Re:Brave lays off 9% of its workforce
by DragonStrength on Saturday October 07, 2023 @08:43AM
(#37801254)
The article discusses the sectors for most of those jobs, which is hospitality. The sorts of jobs most people who visit this site are seeking remain in decline. IT unemployment is about double the rate of overall unemployment currently.
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Re:Brave lays off 9% of its workforce
by kasey_junk on Saturday October 07, 2023 @09:34AM
(#37801580)
That’s not at all what the report shows. You can just look it up https://www.bls.gov/news.release/empsit.nr0.htm
The IT sector has a slightly higher unemployment rate 4.3 than the headline rate 3.9. And there is a special note about the IT rate being specifically impacted by the tv industry strikes as the sector covering sound and film engineers makes up most of the IT unemployment number.
The hospitality industry is what actually has a significantly higher is leisure and hospitality at 5.4.
Re:Brave lays off 9% of its workforce
by rightbyte on Saturday October 07, 2023 @08:51AM
(#37801311)
> IT unemployment is about double the rate of overall unemployment currently.
Really? Sounds bad. Is that official stats?
This suggests the range is much tighter than double, while also showing hospitality as the industry with the highest rate of unemployment. As of Sep 7.
https://www.statista.com/statistics/217787/unemployment-rate...
The top line numbers are so cooked. We are losing full time jobs in well paying sectors and adding part time jobs in hospitality. That’s not the big win that it seems. Just yesterday El-Erian wrote a column casting doubt on the soft landing which people have been desperately trying to manifest. What a joke.