4 ms·

Are you counted as one of the Unemployed?

59 points by blueschlue 17y ago

jsm386 17y ago
The U6 calculations are frightening enough. What's even worse is that this infographic was done a mere 8 months ago. U3 ('official rate') jumped from 7.2% to 9.6% since January. Check out this infographic via Calculated Risk to see how bad it is in some states: http://1.bp.blogspot.com/_pMscxxELHEg/SrOono9ZxiI/AAAAAAAAGXs/ayorkJAeibU/s1600-h/StateUnemploymentAug2009.jpg http://1.bp.blogspot.com/_pMscxxELHEg/SrOono9ZxiI/AAAAAAAAGX... Fourteen states and D.C. now have double digit unemployment rates. Illinois, Indiana, and Georgia are all close. Four states are at record unemployment rates: Rhode Island, Oregon, Nevada, and California. Several others - like Florida and Georgia - are close. http://www.calculatedriskblog.com/2009/09/unemployment-rates-california-nevada.html http://www.calculatedriskblog.com/2009/09/unemployment-rates...
- teuobk 17y ago
  Indeed. The U-6 rate is now 16.8% (seasonally adjusted). http://www.bls.gov/news.release/pdf/empsit.pdf http://www.bls.gov/news.release/pdf/empsit.pdf
- catzaa 17y ago
  That is not so bad. My country had an unemployment rate of 40%+ before the recession (when it includes people not employed but not looking for a job). If unemployed illegal aliens from other countries in my country are included it will be significantly higher. The USA may have temporary problems - like a kid who fell of his bike. But you guys will get back up on that bike fairly quickly (barring politicians doing stupid stuff). It may be a problem, but it is a temporary problem.
replicatorblog 17y ago
It will be interesting to see how the climate impacts YC applications? Will increased unemployment alone lead to higher rates of applications? How will the demo skew? Young folks who can't get a first job? Early thirties folks who are hitting a wall with promotion freezes? Or does it go the other way with people less willing to start something if they have a job already?
leftnode 17y ago
Where do I stand? I was laid off last week, so I decided to start my own software company (anyone need good web development done?). I don't have any paying clients yet, so I guess I'm employed, but making $0.
- bhousel 17y ago
  If you're currently making $0, and were laid off, you should try to collect unemployment benefits. You can definitely try to start your own company on the side, but until it is making money, you're essentially unemployed.
  - leftnode 17y ago
    Oh, I've already signed up for that, so at least I have some cash coming in.
- mosburger 17y ago
  I'm surprised nobody has said it already, so I'll say it... Good Luck!
- sachinag 17y ago
  You're available for freelance work and there isn't a link to a page where you talk about your experience, your capabilities, and your rates in your profile? This is a huge, huge pet peeve of mine: if you are a freelancer, you must have a link to your portfolio/marketing page everywhere online. I strongly advocate for people to put their rates, as well as their experience, capabilities, languages, links to your GitHub repos, etc., online, but I won't hate you if you don't (I just won't hire you). If you're not currently accepting assignments, say that on your marketing page. But to neglect the opportunity for people who you interact with to find out how to hire you and why is just insane. Insane. (Plus, your link to Artisan System 404s - or does the Comcast intercept, at least - for me.)
  - leftnode 17y ago
    You're right, I need to do that. I totally forgot that we even had mini profiles on here. I'll add my company on there.
ckinnan 17y ago
There's also a company "birth-death" adjustment that tries to account for startup job creation...some argue that it is overstating employment. http://www.ritholtz.com/blog/2009/06/birth-death-adjustment-goosed-nfp/ http://www.ritholtz.com/blog/2009/06/birth-death-adjustment-... http://www.bls.gov/web/cesbd.htm http://www.bls.gov/web/cesbd.htm
- UncleOxidant 17y ago
  The "birth-death" model does overestimate employment - just take the example of the fellow who posted at the top of this thread. Laid off yesterday, starts a new software venture today. 0 income. And probably won't have any income for a few months at least... So yes, new businesses are probably being born at a rapid clip just because people don't have any other options for employment at this point, so why not start something? But the vast majority of those businesses being started now won't show any income for many months... and many of them will just go under (as is always the case).

59 points by blueschlue 17y ago

The U6 calculations are frightening enough. What's even worse is that this infographic was done a mere 8 months ago. U3 ('official rate') jumped from 7.2% to 9.6% since January. Check out this infographic via Calculated Risk to see how bad it is in some states: http://1.bp.blogspot.com/_pMscxxELHEg/SrOono9ZxiI/AAAAAAAAGXs/ayorkJAeibU/s1600-h/StateUnemploymentAug2009.jpg http://1.bp.blogspot.com/_pMscxxELHEg/SrOono9ZxiI/AAAAAAAAGX... Fourteen states and D.C. now have double digit unemployment rates. Illinois, Indiana, and Georgia are all close. Four states are at record unemployment rates: Rhode Island, Oregon, Nevada, and California. Several others - like Florida and Georgia - are close. http://www.calculatedriskblog.com/2009/09/unemployment-rates-california-nevada.html http://www.calculatedriskblog.com/2009/09/unemployment-rates...

teuobk 17y ago
Indeed. The U-6 rate is now 16.8% (seasonally adjusted). http://www.bls.gov/news.release/pdf/empsit.pdf http://www.bls.gov/news.release/pdf/empsit.pdf
catzaa 17y ago
That is not so bad. My country had an unemployment rate of 40%+ before the recession (when it includes people not employed but not looking for a job). If unemployed illegal aliens from other countries in my country are included it will be significantly higher. The USA may have temporary problems - like a kid who fell of his bike. But you guys will get back up on that bike fairly quickly (barring politicians doing stupid stuff). It may be a problem, but it is a temporary problem.

replicatorblog 17y ago

It will be interesting to see how the climate impacts YC applications? Will increased unemployment alone lead to higher rates of applications? How will the demo skew? Young folks who can't get a first job? Early thirties folks who are hitting a wall with promotion freezes? Or does it go the other way with people less willing to start something if they have a job already?

leftnode 17y ago

Where do I stand? I was laid off last week, so I decided to start my own software company (anyone need good web development done?). I don't have any paying clients yet, so I guess I'm employed, but making $0.

bhousel 17y ago
If you're currently making $0, and were laid off, you should try to collect unemployment benefits. You can definitely try to start your own company on the side, but until it is making money, you're essentially unemployed.
- leftnode 17y ago
  Oh, I've already signed up for that, so at least I have some cash coming in.
mosburger 17y ago
I'm surprised nobody has said it already, so I'll say it... Good Luck!
sachinag 17y ago
You're available for freelance work and there isn't a link to a page where you talk about your experience, your capabilities, and your rates in your profile? This is a huge, huge pet peeve of mine: if you are a freelancer, you must have a link to your portfolio/marketing page everywhere online. I strongly advocate for people to put their rates, as well as their experience, capabilities, languages, links to your GitHub repos, etc., online, but I won't hate you if you don't (I just won't hire you). If you're not currently accepting assignments, say that on your marketing page. But to neglect the opportunity for people who you interact with to find out how to hire you and why is just insane. Insane. (Plus, your link to Artisan System 404s - or does the Comcast intercept, at least - for me.)
- leftnode 17y ago
  You're right, I need to do that. I totally forgot that we even had mini profiles on here. I'll add my company on there.

ckinnan 17y ago

There's also a company "birth-death" adjustment that tries to account for startup job creation...some argue that it is overstating employment. http://www.ritholtz.com/blog/2009/06/birth-death-adjustment-goosed-nfp/ http://www.ritholtz.com/blog/2009/06/birth-death-adjustment-... http://www.bls.gov/web/cesbd.htm http://www.bls.gov/web/cesbd.htm

UncleOxidant 17y ago
The "birth-death" model does overestimate employment - just take the example of the fellow who posted at the top of this thread. Laid off yesterday, starts a new software venture today. 0 income. And probably won't have any income for a few months at least... So yes, new businesses are probably being born at a rapid clip just because people don't have any other options for employment at this point, so why not start something? But the vast majority of those businesses being started now won't show any income for many months... and many of them will just go under (as is always the case).