Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

Hugh_Lebowski

(33,643 posts)

2. But you're not counting the number of people who currently have jobs in that field

Reply to Voltaire2 (Reply #1)

Tue Dec 27, 2022, 09:28 AM

Dec 2022

If only 5% of tech workers are in a status of 'laid off' at any given time then your 21% becomes 1.05%, and that's much closer to the proper calculation for 'unemployment rate'.

Just sayin

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

8 replies

= new reply since forum marked as read

Highlight:

WSJ News Exclusive: Laid Off Tech Workers Quickly Find New Jobs [View all] mahatmakanejeeves Dec 2022 OP

So their unemployment rate is 'only' 21%. Voltaire2 Dec 2022 #1

But you're not counting the number of people who currently have jobs in that field Hugh_Lebowski Dec 2022 #2

Correct. I'm pointing out that 79% found a new job is not a great statistic. Voltaire2 Dec 2022 #4

So you've looked at stats for like coal miners and cashiers and waiters Hugh_Lebowski Dec 2022 #5

uh no, I'm saying its pretty high. Voltaire2 Dec 2022 #6

I don't have a 'problem' really, except to say that a raw number like 21% in this context Hugh_Lebowski Dec 2022 #7

Well that would also apply to the WSJ article, right? Voltaire2 Dec 2022 #8

This was ONLY our experience under a Democratic administration! Backseat Driver Dec 2022 #3