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FindtheTruth5 t1_j3rnlcu wrote

Reply to comment by DeepTh0tt in Coinbase to slash 20% of workforce in second major round of job cuts by ChocolateTsar

Have you looked at tech and the economy broadly? It's not just crypto

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Gamegis t1_j3roh2u wrote

Unemployment rate is 3.5%. That’s pretty damn good

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[deleted] t1_j3rud8z wrote

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5G_afterbirth t1_j3sawtd wrote

I dont want to bother you in your comfy armchair, but could you elaborate?

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rice_not_wheat t1_j3tpy3a wrote

Fortunately they calculate the number the same way every time so it's still relevant against itself.

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[deleted] t1_j3scn2d wrote

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axonxorz t1_j3sp02a wrote

It's a useful metric if it's paired with underemployment numbers, which it rarely is

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hicow t1_j3ujbrn wrote

That the way unemployment is measured is arguably BS, sure. But if it's compared against prior numbers where the method of measurement is the same, it's an easy way to see which way the numbers are headed.

Trump got called out for claiming unemployment under Obama was north of 40% then, in Feb '17, with Trump in office for less than two weeks, proclaiming he had just made the best unemployment numbers ever thanks to his bigly genius business brain.

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[deleted] t1_j3sfr9p wrote

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TheLastBaronet t1_j3snvga wrote

Not really. https://www.trueup.io/job-trend Granted, this only covers so much and might miss job postings but it’s likely better evidence than just recruiter emails.

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BooooHissss t1_j3t4e0l wrote

Is there supposed to be actual information here? Or is it a mobile thing? Cause all this has is a line graph and doesn't explain at all where they got the information, what it's based on, and just self references their own data. Does it describe what they consider tech jobs anywhere? What's it pulled from?

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The-Fox-Says t1_j3smqb4 wrote

Yeah 50 year lows in unemployment is what I heard. Software at 1.8% unemployment the rest at 3.5%

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tcmart14 t1_j3v6c59 wrote

I’m a software engineer not in crypto and just got a pretty nice raise. We are looking to expand our team by 33%. It’s not some big major tech company, but tech isn’t doing that bad. It’s the big players eliminating overhead and crypto. Tons of smaller firms still hiring!

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rice_not_wheat t1_j3tpz1k wrote

QQQ has been doing poorly but the S&P 500 outside tech is doing fine. Been getting some pretty sweet dividends.

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