US job openings slip to 7.2 million in July, more evidence the American labor market is cooling
cross-posted from: https://lemmy.ca/post/50935982
The U.S. job market has lost momentum this year, partly because of the lingering effects of 11 interest rate hikes by the inflation fighters at the Federal Reserve in 2022 and 2023 and partly because President Donald Trump’s trade wars have created uncertainty that is paralyzing managers making hiring decisions.
https://apnews.com/article/job-openings-unemployment-economy-trump-tariff-f3dbebb204378f8119ad277b1916a7fcOpen linkView original on lemmy.ca
How many of those job openings are fake? I bet the actual number is much lower.
Most are probably ghost jobs. Companies have gotten in the habit of creating fake job postings to fool investors into thinking that they’re still healthy/growing because line must go up. Companies report these numbers to the gov which then makes decisions based on bad information. IMO this practice should be illegal and companies should be fined for posting fake positions
I think the numbers are artificially inflated due to the number of migrant workers forced out of the country. The numbers would be much worse if thousands of shitty dead end job vacancies didn't suddenly appear.
Once more farms and companies fail and fold the available job numbers will tank. Just a matter of time in a taco economy
that was my thought. I am like two weeks to the one year mark of no job.
Cooling meaning running out of tricks to make it look like they're actually hiring.
I have been looking for a new job this whole year.
People aren't hiring in any field.
We need a UBI