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?
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?