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That started this month. But, job loss after revised job reports are not false. I can't find the tweet right now, but it had extreme detail analysis how we are

That started this month. But, job loss after revised job reports are not false. I can't find the tweet right now, but it had extreme detail analysis how we are losing jobs. VC raising funds have nothing to do with ecomony. It is rich people moving money among each other. If you believe in trickle down, then perhaps part of these record breaking funds will flow to rich and connected founders. For everyone else, there is a big struggle.

JumpCrisscross 2y ago
> job loss after revised job reports are not false The claim absolutely is [1]. Revisions for 2022 were on average up. Revisions for 2023 were on average down, but only about 10% of the original increase. > VC raising funds have nothing to do with ecomony. It is rich people moving money among each other It has a hell of a lot to do with fundraising! [1] https://www.bls.gov/web/empsit/cesnaicsrev.htm https://www.bls.gov/web/empsit/cesnaicsrev.htm
- twosignum 2y ago
  Bro, you are out of touch with regular people. VCs are no way indication of how regular ecomony functions. For a software engineer who lost his/her job and now struggling for months is real signal. Same with business who are one or two payments away from closing down. BLS is government resource. Same with job reports, data gets revised often.
  - JumpCrisscross 2y ago
    > VCs are no way indication of how regular ecomony functions Regular people aren't seeing their "business or startup struggling to close deals in last 6 months." You made two false claims. They're being refuted individually. > a software engineer who lost his/her job and now struggling for months is real signal FTFA (and top comment): "Jobs in tech, finance, law, and accounting were essentially flat or slightly down." That's nationally; it's worse if you're in e.g. the Bay Area. Also, statistically speaking, software engineers aren't "regular people" given their median wage is double the population's. > BLS is government resource. Same with job reports, data gets revised often Yes. You can see the revisions. They publish them. They're linked to above. If you know how to read these data, you know first estimates can be 10 to 40% off. That's why they're published as estimates. Also, there are dozens of employment metrics. Here is a private one [1]. They all paint the same picture. [1] https://adpemploymentreport.com https://adpemploymentreport.com
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JumpCrisscross 2y ago

> job loss after revised job reports are not false The claim absolutely is [1]. Revisions for 2022 were on average up. Revisions for 2023 were on average down, but only about 10% of the original increase. > VC raising funds have nothing to do with ecomony. It is rich people moving money among each other It has a hell of a lot to do with fundraising! [1] https://www.bls.gov/web/empsit/cesnaicsrev.htm https://www.bls.gov/web/empsit/cesnaicsrev.htm

twosignum 2y ago
Bro, you are out of touch with regular people. VCs are no way indication of how regular ecomony functions. For a software engineer who lost his/her job and now struggling for months is real signal. Same with business who are one or two payments away from closing down. BLS is government resource. Same with job reports, data gets revised often.
- JumpCrisscross 2y ago
  > VCs are no way indication of how regular ecomony functions Regular people aren't seeing their "business or startup struggling to close deals in last 6 months." You made two false claims. They're being refuted individually. > a software engineer who lost his/her job and now struggling for months is real signal FTFA (and top comment): "Jobs in tech, finance, law, and accounting were essentially flat or slightly down." That's nationally; it's worse if you're in e.g. the Bay Area. Also, statistically speaking, software engineers aren't "regular people" given their median wage is double the population's. > BLS is government resource. Same with job reports, data gets revised often Yes. You can see the revisions. They publish them. They're linked to above. If you know how to read these data, you know first estimates can be 10 to 40% off. That's why they're published as estimates. Also, there are dozens of employment metrics. Here is a private one [1]. They all paint the same picture. [1] https://adpemploymentreport.com https://adpemploymentreport.com

deleted 2y ago

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