4 ms·
Every time I bring up this uneasy feeling of everything feeling like it's going to crumble soon, I get employment data hurtled at me and the stock market thrown
by WXLCKNO 3y ago
Every time I bring up this uneasy feeling of everything feeling like it's going to crumble soon, I get employment data hurtled at me and the stock market thrown in my face.
Maybe Canada is worse due to how insane housing is but for the average person life does not feel anywhere like it used to pre pandemic at least.
- acjacobson 3y agoWhile the numbers for the macro economy may be pretty good - for the tech sector they're terrible.
- avmich 3y agoRecently surfaced here: https://www.theregister.com/2024/01/08/700_it_jobs_us/ https://www.theregister.com/2024/01/08/700_it_jobs_us/ Basically, USA probably has much more new graduates of CS a year than net jobs in tech added last year. Many would say it's like a statistical error; anyway, it's a low number.
- _heimdall 3y agoNumbers are very easy to manipulate, and are almost never predictive when removed from the original context. Low unemployment means nothing without also referencing workforce participation rates. Economic data is also effectively useless if, for example, inflation data excludes common expenses like groceries, housing, used cars, etc. I don't think this was always the case, but economic data today is so easily gamed that its little more than political theater.
- datatrashfire 3y agojob market for tech workers != broader economy. blue collar wages in percentage terms have been increasing faster than white collar. i think many orgs overinvested in tech during the pandemic. we've swung too far, so it's time to work out the excesses.
- csomar 3y ago40% of the US population is inactive. Unemployment rate has been made useless, I don't think any software developer contributes to it. The rate now is more about desperate people in critical situation than people who didn't find a job.