Last week’s data shows different trend than full last year’s data. Let’s not lose our minds over that please.
That’s not what I meant.
Even a broken clock is right twice a day, and the cons calling the Bureau of Labor Statistics useless was one example.
When a person can’t quickly find a new job, BLS just stops counting them as unemployed.
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If you’re implying these are contradictory then you need to work on your media literacy.
One is positive spin, one is negative spin.
You might need to explain it to me because I don’t understand how can layoffs be low, but also be at the highest point since the pandemic.
Let’s try it this way:
Worst layoffs since pandemic implies a lot of layoffs - bad situation.
Best week of seven months implies a short term lull - “least bad” situation.
If 100 k people are laid off each month, some weeks there will be more than others (maybe 25 k, 30 k, 25 k, 20 k) with a best week and a worst week. The month could still be the worst of the year, and the year worse than the previous, there will still be a best week.
No, I understood that. It’s rate vs amount.
Numbers-wise, one says we have more layoffs this year total than we did five years ago, and the other says that we are at the lowest rate in 7 months.
It’s kind of two different measurements, like measuring speed vs acceleration.
Uh, also, they’re not “kind of” two different measurements, they are entirely different stats, far more distinct than speed and acceleration. The top one is people filing for unemployment benefits, and the bottom is the number of layoffs some company measured. People can file for unemployment months after losing a job, or not file at all, and there are all kinds of ways to lose a job that don’t involve getting laid off.
There’s probably a correlation between the two, but having the two show vastly different stories isn’t surprising either.
Oh yes, I thought that might be what u/LibertyLizard meant. To be honest, I got kinda of defensive bc of how that comment was written.
Anyway, I was trying to point out how this stuff is framed. One person says we’re doing great and another says everything is on fire.
That’s what I meant by the title.
Sorry, I guess I misunderstood. I thought you were saying the stories were just made up.
No worries dude! :). But, yeah, I just meant we’re on a roller coaster that we have no control over and it feels like a game of Who’s Line Is It Anyway?
I got what you meant bud. I think these dudes might be being purposefully obtuse.
Civilized conversations on the internet, yuuurk!
Not on MY watch.
