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  #3091  
Old 02-05-2019, 11:39 PM
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Colonel Smoothie Colonel Smoothie is online now
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At that age, a lot of those actuaries are VPs/SVPs. If money really is a thing, but they are competent, the worst case scenario is they can take a job as an analyst at a severe pay cut. But many actuaries at that age have substantial savings, so they'd rather not bother and many simply retire.
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Originally Posted by Wigmeister General View Post
Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.
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  #3092  
Old 02-06-2019, 02:04 PM
ManualThumper ManualThumper is offline
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Thank you Colonel Smoothie for the spoiler (if life is a TV show).

I think it's important to keep these in mind so young actuarial candidates can have a realistic understanding of what's waiting for them so they can calculate their expected cash flow projection more accurately. I still remember when I went to ASNY in the early 2010s and all that spiel churned out by those presenters as if this profession is the best one you can ever get.

That reminds me of a conversation with my IT friend:

Me: So why do you want to quit your IT job in 10 years?
Friend: Cuz in IT it's typical you get laid off in your 50s
Me: So why don't you quit now and move into a profession that's more employable at 50s?
Friend: Cuz they pay less so the accumulated extra earning working in IT before you get laid off is more than enough to compensate the difference. And there are many jobs related to IT you can transition into later on in your life anyway.
Me: ......
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  #3093  
Old 02-06-2019, 03:31 PM
Heywood J Heywood J is offline
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FYI - the employment rate is rigged cuz those who cannot find a job after a certain time automatically drop out of the denominator.
That's not true.
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  #3094  
Old 02-07-2019, 01:22 PM
ManualThumper ManualThumper is offline
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Originally Posted by Heywood J View Post
That's not true.
The exact way BLS is calculating is beyond my knowledge, but this article does a better job in explaining this:

https://qz.com/877432/the-us-unemplo...nt-need-to-be/
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  #3095  
Old 02-08-2019, 10:50 AM
Heywood J Heywood J is offline
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Originally Posted by ManualThumper View Post
The exact way BLS is calculating is beyond my knowledge, but this article does a better job in explaining this:

https://qz.com/877432/the-us-unemplo...nt-need-to-be/
The correct answer is that if you're looking for work, you're counted as unemployed. The length of your unemployment has nothing to do with it.
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