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View Poll Results: Which group do you currently belong to?
G1 103 90.35%
G2 2 1.75%
G3 0 0%
G4 2 1.75%
G5 7 6.14%
Voters: 114. You may not vote on this poll

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  #1  
Old 06-21-2020, 05:06 PM
kimjongfun kimjongfun is offline
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Default June 2020 AO Unemployment Survey

Updated with June 2020 Results (shown below)

I've posted this survey in a few times before, including in early February of this year, but since quite a lot has happened since then, I figured maybe we could get a mid-year snapshot of 2020 as well.

Respond by selecting the group you belong to:

G1: Currently employed in an actuarial role, >1 year of experience in actuarial

G2: Currently unemployed and seeking actuarial employment, >1 year experience in actuarial

G3: Employed in non-actuarial role but seeking actuarial role, previously employed in actuarial role with >1 year of experience in actuarial

G4: Retired/not-working by choice

G5: Other (students, interns, new hires, career changers with no luck yet, etc)

Headline AO unemployment Rate will be calculated as (G2+G3)/(G1+G2+G3)

Strict AO Unemployment Rate will be calculated as G2/(G1+G2)

Underemployed rate will be G3/(G1+G2+G3)

Survey will be open for 7 days

Previous results:
Broad AO Unemployment Rate (G2+G3)/(G1+G2+G3)
Nov 2016: 6.0%
Mar 2019: 4.5%
Feb 2020: 2.7%
Jun 2020: 1.9%

Strict AO Unemployment Rate G2/(G1+G2)
Nov 2016: 2.8%
Mar 2019: 3.4%
Feb 2020: 2.7%
Jun 2020: 1.9%

Underemployed rate G3/(G1+G2+G3)
Nov 2016: 3.4%
Mar 2019: 1.1%
Feb 2020: 0.0%
Jun 2020: 0.0%

Number of responses: sum(G1:G5)
Nov 2016: 164
Mar 2019: 98
Feb 2020: 121
Jun 2020: 114

Nov 2016 post if curious: http://www.actuarialoutpost.com/actu...d.php?t=315976

Mar 2019 post: http://www.actuarialoutpost.com/actu...d.php?t=338964

Feb 2020 Post: http://www.actuarialoutpost.com/actu....php?p=9801284

Last edited by kimjongfun; 07-04-2020 at 03:01 PM..
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  #2  
Old 06-24-2020, 10:00 PM
kimjongfun kimjongfun is offline
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mid-week bump

trying to get at least 100 responses
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  #3  
Old 06-25-2020, 12:49 PM
Canadiens Fan Canadiens Fan is offline
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If I may suggest a change, I would take out the part about >1 year experience. That way you can get rid of G5.
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  #4  
Old 06-25-2020, 12:55 PM
Opplegran Opplegran is offline
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Disagree. G5 is good so that you don't get people skewing the rest of the study who aren't really "unemployed actuaries" in the sense that they have never been an actuary before, and it's a competitive field.
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  #5  
Old 06-25-2020, 03:38 PM
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DataDan DataDan is offline
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how much data would you need for a credible unemployment rate that doesnt have significant margin for error? Likely more users than we have here to vote.
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  #6  
Old 07-02-2020, 09:19 PM
kimjongfun kimjongfun is offline
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Thanks for helping us get to over 100 responses everyone. Looks like fortunately so far COVID has not caused actuarial layoffs, and this is actually the lowest AO unemployment rate yet.

Hopefully this trend continues but I think I'm worried about 2021 when companies get through crisis mode
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  #7  
Old 07-04-2020, 03:00 PM
kimjongfun kimjongfun is offline
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Quote:
Originally Posted by Opplegran View Post
Disagree. G5 is good so that you don't get people skewing the rest of the study who aren't really "unemployed actuaries" in the sense that they have never been an actuary before, and it's a competitive field.
Exactly. I'm not looking to count people who aren't actuaries but want to be one.

It's like saying the CEO unemployment rate is 99% because so many people would want to be a CEO.
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  #8  
Old 07-04-2020, 06:57 PM
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whoanonstop whoanonstop is offline
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Quote:
Originally Posted by kimjongfun View Post
I'm not looking to count people who aren't actuaries but want to be one.
How are you counting people who are actuaries but don't want to be one?

-Riley
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  #9  
Old 07-06-2020, 03:12 PM
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hrm57 hrm57 is offline
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IMHO due to selection bias most of those people aren't posting on this forum.

A few, like you and hostess provide a valuable perspective, but most posters on here probably want to stick with actuarial.

So I guess they aren't represented in the survey, or on the board for that matter (for the most part).
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  #10  
Old 07-06-2020, 09:48 PM
kimjongfun kimjongfun is offline
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Quote:
Originally Posted by whoanonstop View Post
How are you counting people who are actuaries but don't want to be one?

-Riley
well for now you answer our survey as G1, but then when you peruse OtherCareerOutpost and answer their unemployment survey you'd likely be G3 or G5
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