Dirty secret… Companies often post fake jobs that they never intend to fill. This makes it look like the company is hiring a lot and that positively impacts stock price
In larger companies, they also do it when company policy requires them to advertise externally for positions even though the hiring manager already knows exactly which internal candidate he intends to promote to it.
It also gives them the chance to scoop good candidates (highly skilled or willing to be underpaid).
It also gives them an idea of the quality of candidate available at that wage, potentially firing an existing employee to hire a similar one for less.
There is a company in my area that has been “trying” to fill a role in my field for at least 6 years, non-stop. They spend money every month to put up a fake help wanted as on indeed.
Payroll employment is way up. An HR scam can’t really fake that.
But CNBC and The NY Times, who IMO hate Biden for not being a true lefty, can keep taking about how shitty everyone feels.
Payroll employment is way up.
Cough…workforce participation rate…cough
The Boomers retired.
Uh huh. So why don’t you spend a minute going to Labor statistics site and then seeing the sub breakdown by age group? It is not just boomers retiring it is prime working age adults not working.
Which why should they? You get better medical insurance not employed vs employed. The salaries are trash anyway. Plus you are just going to get laid off at any moment.
There are 157.7 million people employed. 5 million more than before the pandemic. More than any time in US history.
Boomers start at age 59 and north. So they will show up as working age adults. Since there are so many more of them not working than the Zs that are replacing them that skews the statistics.
Edit: The labor participation rate for 25-54 is the same as it was in the 1990’s and much higher than in the 2010’s.
There are 157.7 million people employed. 5 million more than before the pandemic. More than any time in US history.
US population is higher.
Boomers start at age 59 and north. So they will show up as working age adults. Since there are so many more of them not working than the Zs that are replacing them that skews the statistics.
Not an excuse
Edit: The labor participation rate for 25-54 is the same as it was in the 1990’s and much higher than in the 2010’s.
People don’t work before age 25 or after 54? I want the numbers between 16-65. Thanks
I’m sorry. I didn’t realize that you are a troll.
But CNBC and The NY Times, who IMO hate Biden for not being a true lefty…
LOL, that’s absolutely ludicrous. If anything, they would hate Biden for being too lefty.
That evil leftist media, out to get Biden.
Democrats have moved so far to the right, they’re whining that the press isn’t far enough to the right for their liking.
What I saw the other day:
Lead software engineer - salary $25 an hour
That’s why people don’t want to work.
Economists are paid zealous advocates for their clients not reporters of objective truth.
“start an exciting, fulfilling career with sears”…
