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charliea0 4 days ago

The unemployment rate in the information-technology job market is 4.5%?

toomuchtodo 4 days ago | parent [-]

Over 650k tech layoffs have occurred in the last 4 years. Companies have tried as hard as they can to offshore and use visa labor to avoid hiring US citizen workers. This doesn’t account for new job creation needed for workers entering the workforce. Corporations are also hiding jobs from US citizens (citations which you can find in my other recent comments).

https://layoffs.fyi/

Ask HN: Has anyone else been unemployed for over two years? - https://news.ycombinator.com/item?id=45306539 - September 2025

Ask HN: Recent unemployed CS grad what do I do? - https://news.ycombinator.com/item?id=43211153 - March 2025

https://newsletter.pragmaticengineer.com/p/state-of-the-tech...

https://www.theregister.com/2025/08/04/it_job_market_july/

https://www.nbcnews.com/business/economy/job-market-report-c...

https://www.axios.com/2025/07/06/unemployment-job-market-edu...

https://old.reddit.com/r/sysadmin/comments/1kcc40j/what_happ...

https://apnews.com/article/college-graduates-job-market-unem...

charliea0 4 days ago | parent [-]

Given all of that, the unemployment rate is still only 4.5%.

toomuchtodo 4 days ago | parent [-]

Sounds like the metric is unreliable and cannot be trusted as input for policy, based on the evidence and ground truth.

U-6 (the most inclusive unemployment rate) is 8.1 as of this comment, the highest it’s been in the last five years: https://fred.stlouisfed.org/series/U6RATE

So, start cutting labor visas until the unemployment rate improves. The domestic labor clearly exists.