Tech unemployment in the US drops to lowest level in more than two years | Hacker News Reader

Tech unemployment in the US drops to lowest level in more than two years

computerworld.com

11 pointsjarsin9 comments

This is as believable as the claim that food inflation over the past year was 0.3%. Apparently, there's no need to even bother to make the lies believable anymore.

Anecdotally, all of my old recruiters rang me up over the last week or so. 5 unsolicited jobs that were a good fit.

I’ve had very few inbound calls from recruiters for 2 years.

Agreed, this coincides perfectly with the 18 month lagging window lapsing so unemployed but unhired people are no longer negatively counted against the economy.

The longer it takes people to notice the issue, the more destructive the side effects and dynamics become.

You keep posting this, but the official US inflation numbers do not claim 0.3% year-over-year food inflation (and have never claimed that at any point in the past several years):

https://www.bls.gov/news.release/cpi.t01.htm

This has been pointed out to you more than once, so at this point I assume you are deliberately lying and not just badly confused:

https://news.ycombinator.com/item?id=42607919

A point that bears repeating is that once your unemployment benefits run out, you no longer factor into the count of the unemployed.

Untrue, have a little more confidence in career statisticians.

> Some people think that to get these figures on unemployment, the government uses the number of people collecting unemployment insurance (UI) benefits under state or federal government programs.

> But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits. So, quite clearly, UI information cannot be used as a source for complete information on the number of unemployed.

-- https://www.bls.gov/cps/cps_htgm.htm#where

The continued explanation for how they account for it is in the link.

I think you should probably reread that yourself.

If you look close enough at the details, its fairly obvious that the details are highly lacking, and appear to only give the illusion, without the accuracy or objective measure.

The article says IT unemployment is "its lowest since November 2023."

That's not two years. It's 14 months.

I agree if there was 2% unemployment in IT salaries would be rocketing and there would be stories about foosball tables and masseuses at work.

And in the same breath they say companies are being careful about hiring.

I am on an extended sabbatical of sorts, but I would think I would count statistically as unemployed because I lazily look at jobs on occasion.

In high demand eras, jobs would find me. Nowhere close to that right now.

Unemployment stats have been manipulated for political gain for decades. There are huge numbers on "not looking for work" healthy males that are being excluded from stats.

What's shocking to me is salaries are at or below what was in pre inflation. Outside of SV plumbers and other tradesmen are making as much as an experienced software dev.

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