snapshot into what is happening now and it's where the bulk of the movement is. It doesn't really matter if someone reports unemployment going from 9.2% to 6% vs 6% to 3%. That extra 0.2% comes from "long tail" of the unemployed. You can plot the different unemployment levels on the BLS website to build an intuition for why it doesn't really matter which figure is reported on, just that figures are compared against their same level.