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> Tech unemployment is still extremely low How do you know that? Does the government know that or does it only count those applying for unemployment 'benefits
by guenthert 3y ago
> Tech unemployment is still extremely low
How do you know that? Does the government know that or does it only count those applying for unemployment 'benefits', which i) aren't paid for long and ii) don't even suffice to pay the rent if you live in the S.F. Bay Area. I'd rather think that most who lost their job in the tech industry moved on, i.e. work in a different sector or bide their time in an area of lower cost of living.
- JohnMakin 3y agoThere's tons of data published all the time by various sources that are easily searchable. If you don't trust those, that's fine, but I think it's pretty reliable. It sounds like the disconnect here is that low unemployment (around 2-2.5% last I checked) might be disproportionate in the demographics that it consists of - new grads, etc. So to them the market may look really bad but as a whole there are empirically a ton of jobs.