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U.S. unemployment rose in November despite job gains

90 points by JumpCrisscross

by tdb7893

2 subcomments

The article talks about how the Fed chair thinks we might be overestimating jobs and with the number of people I know who are currently struggling to find jobs I would believe that (not engineers, just people that had random jobs). Lots of people I know are out of work right now.

by alecco

3 subcomments

The gig economy is hiding the real employment problem in most of the West.
How money Works "The Gig Economy is Full" https://www.youtube.com/watch?v=dqmJN5z6Rjc (10 Dec 25)

by int32_64

4 subcomments

The most meaningful American employment stat should be employed Americans with health insurance.
What's the point of being considered 'employed' if you can be wiped out with one trip to the ER?

by givemeethekeys

2 subcomments

Most job listings are fake - keep the investors, competitors and other employees think you are hiring. And who knows, maybe the right resume will actually be worth a look.

by vondur

2 subcomments

I get the feeling most of the newer jobs that are going to be created are going to be in the blue collar fields and the US isn't geared for providing those. I'm also not sure that people who have been conditioned to work white collar jobs will be happy to work in blue collar jobs.

by laughingluvky6

0 subcomment

by earlyreturns

1 subcomments

H1B abuse is rampant, so the headline is what we expect. Jobs are for the foreign born, just look at HN for evidence of that. They even hire lawyers to help the outsourced labor “navigate our system.”

by josefritzishere

1 subcomments

Anecdotally, from personal experience... job hunting is worse now than the recessions of 2000 or 2008. I think I belive Jerome Powell based on that. https://www.wsj.com/economy/jobs/fed-chair-jerome-powell-say...?

by toomuchtodo

0 subcomment

by juliusceasar

0 subcomment

How reliable are the unemployment numbers? Trump sacked people for not liking the numbers.

by alfiedotwtf

0 subcomment

After Trump didn’t like the numbers, weren’t unemployment figures kept secret from then on by the administration?

by jdross

0 subcomment

The US job market is way more dynamic than people realize. Roughly 1/5 of jobs are changed every year in roles permanently lost to roles newly created.
Gross job creation & destruction annually is roughly 10–12 percent of all jobs (new positions added and permanently lost across all employers).
This is down from the past, when it was 15-18 percent.
Source: US Census Bureau Data https://ycharts.com/indicators/us_job_destruction_rate