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> Where in the world did you get that unemployment rate? SGS, Shadow Government Stats. Their estimates include the "long-term discouraged worker" which was of

> Where in the world did you get that unemployment rate? SGS, Shadow Government Stats. Their estimates include the "long-term discouraged worker" which was officially defined out of existence in 1994, which was coupled with the short-term discouraged worker (U6) from BLS to get a real unemployment rate. https://www.shadowstats.com/alternate_data/unemployment-charts https://www.shadowstats.com/alternate_data/unemployment-char... Its followed reality far closer than the watered down stats and methodology the politician's have been using over the last two decades. Especially during 2008, and they don't break it down by industry. Tech right now and going back two years is being displaced massively with no metrics for optics. I agree, lists are horrible on HN.

Dylan16807 2y ago
I don't see an explanation of where these numbers come from. Also I would say that even within U6, someone that's forced to work part-time should not count 1:1 with someone that has no job at all. Overall labor force participation seems fine. https://upload.wikimedia.org/wikipedia/commons/9/98/US_Labor_Force_Participation_Rate_by_gender.png https://upload.wikimedia.org/wikipedia/commons/9/98/US_Labor... And labor force participation is only down, what, 4% from 2000? Why does that correspond to a 14% increase in unemployment?
- trod1234 2y ago
  I disagree. Work is real scarce, the food stamp benefits also don't cover a full month of food, more like 1-2 weeks with grocery store price inflation (assuming you have a kitchen to prepare your food, many don't). The alternative to no work is starving, and there are people where they have been starving and unable to find any gainful employment for years. The most common excuse is being overqualified. I've a friend who was laid off about a year ago, more experienced than I in SRE, and has had no job offers and he's applied to everything available in and outside Tech. You got signs everywhere saying "We're hiring", and force you to do a 1-2 hour LeetCode Interview or some other BS, and then within 20 minutes after completing it he'll get an automated reply through the portal saying they've gone with another candidate; they won't take the sign down though, and when he went in person they say "You're just too overqualified", or better yet "Not a good culture fit [pre-interview smacking of ageism]. There are also tax subsidies for businesses to hire discouraged workers, still it seems like no ones doing it. You've got most places that say they need help when in fact they aren't hiring at all. If anything there are far more people who are not counted than those on just the U6. I wouldn't agree 1:1 shouldn't count.

Dylan16807 2y ago

I don't see an explanation of where these numbers come from. Also I would say that even within U6, someone that's forced to work part-time should not count 1:1 with someone that has no job at all. Overall labor force participation seems fine. https://upload.wikimedia.org/wikipedia/commons/9/98/US_Labor_Force_Participation_Rate_by_gender.png https://upload.wikimedia.org/wikipedia/commons/9/98/US_Labor... And labor force participation is only down, what, 4% from 2000? Why does that correspond to a 14% increase in unemployment?

trod1234 2y ago
I disagree. Work is real scarce, the food stamp benefits also don't cover a full month of food, more like 1-2 weeks with grocery store price inflation (assuming you have a kitchen to prepare your food, many don't). The alternative to no work is starving, and there are people where they have been starving and unable to find any gainful employment for years. The most common excuse is being overqualified. I've a friend who was laid off about a year ago, more experienced than I in SRE, and has had no job offers and he's applied to everything available in and outside Tech. You got signs everywhere saying "We're hiring", and force you to do a 1-2 hour LeetCode Interview or some other BS, and then within 20 minutes after completing it he'll get an automated reply through the portal saying they've gone with another candidate; they won't take the sign down though, and when he went in person they say "You're just too overqualified", or better yet "Not a good culture fit [pre-interview smacking of ageism]. There are also tax subsidies for businesses to hire discouraged workers, still it seems like no ones doing it. You've got most places that say they need help when in fact they aren't hiring at all. If anything there are far more people who are not counted than those on just the U6. I wouldn't agree 1:1 shouldn't count.