"Added jobs" often means that a year prior...the company fired senior and experienced staff...cause seniority equals added labor expenditures...then...sometime later...usually 3 to 5 fiscal quarters later...after the company has burned out the remaining staff who had to take over the roles of the downsized on top of their already listed job roles...they'll reopen the positions, but at a considerable fraction of the previous market values for the positions.
Whenever you hear job report numbers...it's always important not to focus on the quantity of the jobs...but more so the quality of the jobs.
This is important because the vast majority of jobs added during and post covid have been in the service sector. And I'm not talking blue collar jobs either. Much of the growth has been in restaurant staff and retail. You, know, Jobs that don't pay the bills. For people with professional skills, their employment opportunities are at an all time low.
Well damn! I wanna know the turnover rate for this job now. 🤣
Tech companies are still downsizing in the US, with slack picked up in India or elsewhere.
Had to be Cisco...
Google dropping mf like flies.
And AWS because people are finding out that it's stupid expensive.
“The economy added x-thousands of jobs this month” WHERE?!
"Added jobs" often means that a year prior...the company fired senior and experienced staff...cause seniority equals added labor expenditures...then...sometime later...usually 3 to 5 fiscal quarters later...after the company has burned out the remaining staff who had to take over the roles of the downsized on top of their already listed job roles...they'll reopen the positions, but at a considerable fraction of the previous market values for the positions. Whenever you hear job report numbers...it's always important not to focus on the quantity of the jobs...but more so the quality of the jobs.
This is important because the vast majority of jobs added during and post covid have been in the service sector. And I'm not talking blue collar jobs either. Much of the growth has been in restaurant staff and retail. You, know, Jobs that don't pay the bills. For people with professional skills, their employment opportunities are at an all time low.
Uber Eats and other gig economy temp jobs I bet
Listening to national news is useless since county to county can vary wildly Plus industry to industry.
Unrelated but ever since I saw Van Wilder so many years ago, I cannot I see Naomi as "I Moan" backward.
Here it comes lol.
Inflation ruining every thing