Available job numbers are BS

[TheDan]

I've been saying this for nearly three years now. Most of what is being blamed on a "labor shortage" is actually because of the failing economy and inflation. There's plenty of people out there looking for work. Retail and service stores that are shorthanded simply don't have the capital to keep up with inflation, and larger companies are posting jobs they never intend to fill in an effort to make it look like the company is still growing and try to placate the employees that still have.

Many people want to blame it on the r/antiwork social contagion and free shit army, but the rona handouts ended two years ago. The antiworkers are a minority and the most dedicated of them are homeless now (which is a whole other social contagion we're seeing).

With the Fed's dual mandate of controlling inflation and maintaining maximum employment, it would appear from the fake jobs numbers that the Fed has plenty of room to destroy even more capital to try to get inflation under control, but the truth is unemployment/underemployment is already high. I'm sure everyone here is already prepared, but the layoffs you're seeing are going to keep getting worse.

Survey: Job Seekers Beware of Ghost Jobs | Clarify Capital

Does a job opening mean something different today than it used to in the past?

clarifycapital.com

 

[msharley]

340% of the jobs "listed".....??

Almost like the voting machines, here....

 

[TheDan]

340% of the jobs "listed".....??

Almost like the voting machines, here....

View attachment 380485

Intelligence tests are everywhere aren't they.

 

[no2gates]

The company I work for "furloughed" a little over 10% of the employees about 6 weeks ago.
I wasn't one of them luckily, but I can pretty much guarantee there will be no raise this year.

 

[dsgrey]

I've been unemployed for 7 months after 37 years of employment. A lot of job postings but they are either searching for a unicorn that matches 100% of the 50 qualifications or they are posting with intent of filling internally. I've had several interviews canceled due to the job being frozen or layoffs since the interview was scheduled. A large increase in these since late January 2023. Many low paying 2 - 3 year experience jobs. I've also looked at contract work but I'm seeing W2 rates that I saw back in the late 1990's.

 

[OutlawStar]

I just watched a video on this exact same subject earlier today. Granted its by an anti-corporate nonsense kinda guy but it seems fairly detailed where he reviews and reacts to articles of others (its only 5 minutes, you decide if its credible or not). It (and OPs post) makes sense to me. If a company can just keep making ghost positions hoping to get hundreds or thousands of applications they have no real intention on hiring, they can play internal numbers games of figuring out how to accurately gauge the salary (you'll notice nobody lists a salary anymore, its always "competitive" or $100k-600k based on skills and experience), just gauging if they should get rid of some low performers how fast could they replace a specific position, or planning growth, reasons both good and bad seem really numerous but it also seems like another HR justifying their own jobs sometimes.




I will comment however when people point out retail and service is always short handed. If you've ever worked a retail, food service, or direct customer service job you'll know those wokers most of the time simply don't get paid enough to deal with the problems in many of those jobs. I am not a "minimum wage should be $50/hour for living wage!" moron, I just remember my prior food service job and currently work in customer service. I recognize a retail worker (think maybe an attendance at Lowes, return desk at Walmart, whatever) is such a crappy job and dealing with pissed off, irrational, and unreasonable customers on a daily basis isn't worth $15 an hour for me. Its actually frustrating telling a customer "no I cannot do that" or "I'm sorry this was out of my control but let me see what I can do to correct it" and they just want to unload their anger on you. We've all seen a Karen demanding an employee be fired for a simple mistake, or someone shouting at a poor retail worker for whatever reason. I fully understand when people refuse to work in customer service, retail, or food service for less than $20 an hour. Its actually a miserable job. You want a good employee in that position to eliminate problems as a manager or owner? You have to entice quality people with more money!

 

[toddnjoyce]

I would be suspect of information from a site that markets itself to small business owners.

As an HR guy at an F100 firm, we’re hiring more than cutting and those who were cut have 60 days after notification to find a role internally.

There’s no value in accepting applications for a role that’s not going to be filled externally. In fact, it’s a financial drain. External openings take longer to fill which drags down productivity while at the same time adding costs by forcing us to protect retained applicant data for 3-7 years depending on the role. Much easier to direct hire or use a headhunter.

Having said that there is very much a ‘ghost’ skills mismatch. Most people who can translate what they’ve done to current corporate vocabulary are having no problems getting hired internally and externally. Anecdotally, my team just hired two EES; both were posted internal and external; one of each was hired. Our external candidates were doing a much better job translating their skills than our internals. Food for thought: words mean things and business acumen vocabulary is constantly evolving.

The other ‘ghost’ feature is superwide pay bands. I’ve seem six-figures between the low and high ends for certain positions, in effect casting a wider net and using that one opening to fill multiple unposted roles.

 

[Tnhawk]

The company I work for "furloughed" a little over 10% of the employees about 6 weeks ago.
I wasn't one of them luckily, but I can pretty much guarantee there will be no raise this year.

FJB

 

[easy rider]

While I can't say for certain in all cases, I can tell you that many companies (industrial) in my area are having a hard time filling jobs. More and more are coming to the college recruiting than ever before. Some have told me that they'll hire people, and they just don't want to do the work. One even told me that someone they hired, didn't want to get dirty.

 

[msharley]

I just watched a video on this exact same subject earlier today. Granted its by an anti-corporate nonsense kinda guy but it seems fairly detailed where he reviews and reacts to articles of others (its only 5 minutes, you decide if its credible or not). It (and OPs post) makes sense to me. If a company can just keep making ghost positions hoping to get hundreds or thousands of applications they have no real intention on hiring, they can play internal numbers games of figuring out how to accurately gauge the salary (you'll notice nobody lists a salary anymore, its always "competitive" or $100k-600k based on skills and experience), just gauging if they should get rid of some low performers how fast could they replace a specific position, or planning growth, reasons both good and bad seem really numerous but it also seems like another HR justifying their own jobs sometimes.




I will comment however when people point out retail and service is always short handed. If you've ever worked a retail, food service, or direct customer service job you'll know those wokers most of the time simply don't get paid enough to deal with the problems in many of those jobs. I am not a "minimum wage should be $50/hour for living wage!" moron, I just remember my prior food service job and currently work in customer service. I recognize a retail worker (think maybe an attendance at Lowes, return desk at Walmart, whatever) is such a crappy job and dealing with pissed off, irrational, and unreasonable customers on a daily basis isn't worth $15 an hour for me. Its actually frustrating telling a customer "no I cannot do that" or "I'm sorry this was out of my control but let me see what I can do to correct it" and they just want to unload their anger on you. We've all seen a Karen demanding an employee be fired for a simple mistake, or someone shouting at a poor retail worker for whatever reason. I fully understand when people refuse to work in customer service, retail, or food service for less than $20 an hour. Its actually a miserable job. You want a good employee in that position to eliminate problems as a manager or owner? You have to entice quality people with more money!

Where I live? (Central blame Pa)...

I hate to say this, but SHEETZ (similar to Circle K) is an actual career choice....(shock/awe)

They pay $15 - $18/hr...and..........reimburse for college tuition!

Compare that to $8.50/hr on the drilling rig?

Folk are wising up...they can sit at home and starve....(as opposed to busting their hump on the drilling rig)....

All of the Trade Unions (I retired with 40+yrs in the Steamfitters).....are begging for manpower.....Have talked to several youngsters about getting into the Trades....as EasyRider said above...they don't want to get dirty....

Myself? Here? Any youngster that is not college bound (and face it, in reality only the top 5%, MAYBE, of a college class actually get hired in that field...25% get in the trades, after the 4 year beer party at college....the rest? Well...would you supersize that?)

Have four sons, all gainfully employed & not in jail. One is an OTR driver ... his firm is begging for people ..... One works in the coal mine...they can't get people. One is working two jobs...either one of which would hire any warm bodies.....Youngest is 16yrs in USCG...he says the mechanical skills of the "newbs" are..........dismal at best....

As a Nation? I think that old Chinese saying, "Interesting times.".....?? applies...??

 

[easy rider]

Folk are wising up...they can sit at home and starve....(as opposed to busting their hump on the drilling rig)....

Those are the people liking the idea of living in the pods and eating the bugs.

 

[pronstar]

They’ve been using falsified data - completely opposite of numbers reported by payroll companies - to justify rate hikes for quite some time.

The Fed has few tools.
The tools they do have are not working as intended, and they never have.

That’s what happens when the worlds largest collection of economists stares at their computer models for answers, and don’t open their eyes to the world around them.

The Truth About The "Blow Out" Jobs Number Has Been Exposed

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Jobs Report Shocks Wall Street (What Will Fed Do Now?)

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[69ChevelleLSX]

I signed up for foreclosures in my area right now it’s been running 10 per day average. End of last year was was about 3 per day. When Trump was in office it was 2 per month. Democrats ruin everything.

 

[OutlawStar]

I signed up for foreclosures in my area right now it’s been running 10 per day average. End of last year was was about 3 per day. When Trump was in office it was 2 per month. Democrats ruin everything.

Is there a website that shows foreclosures in your neighborhood? I've never heard of such a thing, do you have a link?

 

[69ChevelleLSX]

Is there a website that shows foreclosures in your neighborhood? I've never heard of such a thing, do you have a link?

foreclosure.com

 

[pronstar]

foreclosure.com

Just FYI for folks who click the link… I had to disable my VPN to access this site.

 

[majormadmax]

Just FYI for folks who click the link… I had to disable my VPN to access this site.

That speaks volumes about that website!

 

[striker55]

I remember Biden taking credit for jobs when COVID lockdown was lifted.

 

[1911'S 4 Me]

I remember Biden taking credit for jobs when COVID lockdown was lifted.

FJB

 

[Mowingmaniac 24/7]

At this point, does 'anyone' believe any of the numbers generated by our government...about anything?

Before 'covid' I was somewhat distrustful about our government, but now...nah, absolutely 'nothing' they have to say regarding any subject, I find to be 'eye rolling' bs!