News for hackers. Stuff that matters.

A comment on Amazon tells employees to return to office five days a week. Parent comment

Re:Amazon tells employees to return to office five days a week by tootie on Monday September 16, 2024 @03:34PM (#41559720)
Recovery from what? A moderate slowdown? The general unemployment rate is 4.2% and it's always lower for tech.
[ Parent | on HN ]
Re:Amazon tells employees to return to office five days a week by y-c-o-m-b on Monday September 16, 2024 @03:51PM (#41559933)
Unemployment rate doesn't give you the full story. It's always been a suspect metric in my opinion, kind of like how people use Kelly Blue Book values for cars. It's not a good reflection of the real world complexities. I'm not unemployed, but I'm also stuck in my current position because of the 100 applications I may have applied for, I get a response from 1 and I may not even make it to the interview phase. Pre-2020 that would've been 1 in 10 applications. Unemployment rate doesn't capture that. It doesn't capture stress levels due to lack of mobility between employers, nor people that have given up, nor part time workers, etc
[ Parent | on HN ]
Re:Amazon tells employees to return to office five days a week by tootie on Monday September 16, 2024 @06:57PM (#41562036)
Unrate is an indicator more than anything else. The BLS has detailed data on dozens of dimensions including rates of underemployment. Unrate is convenient because it's apples to apples.
[ Parent | on HN ]
Re:Amazon tells employees to return to office five days a week by paleotrope on Monday September 16, 2024 @03:59PM (#41560057)
General employment includes working in pizza shops, factory floor sweepers, car salesmen, janitors, deboning chicken, making Happy Meal boxes, and of course tech jobs that pay low six figures.

To me it seems we have alot of the former (several food places that specialize in lunch are closed monday and tuesday due to not enough employees) but the latter is tough right now.

But the general unemployment metric is solidly good.

[ Parent | on HN ]
Re:Amazon tells employees to return to office five days a week by TeaBrain on Monday September 16, 2024 @04:25PM (#41560408)
A study cited this month in a Wall Street Journal article has the IT unemployment rate at 6%.

https://www.wsj.com/articles/it-unemployment-hits-6-amid-ove....

[ Parent | on HN ]
Re:Amazon tells employees to return to office five days a week by chinchilla2020 on Monday September 16, 2024 @04:38PM (#41560592)
People on hackernews think tech is the whole economy.
[ Parent | on HN ]
Re:Amazon tells employees to return to office five days a week by greenchair on Monday September 16, 2024 @04:48PM (#41560701)
the recession and bad job market we are in. you can believe what you see in real life or what you are told in media.
[ Parent | on HN ]
Re:Amazon tells employees to return to office five days a week by tootie on Tuesday September 17, 2024 @08:03AM (#41566765)
Honestly do not get this perception at all. Have you ever live through an actual recession? Did it feel like this at all? I see some significant secular changes. Some industries are just changing and leaving some people in the cold and they'll be forced to adapt. Media in particular is just not the same kind of business it used to be and never will be again. I do not see any cyclical downturn. Just amongst my network, everyone is working, hiring is a bit slower but it's happening.
[ Parent | on HN ]