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Tell HN: The ratio of wants-to-be-hired to is-hiring is at a record high 0.94

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Re: Tell HN: The ratio of wants-to-be-hired to is-hiring is at a record high 0.94

#141

Post by qqqwerty »

SilasX wrote: post #97
colmanhumphrey wrote: post #90

Here is a chart going back to 2014: https://slight.run/graphs/colman/ratio_of_seekers_to_hirers_... Not quite as drastic as yours, but still not ideal. The underlying query and data source: https://slight.run/apps/colman/job_seekers_vs_job_hiring_hac... I'm restricting to top-level comments here, because those seem like a better proxy than all comments (excluding some discussion on a given post for example).

To answer what you were probably going to look for in the link: peak was March 2020 (1.19), when Covid got real, bottom was April 2018 (0.067), don't know any particular significance of that month.

FED started raising interest rates in 2017[1]. The market didn't really start reacting until 2018, and by 2019 the FED got cold feet and was lowering rates again.

[1] https://fred.stlouisfed.org/series/DFEDTARU

Re: Tell HN: The ratio of wants-to-be-hired to is-hiring is at a record high 0.94

#142

Post by selimthegrim »

leonidasv wrote: post #108
devoutsalsa wrote: post #61

Earlier quoted context omitted.

I've definitely resisted posting in the past. The primary reason was I simply didn't want to post while I had a job. The second is that you can't delete old HN comments, and I don't feel like having an "I need a job" comment on my permanent record. I'm not opposed to posting, but I haven't felt the desire to post.

FYI, you can get old posts deleted by contacting the moderators via email. https://news.ycombinator.com/item?id=23623557

I’ve always been able to delete my comments on that post without having to email anybody

Re: Tell HN: The ratio of wants-to-be-hired to is-hiring is at a record high 0.94

#143

Post by ppaattrriicckk »

colmanhumphrey wrote: post #90

Here is a chart going back to 2014: https://slight.run/graphs/colman/ratio_of_seekers_to_hirers_... Not quite as drastic as yours, but still not ideal. The underlying query and data source: https://slight.run/apps/colman/job_seekers_vs_job_hiring_hac... I'm restricting to top-level comments here, because those seem like a better proxy than all comments (excluding some discussion on a given post for example).

If anybody is interested, maybe this should be considered along with the core inflation rates - which is high in the US (peaked at 7% within the last 12 months and currently at 5.5%) and possibly still rising in the EU (12-month peak [now] at 5.7%).

If the central banks are going to stick to their declared purpose of keeping this around 2% we're still in for further rate hikes, I would imagine.

* https://tradingeconomics.com/united-states/core-inflation-ra...

* https://tradingeconomics.com/euro-area/core-inflation-rate

I know it's not within the desired behaviour on HN to simply write "thank you!", and I hope I did provide a bit more than just that. That being said: Thank you! Also to ed_balls and madcaptenor for collecting data in the other thread.

Re: Tell HN: The ratio of wants-to-be-hired to is-hiring is at a record high 0.94

#144

Post by UncleOxidant »

projectazorian wrote: post #106

There’s an odd dynamic in the market right now. In addition to layoffs, people who are subject to RTO are trying to find jobs at remote employers, so there’s an abnormally high number of already-employed folks on the job hunt right now. Not to mention all the juniors having trouble finding work at the moment. Meanwhile remote employers are seeing less employee turnover, so don’t need to do much hiring, especially sin…

I still see plenty of remote jobs to apply for on LinkedIn, but I have noticed that there are a lot more applicants now. A few months back it would often be single digit numbers of applicants. Now it will often be well into the double digits of applicants.

Re: Tell HN: The ratio of wants-to-be-hired to is-hiring is at a record high 0.94

#145

Post by WinstonSmith84 »

projectazorian wrote: post #106

There’s an odd dynamic in the market right now. In addition to layoffs, people who are subject to RTO are trying to find jobs at remote employers, so there’s an abnormally high number of already-employed folks on the job hunt right now. Not to mention all the juniors having trouble finding work at the moment. Meanwhile remote employers are seeing less employee turnover, so don’t need to do much hiring, especially sin…

I'm afraid it's not the only explanation (economy), but it's still a very good reason. Looking at myself, I've been working remotely for the last 7 years and there is just no way back, even if another company would pay me 2x or 3x more. Remote working is a massive perk and thanks (due) to Covid, a lot of people became aware of this.

Re: Tell HN: The ratio of wants-to-be-hired to is-hiring is at a record high 0.94

#147

Post by 23B1 »

hv23 wrote: post #121
23B1 wrote: post #59

I'm a CRO/CGO – a suit. My biggest struggle with HN wants-to-be-hired threads is that I desperately want to work with small and midsize startups who are serious about growth – but most of the JDs are for technical jobs. Besides the usual job boards, is anyone aware of a good place to connect with founders who want a healthy hockey stick and holistic, healthy growth?

We’re hiring a Head of Growth, how can I get in touch or share more?

Thank you, that's very kind of you: 05-trivet.turner@icloud.com

Re: Tell HN: The ratio of wants-to-be-hired to is-hiring is at a record high 0.94

#148

Post by mythrwy »

WinstonSmith84 wrote: post #145
projectazorian wrote: post #106

There’s an odd dynamic in the market right now. In addition to layoffs, people who are subject to RTO are trying to find jobs at remote employers, so there’s an abnormally high number of already-employed folks on the job hunt right now. Not to mention all the juniors having trouble finding work at the moment. Meanwhile remote employers are seeing less employee turnover, so don’t need to do much hiring, especially sin…

I'm afraid it's not the only explanation (economy), but it's still a very good reason. Looking at myself, I've been working remotely for the last 7 years and there is just no way back, even if another company would pay me 2x or 3x more. Remote working is a massive perk and thanks (due) to Covid, a lot of people became aware of this.

Yes. Additionally I'm not moving across the country to live in a strange and expensive city to work on your CRUD app.

There is no way back, even at 2X or 3x more.

Re: Tell HN: The ratio of wants-to-be-hired to is-hiring is at a record high 0.94

#149

Post by mortenjorck »

selimthegrim wrote: post #142
leonidasv wrote: post #108

Earlier quoted context omitted.

FYI, you can get old posts deleted by contacting the moderators via email. https://news.ycombinator.com/item?id=23623557

I’ve always been able to delete my comments on that post without having to email anybody

Can confirm. My WWTBH comment from yesterday shows me a delete link, as well as a non-expiring edit link.

Re: Tell HN: The ratio of wants-to-be-hired to is-hiring is at a record high 0.94

#150

Post by hdjjhhvvhga »

mythrwy wrote: post #148
WinstonSmith84 wrote: post #145

Earlier quoted context omitted.

I'm afraid it's not the only explanation (economy), but it's still a very good reason. Looking at myself, I've been working remotely for the last 7 years and there is just no way back, even if another company would pay me 2x or 3x more. Remote working is a massive perk and thanks (due) to Covid, a lot of people became aware of this.

Yes. Additionally I'm not moving across the country to live in a strange and expensive city to work on your CRUD app. There is no way back, even at 2X or 3x more.

The salary I get now (working remotely) allows me to work for 3 months and relax for 9, should I desire to do so. I guess if someone offered me 9X more for working in the office, I would agree - but I'd quit after 3 months to enjoy my freedom for the next 3 years. (Or, what is more probable, take a less paid but remote job as I enjoy doing what I do and want to stay competitive in the market.)

Less than that - sorry, I'm not interested.

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