Unemployed? How Long Until You Find That Next Job

An anonymous reader writes "If you're unemployed like me, you probably want to know how long it will last. Well, someone decided to see if they couldn't stastistically predict how long they would be unemployed by polling others - the results page is up for a variety of industries and it's interesting. Clearly the more data put in, the better the results, so while your at it, submit your own information."

Comments

He won't find a job in statistics

[KDan]

Well, he sure won't find a job in a department that's involved in any kind of statistical work, that's for sure. The main thing which comes out of his tables is that there is little no correlation between salary and unemployment length. The only remotely useful table in there is the unemployment by industry, but there the sample is far too small to derive any conclusions...

There's nothing wrong with not finding correlation per se, but the author of the site presents the tables as if they had some meaning, without mentioning the fact that their only meaning is that they have no meaning... He should certainly make a note about it, and that page would certainly gain from having the Pearson correlation coefficient calculated for each table (and having only two data columns in each table).

Daniel

unemployment

[prmths]

I've been unemployed since January of 2002. Thats about 28 months so far
but anyways.. I've noticed that things look like cr*p lately and it'll be a while before they improve. So i've decided that i'm going back to school to get my master's. I've wanted to do it anyways... Hopefully that'll put me in a higher standing than I am now..

On a side note; I'm not sure if this has anything to do with the times or not, but a friend of mine told me that even if someone has a ton of experience, and then they graduate college with a bachelor's or masters or whatever... Some employers tend to ignore all work experience prior to graduating. does anyone know if this is true? if it is, i think it's the most retarded HR practice i've EVER heard of. Can someone PLEASE enlighten me on the subject.

A little Economics 101

[phusers]

For the unemployed out there, I can only offer some economic view on what needs to happen. According to Okun's law, there needs to be a 2.5% growth in the GDP in order for unemployment to go down. The GDP figure was released last week and well, unemployment won't be going down for a while. Sorry guys, until the economy picks up somehow either through increase consumption spending, govt expenditures in the form of jobs, or increased business investment the economy will not grow to the required 2.5% and will not lower unemployment.