Young people are leaving their jobs in record numbers and not going back

Re:Young people are leaving their jobs in record numbers and... by throwawaycities on Saturday October 30, 2021 @04:56PM (#29052232)

You are downplaying reporting of +5% unemployment in 3 months, the difference between now and 2019 is that unlike 2019 those persons were either reemployed or counted as unemployed…now 14M Americans (aged 18-34) are immediately removed from the workforce instead of being counted as unemployed.

You can claim all you want that is not data, but it is and it is telling from a policy perspective. Since when have 18-34 year olds that quit been immediately removed from the workforce?

I’ll take a guess that you neither are an employer, low wage worker or government worker, because you seem pretty far removed from the reality facing the vast majority in the US.

[ Parent | on HN ]

Re:Young people are leaving their jobs in record numbers and... by saeranv on Saturday October 30, 2021 @05:41PM (#29052510)

>> You are downplaying reporting of +5% unemployment in 3 months

Maybe it is significant, but even if it was the author's data provides no context to evaluate the 3.9, 3.9, 4.3 million sequence.

>> the difference between now and 2019 is that unlike 2019 those persons were either reemployed or counted as unemployed…

Are you sure? I can't find this particular statement in the article. Did I miss something?

>> now 14M Americans (aged 18-34) are immediately removed from the workforce instead of being counted as unemployed.

Again, a single number with no context literally says nothing! If I came to you and said over the last three months our quantity of X increased by 400k from 3.9M, and and the total accumulation of some subset of X was now at 14M, do you have enough information to tell if this is unusually high, low or normal behaviour for X?

[ Parent | on HN ]