Between 1.Ghost jobs 2.Spam job listings 3.Jobs that are constantly re-listed for behind the scenes reasons (company incompetence and internal disputes) 4.Jobs that are mis-listed such as not currently available due to automated systems 5.real jobs canceled due to lack of funding 6.real jobs canceled due to lack of applicants (which are often renamed and re-listed). All these seem to account for a massive portion of the market from what I have seen and many reports from friends and co-workers.
The reality is, when most of the wealth is extracted, there is nothing more. When everything is tied to money, there are no altruistic societal goals that can go beyond and continue to improve living standards and well being. Eventually, the wealth of the few can become so concentrated, it either becomes worthless as a tool for exchange, or those folks lose their heads. That just what history tells you. The rubber band either needs to snap back to something more balanced, or it will break
I used to be a software developer, nobody was hiring, now I'm a tire technician and I'm so much happier
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
Congress needs to pass a law with federal jail time (one month) for those directly responsible for posting fake jobs and as well as the ceo ultimately responsible. Once a few get locked up everyone will clean up their act.
Meanwhile companies are opening and expanding their offices in india. Project planners, operations, audit all going to india.... it's insane and could create a recession itself.
Companies are getting competitive posting ghost jobs. The whole job market resembles a ponzi scheme at this point.
All job reports are cooked Many layoffs in big companies I’m witnessing by myself
Finally!!! Somebody needs to talk about it everybody is celebrating the new year and they don’t even have a job
Thanks for explaining what I was experiencing the past year in the job market. A lot of job openings but no one was hiring. This should be criminalized as false advertising. Thankfully I found a FT role but what I experienced in the past 18 months was very much like what I experienced being unemployed during the Great Recession.
Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis, bank crisis, retirement crisis. How many crises can a koala bear?
They can't find cheap workers thats the 'problem' and 'crisis'
Who’s optimistic when it literally feels like the rug under us is being yanked faster every year. People can’t keep up
Unemployment is an odd concept in an economy where for so many folks it’s necessary to work multiple jobs just to get by. Loose one and you’re counted as employed but suddenly don’t have enough money to live.
The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point.
candidatepicker AI fixes this. Hiring Crisis Impacting Christmas Shopping
jolts is always lifesucking to hear, because companies are not hiring. Just because there is a job opening, doesn't mean they want to hire someone. Nowdays it's all lame publicity
In order for Japan to remedy hyperinflation, they basically closed the gates and forced companies to leave a job open. That forces the companies to do anything other than reach for visas. Outreach to schools, boost training, internal team and project mgmt, wait. Our immigration numbers are adjusted, and the 10 year census looks as if our unemployment magically stays within a 4.2 - 4.5% give or take, when our natural unemployment is probably low. When companies grow, they want the jobs filled fast. We add people to the meat grinder, and sectors and communities become thick with lemmings and groupies. It's duck-duck-goose. Our policy was never grow an empire from within. We always hit that ledge of buildup before a huge earthquake. Taxes increased for municipal, high demand in areas creating disparity, high competition creating price increase to meet targets. A fabless society. Schools cranking out more degrees than the job market can withstand. It's too much. Probably too many schools, student visas paying the bills for campuses, the money train. Too many firms on Wallstreet spreading out profits. It's not as self-governing as people are led to believe. Our T-bills, trading on a credit line. China and Japan cash in at the worst moment.
Higher unemployment rate and lower wage growth is by design. This is exactly how the Feds want to get inflation under control. When people have less money, they spend less, and spending less puts pressure on the profucers to lower their prices or at least not to increase it as fast. It's brutal, but it's by design.
@eurodollaruniversity