The unemployment rate is low and the economy is still growing, but those out of work face the slowest pace of hiring in more than a decade. Diane Swonk, chief economist at KPMG, calls it a “jobless boom.”
While big corporate layoff announcements typically grab the most attention, it has been the unwillingness of many companies to add workers that has created a more painful job market than the low 4.3% unemployment rate would suggest. It is also more bifurcated: The “low hire, low fire” economy has meant fewer layoffs for those with jobs, while the unemployed struggle to find work.
HubertManne@piefed.social 5 months ago
One of the scariest thing about being unemployed for over a year is the number of times I have been told they have pulled the position rather than they went with another candidate. I have never seen the tech job market like this and im old.
Shirasho@lemmings.world 5 months ago
They post ghost positions to make the company look like it is growing more than it actually is. This increases the stock price.
cnbc.com/…/4-in-10-companies-say-theyve-posted-a-…
HubertManne@piefed.social 5 months ago
I don’t think what im talking about is the same. Spent time and resources to have a few rounds of interviews. Ghost jobs tend not to go past the post the job stage.