Tech unemployment in the US drops to lowest level in more than two years
(computerworld.com)11 points by jarsin 12 hours ago
11 points by jarsin 12 hours ago
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.
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.
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.
A point that bears repeating is that once your unemployment benefits run out, you no longer factor into the count of the unemployed.