Comments by "L BA" (@lambertois11) on "Summers: Surprised, not Shocked by January Jobs Numbers" video.

In the past months, Technology companies have announced several waves of thousands of layoffs. But the unemployment rate did not increase significantly. The answer is simple. The Tech workers who were terminated were temporary foreign workers with H1-B visa. The temporary foreign workers with H1-B visa are not included in unemployment statistics When a foreign worker contract with H1-B visa is terminated, he has a grace period of 60 days to find a new employer or leave the country.
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