|
|
Statistics on "types" of layoffs ?
05-15-2009, 04:08 PM
|
#1
|
Full time employment: Posting here.
Join Date: Dec 2004
Posts: 699
|
Statistics on "types" of layoffs ?
I've seen earlier recessions with spikes in unemployment towards/above "double digits".
But this one is much different - earlier recessions seemed more "blue collar concentrated" back in 70's and 80's -- in fact, I suspect white collar jobs grew through those periods.
This time, all the people I know who are laid off are white collar professional folks. This seems like the "college educated recession".
Anybody else see this ? Any statistics ?
Maybe there's no more blue collar folks to lay off.....
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
05-15-2009, 05:18 PM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
|
I just recently heard the talking heads on tv say, " The lowest unemployment rate is the college educated"
So I dont know what to make of it heh.
|
|
|
05-15-2009, 06:24 PM
|
#3
|
Full time employment: Posting here.
Join Date: Dec 2004
Posts: 699
|
Quote:
Originally Posted by Notmuchlonger
I just recently heard the talking heads on tv say, " The lowest unemployment rate is the college educated"
.
|
I think the above statement is true. But I think college educated unemployment has historically been below 3%, with non-college educated at 6+%.
But now I think the gap between college and non-college is much closer (but college still lower).
Most of the people I know went to college. For 30 years, I could never name more than 2 or 3 people out of work at a given time.
Right now I can name 30-40 people I know who are out of work.
|
|
|
05-15-2009, 06:37 PM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 5,214
|
Quote:
Right now I can name 30-40 people I know who are out of work.
|
Wow. I don't even know that many people outside of work myself.
|
|
|
05-15-2009, 06:43 PM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
|
Quote:
Originally Posted by Delawaredave5
I think the above statement is true. But I think college educated unemployment has historically been below 3%, with non-college educated at 6+%.
But now I think the gap between college and non-college is much closer (but college still lower).
Most of the people I know went to college. For 30 years, I could never name more than 2 or 3 people out of work at a given time.
Right now I can name 30-40 people I know who are out of work.
|
Everyone I talk to is working. From blue collar to white collar. Probably the fields they are working have something to do with it. Medical/engineering/IT and some manufacturing (IE machinist/tool and die)
Obviously we know there is a high unemployment rate. Perhaps the people I know are just lucky?
|
|
|
05-15-2009, 07:11 PM
|
#6
|
Full time employment: Posting here.
Join Date: Dec 2004
Posts: 699
|
Quote:
Originally Posted by tmm99
Wow. I don't even know that many people outside of work myself.
|
My contact manager has over 2,000 names in it - but probably 500-ish that I've had any contact with over last year.
So if I know 40 people out-of-work, out of 500 "population" - that's 8% - actually around average.
However, that's still 10x what I'm used to.
|
|
|
05-15-2009, 08:14 PM
|
#7
|
Dryer sheet wannabe
Join Date: May 2009
Posts: 11
|
I have seen a lot of companies do drug testing and lower or let go of there temp agencies. I have not seen a lot of full time workers laid off. I know of 27 entry level jobs that no one wants right now because there to good to do the work.
|
|
|
05-15-2009, 10:29 PM
|
#8
|
Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
|
Quote:
Originally Posted by farmerbrown
I have seen a lot of companies do drug testing and lower or let go of there temp agencies. I have not seen a lot of full time workers laid off. I know of 27 entry level jobs that no one wants right now because there to good to do the work.
|
Im curious farmerbrown. What entry level jobs are you talking about?
|
|
|
05-15-2009, 10:46 PM
|
#9
|
Dryer sheet wannabe
Join Date: May 2009
Posts: 11
|
I’m sorry I was not thinking. The companies that drug tested and let go of there temp workers are manufacturing jobs.
The jobs I know of are dish washing, simple farm jobs, and janitorial jobs.
|
|
|
I think it depends on the industry
05-16-2009, 05:31 AM
|
#10
|
Full time employment: Posting here.
Join Date: Oct 2006
Posts: 783
|
I think it depends on the industry
Our small company was 30 people about a year ago. There are 19 of us left and I am sure we will lose another 3 or 4 within a month or two. Of those that are already gone about half have college degrees.
In addition to that the remaining employees have all taken pay/benefit cuts in the range of 20-25%. We are tied to the US auto industry so we are suffering.
|
|
|
05-16-2009, 08:53 AM
|
#11
|
Full time employment: Posting here.
Join Date: Jan 2008
Posts: 848
|
My gut feeling is that you're right about more white collar workers being laid off now. I can't point to any statistics but it seems that more and more white collar jobs are being outsourced to lower cost (ha) overseas places. That's been where blue collar jobs have been going for a long time, now white collar is catching up.
Is a FIREd person considered gray collar?
|
|
|
05-16-2009, 10:02 AM
|
#12
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
|
Quote:
Originally Posted by JoeDreaming
Is a FIREd person considered gray collar?
|
My tee shirts don't have collars......
__________________
There's no need to complicate, our time is short..
|
|
|
05-16-2009, 10:22 AM
|
#13
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
|
Quote:
Originally Posted by Delawaredave5
But this one is much different - earlier recessions seemed more "blue collar concentrated" back in 70's and 80's -- in fact, I suspect white collar jobs grew through those periods.
|
This is not accurate. From the early 80s to the dot.com bust we have had rolling recessions throughout the nation - rust belt workers in the early 80s, middle management in the middle 80s for example.
Quote:
Originally Posted by Delawaredave5
This time, all the people I know who are laid off are white collar professional folks. This seems like the "college educated recession".
|
Our economy has changed over the past 40 years and the traditional stereotypes don't really apply any more. Especially with the rise of the service industry.
It may appear to be more of a college education recession because the news media relates to that group better.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
|
|
|
05-16-2009, 08:00 PM
|
#14
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
|
I read a snippet the other day noting that the unemployment rate for 20 to 29 year olds was ~ 14%, many of them recent college grads.
I don't have the figure here, but the rate of adult kids living with their folks is very high.
|
|
|
05-17-2009, 06:35 AM
|
#16
|
Recycles dryer sheets
Join Date: Mar 2007
Posts: 236
|
Quote:
Originally Posted by Delawaredave5
But this one is much different - earlier recessions seemed more "blue collar concentrated" back in 70's and 80's -- in fact, I suspect white collar jobs grew through those periods.
This time, all the people I know who are laid off are white collar professional folks. This seems like the "college educated recession".
Anybody else see this ? Any statistics ?
Maybe there's no more blue collar folks to lay off.....
|
I respectfully disagree....... it's really more a function of the area in which you live. I live in Oregon which (used to) support a lot of RV manufacturers. About 3 of the major RV manufacturing firms all went bankrupt this past Christmas which put thousands of workers out of work - all within the same geographic area. My son-in-law is one of the many blue collar workers affected. All of a sudden there are thousands of workers looking for work in a bad economy. There are not many jobs where these folks can go.
You must live in a white collar area - think bigger, like GM.
|
|
|
05-17-2009, 08:49 AM
|
#17
|
Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,434
|
Quote:
Originally Posted by Delawaredave5
I've seen earlier recessions with spikes in unemployment towards/above "double digits".
But this one is much different - earlier recessions seemed more "blue collar concentrated" back in 70's and 80's -- in fact, I suspect white collar jobs grew through those periods.
This time, all the people I know who are laid off are white collar professional folks. This seems like the "college educated recession".
Anybody else see this ? Any statistics ?
Maybe there's no more blue collar folks to lay off.....
|
If you live in Delaware then you know the solution they have found. That 8% decrease in state employee salaries is producing more retirements according to my husband. Jobs are opening in Delaware as we speak. Maybe many of the older white collars that have been laid off are just retiring earlier than they expected. Blue collar workers not eligible for SS probably don't have that luxury.
|
|
|
07-06-2009, 06:04 AM
|
#18
|
Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,330
|
__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
|
|
|
07-06-2009, 09:52 AM
|
#19
|
Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Silicon Valley
Posts: 1,812
|
My former company has shrunk from 275 employees to 95 before the last round of layoffs. The majority of the layoffs would have been college educated. Last I heard, many were struggling to find employment.
__________________
I be a girl, he's a boy. Think I maybe FIRED since July 08. Mid 40s, no kidlets. Actually am totally clueless as to what is going on with DH.
|
|
|
07-06-2009, 12:33 PM
|
#20
|
Full time employment: Posting here.
Join Date: Dec 2004
Posts: 699
|
Quote:
Originally Posted by Tadpole
If you live in Delaware then you know the solution they have found. That 8% decrease in state employee salaries is producing more retirements according to my husband. Jobs are opening in Delaware as we speak. Maybe many of the older white collars that have been laid off are just retiring earlier than they expected. Blue collar workers not eligible for SS probably don't have that luxury.
|
Jobs are not opening in DE. The 8% decrease never happened and state employees are "hanging on to their jobs" like company folks. Several thousand people have been laid off by area banks, DuPont, and closing of GM and Chrysler plants.
Majority of bank and DuPont jobs were college educated. I'd bet 1/2 of auto jobs were same.
IMHO, this clearly is a "white collar oriented" recession. In earlier recessions, any white collar folks let go in manufacturing were absorbed by banking, health care, and retail.
Unfortunately not this time - and in fact retail and banking are leading the layoffs.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|