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Economists say the labor market is strong — but job seekers don't share that confidence. Why getting a job feels impossible right now (www.cnbc.com)
submitted 2 years ago by to c/news@lemmy.world
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[+] -15 points 2 years ago (3 children)

Payroll employment is way up. An HR scam can’t really fake that.

But CNBC and The NY Times, who IMO hate Biden for not being a true lefty, can keep taking about how shitty everyone feels.

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  • [–] 8 points 2 years ago (1 child)

    Payroll employment is way up.

    Cough...workforce participation rate...cough

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  • [–] 1 point 2 years ago (1 child)

    The Boomers retired.

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  • [–] 1 point 2 years ago (1 child)

    Uh huh. So why don't you spend a minute going to Labor statistics site and then seeing the sub breakdown by age group? It is not just boomers retiring it is prime working age adults not working.

    Which why should they? You get better medical insurance not employed vs employed. The salaries are trash anyway. Plus you are just going to get laid off at any moment.

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  • [–] 3 points 2 years ago* (last edited 2 years ago) (1 child)

    There are 157.7 million people employed. 5 million more than before the pandemic. More than any time in US history.

    Boomers start at age 59 and north. So they will show up as working age adults. Since there are so many more of them not working than the Zs that are replacing them that skews the statistics.

    Edit: The labor participation rate for 25-54 is the same as it was in the 1990’s and much higher than in the 2010’s.

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  • [–] -2 points 2 years ago (1 child)

    There are 157.7 million people employed. 5 million more than before the pandemic. More than any time in US history.

    US population is higher.

    Boomers start at age 59 and north. So they will show up as working age adults. Since there are so many more of them not working than the Zs that are replacing them that skews the statistics.

    Not an excuse

    Edit: The labor participation rate for 25-54 is the same as it was in the 1990’s and much higher than in the 2010’s.

    People don't work before age 25 or after 54? I want the numbers between 16-65. Thanks

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