More than 28% of Americans are now searching for a new job — the highest rate in a decade
More than 28% of Americans are now searching for a new job — the highest rate in a decade
People’s fears of losing their jobs are at the highest point in a New York Fed survey’s 10-year history, even as the unemployment rate remains low.
Probably because these companies keep playing hard to get (archive version).
Are you drawing a conclusion from this?
Mostly just posting some accurate information for context
I also am implying yes that the metric of “number of Americans who are looking for a new job regardless of whether or not they’re currently employed” is kinda bullshit
And by implication that posting this article in this particular way (with its implied incorrect meaning of “searching for a new job”) is likewise bullshit
“Unemployment” as a metric is actually bullshit also, for a couple different reasons, but this article I think is probably substantially worse
US Chamber of Commerce doesn't exactly seem like the most impartial source...
I also don't recall a recession happening in 2020 and during COVID, employers were fighting tooth and nail to get bodies in the door with increased pay and benefits, which seems to completely contradict this graph.
What you're showing is the past. People's expectations drive the future, quite literally, by changing their spending and other decisions based on those expectations. If a third of people are looking for a job, this will have significant effects in the near term.
Employment metrics are all bullshit anyway. Who actually wants to be used (aka employed)? Who actually wants to waste their life serving capital?
We need to stop acting like "full employment" is a good thing and instead demand a 4-day week (at most), maternity/paternity leave, extensive vacations, livable wages, public health/welfare, etc.
Unions need to grow and start flexing power.
I'll get right on that
Chaff