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Thought Exercise - real unemployment

Discussion in 'Tilted Philosophy, Politics, and Economics' started by genuinemommy, Feb 18, 2021.

  1. genuinemommy

    genuinemommy Moderator Staff Member

    How many people are really out of work right now in the USA? Not just looking for work, but not employed?
    How many people apply to any given open position?
    How many people with skills that are in high demand are even interviewed?
    How many of these are women?

    Really, how many highly skilled women do you see taking positions of power? Does being a woman have anything to do with unemployment? Because I feel like it does.

    How does the current unemployment impact politics?

    -----++----
    I am really amazed at how many applications are being submitted for a position that I'm fielding applications for - a position that doesn't even really have funding yet and that may never be funded. And I wonder how many of these people will not get chosen for anything and will still be out of work this summer. I am left wondering how many job listings are like this - there isn't really a job there yet but there might be and we won't know until the last second so therefore it's listed.

    And these applications aren't easy. What a waste of everyone's time.

    Share thoughts on the topic. Experiences, news articles, what-not.
     
    • Useful Useful x 1
  2. Chris Noyb

    Chris Noyb Get in, buckle up, hang on, & don't criticize. Donor

    Location:
    Large City, TX
    For the time being
    I can only add this. Statistics clearly show women are lagging behind in reemployment. The US hasn't seen unemployment for women this low since the 1980s. The women are staying home dealing with children, schooling, and COVID-19.

    I don't know what the drop is from 2019 and 2020.

    There are numerous articles on the net.
     
    • Like Like x 1
  3. genuinemommy

    genuinemommy Moderator Staff Member

    • Like Like x 1
  4. rogue49

    rogue49 Tech Kung Fu Artist Staff Member

    Location:
    Baltimore/DC
    There's a huge adjustment and change happening due to the pandemic.
    Some jobs won't come back...some will be automated, some will change to remote, etc.
    Many will have to retrain, reskill, reorient...build a rep in a different role.

    Millions of jobs probably aren’t coming back, even after the pandemic ends

    But this is pessimistic...People will find jobs
    It will be just like after a recession...an employers' market, lots of competition

    I think the key here is those that hustle hard.
    And be VERY flexible.

    The pandemic hurt many roles filled often by predominately women.
    Unfortunately, due to poor bias...they're often first to let go, not to keep, last or slow to hire.

    The roles that increased were in IT
    Computers jumped as everyone went remote, on the internet and a need for automation instead of humans.

    Any job that is around a volume of people will be hit. (restaurants, events, factories, etc)
    Any job that can be done remote, isolation or in controlled/spaced areas will increase.

    A person can't say...I don't know that, I can't do this, I haven't done it.
    They have to keep diving in...and say, I CAN do that. Think outside the box.
    They have to be aggressive and put it out everywhere.

    And it doesn't matter what gender...it's a do or die attitude.
    Gotta be bold. Can't be passive.

    Do NOT put your eggs in one basket
    Spitball...try your best, move on
    Be ready for any role. Even in a new industry or vertical
    Realize that most descriptions are wishlists

    Be aware...MANY companies and employers are having to change ALSO
    It's not just workers.
    Businesses are in a try or die mode too.

    Again, flexibility and hustling are the keys.
     
    Last edited: Feb 20, 2021
  5. redux

    redux Very Tilted Donor

    Location:
    Foggy Bottom
    The "real" unemployment rate is much higher than the "official" unemployment rate used by the Dept of Labor/Bureau of Labor Statistics (BLS) and the measure needs a significant overhaul.

    BLS currently has six measure of the current unemployment rate: the "official" measure (U-3) and five alternative measures.

    U-1, persons unemployed 15 weeks or longer, as a percent of the civilian labor force;
    U-2, job losers and persons who completed temporary jobs, as a percent of the civilian labor force;
    U-3, total unemployed, as a percent of the civilian labor force (this is the definition used for the official unemployment rate);
    U-4, total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers;
    U-5, total unemployed, plus discouraged workers, plus all other marginally attached workers, as a percent of the civilian labor force plus all marginally attached workers; and
    U-6, total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.

    Table A-15. Alternative measures of labor underutilization

    The U-3 unemployment rate is generally the only rate the public hears about or sees in government news releases and media reports.

    From the above link, the "official U-3 unemployment rate last month was 6.3%; the real rate is probably somewhere between the U-5 rate (7.4%) and closer to the U-6 rate (11.1%). At the worst of the pandemic, the U-6 rate was at 23% or nearly 1 out of 4 workers in the US were unemployed.
     
    • Informative Informative x 2
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  6. ASU2003

    ASU2003 Very Tilted

    Location:
    Where ever I roam
    I am sure that unemployment is much higher than those statistics. Usually this time of year after a Presidential change to a different party, they want to "correct" the numbers so they can say they improved them later on.

    Covid screwed up my job plans, as I did want to take some time off after my last job, but not this long. But, I haven't cared to even look or apply for any indoor job in the past 12 months. I don't really want to wear my P100 respirator indoors everywhere due to a airborne virus, but I did have to wear one sometimes at my previous job... It just isn't worth it until after I get vaccinated.

    And my attitude towards jobs is pretty much summed up in the Office Space movie. Although I look at the YouTubers, OnlyFan girls, bitcoin miners, and corrupt politicians making millions and think why should I get up at 7am and get home at 6pm 250 days a year just to end up with a few extra dollars at the end of the year...

    And the weird thing is that while I don't spend lots of money, I don't really know if I am "rich" or "poor". Too many people brag about the money they make, but end up living paycheck to paycheck. Most of my expenses are to insurance companies, even though I do fear the unknown bad event or accident that wipes out any savings and investments I do have.
     
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  7. rogue49

    rogue49 Tech Kung Fu Artist Staff Member

    Location:
    Baltimore/DC
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  8. ralphie250

    ralphie250 Fully Erect Donor

    Location:
    At work..
    their shouldnt be a difference in "real" and "official"
     
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    • Agree Agree x 1
  9. rogue49

    rogue49 Tech Kung Fu Artist Staff Member

    Location:
    Baltimore/DC
    And a Followup from before on positivity
    Thanks, Biden

    I personally think, it’s not going to really get going until end of Summer

    That’s when most will have their shot and it has sunk in

    And then cross your fingers, that no variant comes around
    But we already are aware, won’t be caught with our pants down
    (At least about THIS sucker...can’t guarantee anything else...we tend to be oblivious and likely still haven’t learned our lesson)

    I still say, the best way is
    1. Make yourself a commodity
    2. Be in an area with lots of options
    3. Hustle and try almost anything
     
    • Like Like x 2
  10. ASU2003

    ASU2003 Very Tilted

    Location:
    Where ever I roam
    I would guess that there are plenty of 60+ year olds who got a taste of retirement and realized they might not have that much time left and want to get out of the work life. And for some reason the stock market didn't crash, so companies have some capital to try and expand. Now, many jobs might not be coming back right away, but I would guess that there are also a lot of deferred plans that will now be green lit.
     
    • Like Like x 2
  11. rogue49

    rogue49 Tech Kung Fu Artist Staff Member

    Location:
    Baltimore/DC
    I think anyone that’s smart
    Will realize that the other positions aren’t returning
    But then move into industries, verticals and businesses that are actually stable, if not growing.

    Actually, many businesses themselves had to change or die or hurt...radically so.
    So it’s not just the employees that have to flex.

    Management itself was under pressure
    Some good came out of it, some bad.

    I think of this like a volcano
    And the wildlife has to adjust or fade away

    Funny, I don’t get upset at changing gigs
    I just get worn by all the mean & manipulation while in the job.

    Everyone has their strengths and weaknesses
     
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  12. genuinemommy

    genuinemommy Moderator Staff Member

    The women who stepped away from their careers to care for their children or parents during the pandemic are going to face an uphill battle.
     
    • Agree Agree x 3