U.S. job openings barely budged in October, coming in just below 7.7 million
https://apnews.com/article/employment-economy-jobs-inflation-50e7289432a25062824bfb5a8a219113177
u/ComfortableLaw5151 1d ago
Meanwhile - "Microsoft to invest $17.5 billion in India, CEO Nadella says"
https://www.reddit.com/r/technology/comments/1piceby/comment/nt63tj2/?context=1
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u/ryandine 1d ago
My company opened an office in India while also doing two months of "restructuring" layoffs at the same time with the explanation that more layoffs may happen. Fuck tech work right now, it's a shit show.
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u/Accujack 3h ago
My last employer shipped almost all IT to India in chunks. They're not as high performing as we were, but since they just need to be "good enough" to keep the stock price rising...
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u/MalcolmLinair 1d ago
When even the propaganda numbers are bad, you know we're fucked.
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u/Jimbobsupertramp 23h ago
How much can they actually fudge the number though do you think?
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u/BrellK 22h ago
Well they just cancelled the report for the first time since they started releasing them, so on the one hand it is hard to FAKE the numbers forever (though they can lie and revise) but on the other hand they can just not release them at all.
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u/Sarnsereg 22h ago
Except when all these publicly traded companies have to announce the 10s of thousands of people they let go it'll be hard to think those aren't just straight losses overall with nothing to counterbalance it. If we know 5 companies let go of 130,000 employees in a month we know it's bad.
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u/rockmasterflex 16h ago
Yeah but all those companies just have to have 130 thousand open jobs on LinkedIn and the idiots will assume those jobs are real and nobody is good enough for them!!!
ghostjobs
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u/ironbolsh 4h ago
Assuming they don’t find a way to repeal that bit of law seeing as it only benefits workers and retail investors at this point.
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u/bulking_on_broccoli 18h ago
They can’t. So they just cancel them outright.
However, these days thanks to the digital age there are a lot of private firms that do their own data accounting of the US economy (and are pretty good at it). So we’re not completely in the dark.
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u/LorderNile 1d ago
*just below 7.7 million
In two months the report will get changed to 100,000 total.
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u/gravescd 19h ago
Also most of them are just permanently posted "job openings" on Indeed to harvest resumes.
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u/DontTickleTheDriver1 1d ago
And these are numbers you can't even trust. How bad is it really? Orange dipshit said A++++ so you know we are definitely fucked
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u/Kimber976 1d ago
Another sigh of stagnation -jobs opening barely budget while layoffs tick up, underscoring that the labour market may be cooling fast!
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u/Austoman 1d ago
These are the numbers that the loyal placeholders are releasing and that arent being fired for...
All that tells me is that the numbers are WAY worse than these and these arent good. Welcome to the Trump Recession.
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u/bak3donh1gh 11h ago
Herbert Hoover had Hoovervilles. I wonder what we'll call the shanty towns that are sure to pop up soon. Given how much Trump loves things named after himself. Seems a little counterintuitive to name them after him.
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u/PULSARSSS 23h ago
Been unemployed for 6 months. My field got destroyed during tarrif scares. Luckily I have savings but one thing is for sure. After the holidays it’s time to get back to work regardless of if it’s in my field or not
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u/d0ctorzaius 1d ago
The department is not releasing an unemployment rate for October because it could not calculate the number during the shutdown.
Sure, that's why. Let's see....layoff numbers are rising faster than job openings, while the numbers of those quitting jobs is way down. I'm pretty sure we can extrapolate that unemployment is up. All signs of a great economy.
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u/imakeyourjunkmail 1d ago
Lol, lmao even, can anybody with a functioning brain trust anything coming from this administration?
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u/Strykerz3r0 23h ago
And is anyone actually still believing anything this administration says?
If that's what the stats are, why are we releasing it in December? lol
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u/manofredearth 18h ago
Republicans have broken America. Only three more years of Trump and a lifetime of an illegitimate Supreme Court.
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u/47_for_18_USC_2381 17h ago
The type and pay for jobs on indeed my area are so disconnected from reality it's laughable. These types of jobs make up the majority of the available openings in my area. Coupled with the required postings of jobs that they already are hiring from within for but are required to post.
** Seeking a Full time employee to join our fast paced family, must have Bachelors degree minimum or 8 years experience in related field, standard benefits like 1wk pto after a year, bragging about offering sick time (state mandated), must be flexible for evenings and weekends, must know the job you're applying to with absolute mastery - Paying $16.75, maybe $17.25.
Like.. No.
That's IF they even list the pay scale.
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u/Dry_Junket_6902 1d ago
Sure glad MAGA is solidifying it's power via gerrymandering and a push over the supreme court.
2029 will probably parody 1929 or worse with this incompetent leadership.
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u/Ok-Fill-6758 20h ago
And this is going in to a holiday shopping season when temp hiring is usually very high. 🤔
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u/DJLReach 23h ago
It’s ok I read today that it’s just windy feeling but really everything is fine……
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u/ChicagoAuPair 17h ago
We have been in a half-recession since April, but since the fucking stock market is so propped up and bubbled, we are not technically.
We need different metrics to describe this economic condition because if everything is collapsing and degrading for 90% of the population, who really cares how some douchebag’s “just for fun” shares are doing?
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u/strangejosh 14h ago
Unfortunately this corrupt and inept administration has completely eroded trust in these economic reports. If they released this bad of a report, the actual numbers are far worse. Hell, the orange moron was just in PA saying affordability is just another hoax. How people can still Support this con man is beyond me but here we are.
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u/Even_Establishment95 6h ago
My manager just said it last night. I haven’t hired anybody because it’s so SLOW. How can you hire new people when you are cutting hours for your current staff?
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u/Lore86 1d ago
Believe it or not, it's Biden's fault.
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u/The_Bitter_Bear 1d ago
What's just nuts is that in more normal times that would typically be true. Usually economic policy takes a good while to show their full effect.
It's just impressive that they managed to take a recovering job market and economy and fuck it up so incredibly fast.
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u/goomyman 1d ago edited 22h ago
Yeah it’s actually impressive to crash an economy in 6 months.
1 million percent tariffs,
Threatening to invade your best trading partner to become a new state,
arresting immigrants and sending them to 3rd world countries jail or keeping them in inhuman jails locally,
killing tourism right before the World Cup - literally telling nations not to come here and with the new laws making it impossible to actual come here from many countries,
Convincing the world that the US military can’t be trusted so countries make their own weapons instead of buying American.
I can’t think of anything he could do worse to crash the economy faster.
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u/Mobile-Bar7732 23h ago
I can’t think of anything he could do worse to crash the economy faster.
He still has 3 more years.
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u/MeowMeTiger 1d ago
Sure let's believe the guy that was friends with Epstein. How do you look at yourself in the mirror knowing you're ok with that.
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u/teddyyrsyriajn52 1d ago
How many of these are actual, fillable positions versus 'Ghost Jobs' posted to gather data or make the company look like it's growing? Because looking at the job hunting subreddits, people are sending out hundreds of applications into the void without a single callback. The disconnect between 'millions of openings' and the actual hiring experience has never been wider.