cross-posted from: https://lemmy.ca/post/50935982
The U.S. job market has lost momentum this year, partly because of the lingering effects of 11 interest rate hikes by the inflation fighters at the Federal Reserve in 2022 and 2023 and partly because President Donald Trump’s trade wars have created uncertainty that is paralyzing managers making hiring decisions.
Most are probably ghost jobs. Companies have gotten in the habit of creating fake job postings to fool investors into thinking that they’re still healthy/growing because line must go up. Companies report these numbers to the gov which then makes decisions based on bad information. IMO this practice should be illegal and companies should be fined for posting fake positions