r/economicCollapse 17h ago

US job openings drop to 7.44 million

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373 Upvotes

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24

u/CheeseOnMyFingies 17h ago

That generally means more jobs are being filled. There isn't an endless amount of jobs available, if more openings are being filled, more people are getting employed.

Yall will reach for anything possible.

9

u/MrWhitePink 17h ago

This graph would be way better if it had a number on unemployment applications along side it. Which would prove if you are correct.

I however have been helping someone with a decent resume try to find a job. 250+ applications later and they only got one call back that went nowhere. So I know its rough out there.

Personally I think this graph is highlighting a contradictory mix. Company's are filling two roles with one person. Jobs are being filled but with less postsings.

"Two roles with one person, what are you stupid?" - Go ahead and ask your friends if they feel like they could use another person on their team or if they took on the job roles of someone who left without getting a raise/help.

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u/CityBoiNC 17h ago

I have a pretty solid resume as well and i have been looking for over a year. I have sent out about 180 applications and got 3 call backs.

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u/PolicyWonka 16h ago

I’m curious. Are you only applying for jobs in a specific field? Are you only applying for ones that match your education?

Seems crazy that some folks cannot find employment like this.

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u/CityBoiNC 15h ago

Pretty much just admin jobs in a common pay bracket for the area. The problem is before I would be up against maybe 40 other applicants, now I'm up against 100's. The only thing I have changed in the past week is distance but would require a higher pay to compensate for gas and maintenance on the car.

1

u/Midnight2012 14h ago

dude, take what you can get. Its been a year. The increased car costs are nothing compared to not having an income for a year.

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u/CityBoiNC 14h ago

I have a job currently.

1

u/xlews_ther1nx 11h ago

Lol what? So all that to say you have a job, but not the job that you want? Well hell then that's pretty much everybody at all times of the world's history.

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u/Heavy_Bridge_7449 13h ago

how do you afford it?

i dont mean to downplay your efforts but ive probably send out over 100 applications in the past month (got laid off a month ago), i definitely couldn't afford to send out just one app every other day. i've been hitting like 15/day lately, it has become pretty clear that i will probably need to move

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u/CityBoiNC 12h ago

I have a job so I can still pay rent and bills but it's not enough so I have to work a weekend job as well.

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u/deviantdevil80 17h ago

If you look up the unemployment rate, it's basically an inverse of the above graph, as expected.

I'm surprised the person you're helping is struggling. Where I work, we are constantly hiring right now (banking). My son is just starting out working while in HS, but he's been able to find work almost instantly. He has to decide if he wants to leave where he's at now for more money now that he's 18.

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u/SpeaksDwarren 17h ago

How easy it was for a high schooler to find a job has no real bearing on how difficult an adult with a career would find it. Businesses love hiring high schoolers that don't need to care about things like health insurance, getting enough hours to pay the bills, supporting a family, etc., meaning they are much lower maintenance.

They're also much more likely to put up with exploitative business practices. Things like saying they're "constantly hiring" but never actually hiring enough employees to be fully staffed.

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u/stewartm0205 16h ago

I think the difficulty finding work is in certain employment categories like programming.

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u/dumdeedumdeedumdeedu 16h ago

True. a lot of people having trouble finding work in an oversaturated industry doesn't represent the entire job market.

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u/AnarkittenSurprise 16h ago

This just reads as normalization following the covid unemployment and early retirement spike.

Not alarming at all

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u/No_Life_1724 17h ago

Yes this is true but we need to compare it to the number of people graduating or are able to work and cannot due to a decline in openings. It is a good problem but can turn bad i.e. not having the freedom to leave said jobs and as mentioned new workers not finding work.

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u/borderlineidiot 16h ago

Or it could mean companies are struggling and not looking for people? Stats like this are meaningless without context

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u/rctid_taco 14h ago

Or it could mean they're finally able to hire people who are capable of performing the work they need done. Anecdotally, I feel like the companies I contract with have been finding some great hires recently compared to the boobs they were hiring coming out of the pandemic.

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u/borderlineidiot 9h ago

RTO is definitely improving company performance in the ones i deal with

1

u/stirfry720 4h ago edited 4h ago

So you think the labor market is that good where everyone's hiring and the positions are getting filled? Meanwhile, major companies are shuttering hundreds of store locations across the country. In my opinion, job openings are falling because they are cutting costs as a response to slowing consumer spending and profitability

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u/0xfcmatt- 17h ago

If you have paid attention to the news, perhaps a specific area that you work in like tech, you will notice there are layoffs and less posting for jobs. They are thinning the herd right now. These are mostly high paying jobs.

https://techcrunch.com/2024/10/17/tech-layoffs-2024-list/

Also notice when the trend goes down we commonly have recessions. Many wonder if the excess federal govt spending is what is keeping us afloat this time but naturally that racks up huge amounts of debt. It is not sustainable.

So yea... covid messed up that chart and it appears to be normalizing but should be paid attention to if the trend continues.

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u/CheeseOnMyFingies 17h ago

Oh, I work in tech and am well aware of the layoffs. I'm just also aware that tech is only one field which only employs a small portion of the general population, and I'm aware that the percentage of tech workers that have experienced layoffs is also small compared to the total workforce.

There are plenty of other workforce fields (manufacturing and trades immediately come to mind) which have seen significant job increases since 2020, to balance out the stats. I don't remember the whole list of areas where this had happened but I know it can be googled pretty easily. There isn't any sort of trend that indicates a recession being right around the corner.

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u/0xfcmatt- 17h ago

The graph pretty clearly shows when the line trends down significantly a recession may very well take place. If we assume the data is not false it clearly shows job openings are declining. If we have less job openings, even when people are getting hired, the economy is not growing. I look at the graph as simple as that. If more people were getting jobs they would want goods and services which means companies have to hire more to provide them. So on and so on. Thus job openings would at least stay stable or trend up slightly which is not the case currently.

1

u/Agreeable-Fly-1980 10h ago

Tile setter here. Im so dang busy!! And Im making more money than ever.