241
Why Americans' confidence in finding a new job is tanking even as the labor market is humming along
(www.businessinsider.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 May 2024
241 points (95.5% liked)
News
21721 readers
4088 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. Trolling is uncivil and is grounds for removal and/or a community ban.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
I have no earthly clue what world economists are living in where the labor market is great.
I've been looking for a job for over a year (in tech, over a dozen years as an SDE, a dozen more as a TPM, lead role in both titles). Whenever I can get an employer to actually respond to the hundreds of applications I send, their salary offerings are a joke.
Are people just out there taking 20% - 30% haircuts on what they make?
They're measuring job offerings against unemployment claims rate. If there's toilet scrubbing jobs out there and you don't qualify for any benefits: that's a humming labor market to an economist.
I remind people that the fastest way to "create a job" is to take a full time position with benefits, cut the hours in half and divide them amongst two new positions after removing the benefits and now you have a 100% increase in the supply of jobs.
My first 'legal' job when I was a minor was working maintenance at a retirement facility. I was hired along with another high schooler at minimum wage.
It was a summer gig and right before I quit to go back to school the main maintenance guy revealed that we had replaced a single person who was paid our combined wage.
It is a long established strategy.
Haleon/GSK has almost exclusively started offering only coops/internships in upstate NY. Not a single non hourly/salaried position in the last 6 months. Laid off 40-50 in the last year, brought on a dozen students.
What does that mean? You can still claim unemployment if you don't apply to toilet scrubbing jobs
I feel you. I lost my job in January and I've had literally not even a single callback or interview. It's insane.
That sucks too -- but do stick with it, find a good consultant who can help you polish up your resume and socials. You and me both will find something soon enough. :)
Don't lose hope, it's a matter of numbers. Keep pushing. I've recently been through it and it's been very hard
What industry? I'm more of less in the same boat as you. I'm in tech, and this articles assessment seems pretty spot on from my perspective.
Yeah, tech. Updated my original comment to clarify.
Honestly, the bit from the article that rang most accurate was this:
I've been keeping track of the roles I've gone after (well within qualification for) and I'm seeing a lot of re-listings for roles that closed out my application (with no outreach) and just relisted the req after a few weeks, over and over again.
I'm not saying the listings are fake, but if they were fake, this is pretty much what it would look like from the outside.
I'm seeing exactly the same thing. Certain companies re-listing the same position for months on end, despite hundreds of people applying.
According to this article I read recently, some companies are either doing it to give the illusion that they're thriving and planning to take on more staff, or just to keep a pool of potential applicants on the back burner just in case.
It sucks. I've been looking to make a career change for over a year, and have only had two interviews despite sending out literally hundreds of applications.
They're just gaming the system for more H1B's.
Been in the same situation, with closer to mid-level experience. A plethora of companies, constantly hiring for the same positions while rejecting hundreds of applicants, week after week. Makes total sense. I can only hope there's something illegal about it.
100% of employed economists writing these reports are employed, so from their perspective everything is great.
Once again, we see how insular tech is.
Tech sector has a market correction, and you people think the sky is falling because the only people you ever talk to are other tech people.
Take a gig and keep applying. Unfortunately the algorithm smells blood and currently you've got none.
I guarantee as soon as you're employed you'll be getting recruiters and connects, and you'll be in a far better bargaining spot than you are now
Downvotes from people who can't strategize their own lives at a basic level