Layoffs and unemployment rate

Dec 6, 2019 12 Comments

Im quite confused. there has been layoffs from a bunch of tech companies and also the auto industry. on the other hand, the unemployment rate from todays job report is at a 50-year low. how do you make of the discrepancy? is it just a perception problem and the numbers from these two industries account for a small portion of the overall economy? or people being laid off were able to find next job quickly?

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TOP 12 Comments
  • The majority of people who have jobs arent in tech or auto industry.
    Dec 6, 2019 1
  • Microsoft VhIT48
    Unemployment rate is a sham and doesn’t include people who have stopped looking for work because they’ve given up and couldn’t find any.
    Dec 6, 2019 3
    • E*Trade / Finance cbEV72
      Look at osce harmonized unemployment rate, it’s very low no matter how you measure it. Stop spewing nonsense
      Dec 6, 2019
    • T-Mobile / IT
      temp halp

      T-Mobile IT

      PRE
      Expedia Group
      temp halpmore
      You are talking between the difference of U3 and U6 unemployment. What's on the news is U3 but up to U6 (which us the group you're talking about) is also measured
      Dec 6, 2019
  • Amazon rice_eater
    We are just a small subset you know
    Dec 6, 2019 1
    • A tiny subset maybe less than 1% of the population
      Dec 6, 2019
  • Asurion batmanatee
    Companies in general are hiring more than they are laying off. Layoffs by companies are not always purely to restrict money being spent. They can be to shift focus from one project to another. So they remove people from a project that's not going great and invest more into a project that may bring more potential.
    Dec 6, 2019 0
  • fin is laying off like crazy
    Dec 11, 2019 0
  • Uber rTjq20
    20 million jobs are destroyed on a yearly average in US. Over 22 million are created. Those who get laid off usually bounce back.
    Dec 6, 2019 0
  • Amazon rand0miz3d
    Q4, when there are tons of temporary hires due to those sale events
    Dec 6, 2019 0

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