12-26-2012 12:13 PM
I checked out the site. It seems to be just a collection of news articles about specific layoffs. One thing that jumped out at me was that almost none of them were in tech -- and of the two I saw in tech, one was in Germany.
I used to receive a weekly list that was just the opposite -- links to news stories about announced expansions categorized by state. I can't say that it was particularly useful, and I can't imagine that this is, either. Knowing that Staples is cutting back isn't going to tell me which skills are in demand, how they relate to the skills I already have, and how I'm going to fit those two things together to find my next job.
12-26-2012 12:59 PM
Fourteen million out of work? More than 14M.
The "U-3" unemployment rate is a fictitious number reported in the mass media and manipulated by politicians to get them elected/re-elected and/or to re-assure the populace.
The "U-6" unemployment rate is a more accurate estimate of the true unemployment rate in the U.S.
Boycott Companies That Boycott American STEM Professionals
12-27-2012 02:00 AM - edited 12-27-2012 02:05 AM
I was being a trifle factious with that 14M. It was what some meat-puppet Demogogue shill on TV said.
One underlying point of those daily job cuts is this: those would be the folks who would buying the products and services of the companies for which you'd be working.
But if those erstwhile wage-earners are living hand-to-mouth, they won't be buying much beyond absolute necessities. Food, housing, fuel for existing transport, and maybe winter clothes. That last by shopping at the Goodwill and Salvation Army stores...
A constant drum-beat of cuts and closures also creates a negativity milieu, and people cut back, and then their slowing consumption causes the next retraction, and that bad news... A downward spiral.
What I glean from the BLS page was their statisticians guess that the real unemployment rate is circa 14 - 15%. Problem I have with such government statistics is that, in an adult life exceeding 40 years, I've never been queried or surveyed on such subjects. The most involved I personally have ever been in any data-collection process was answering short-form census questions.