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US Job Openings Decline to Lowest Level in More Than a Year

bloomberg.com

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Re: US Job Openings Decline to Lowest Level in More Than a Year

#101

Post by oceansky »

adriand wrote: post #77
mbgerring wrote: post #18

It makes sense that you wouldn't hire in such an uncertain environment. We have a President using emergency powers to affect sweeping, unpredictable, consequential changes to the economy that can dramatically alter unit economics overnight and completely tank a previously viable business. Within this calendar year, the President's ability to do this may be upended by pending court cases, an election, or both. Followi…

One of my clients is a midsized logistics brokerage based in LA. Right now is RFP season, where they bid on freight contracts with various existing and potential customers. These contracts are typically one year long. A bid you submit now might be for a contract that goes Sept-Sept. This is difficult even under normal circumstances because you have to predict what carrier (trucker) rates will be in the future. You al…

Why is the revocation taking place? Is it related to the federal government?

Re: US Job Openings Decline to Lowest Level in More Than a Year

#102

Post by Herring »

inetknght wrote: post #94
Herring wrote: post #81

[flagged]

> They have been poor for generations because they dislike diversity more than they want a strong economy and common prosperity. What do you expect when people reject education and embrace religion? > As far as I can tell the best fix is higher education. How do you "fix" higher education that's been rejected?

Yeah I didn't say it was an easy fix, I just said I thought it was (probably) the best. America has been having diversity/foreign policy issues since day 1 with wiping out the Indians. It's not going to go away tomorrow.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#103

Post by bpt3 »

DetectDefect wrote: post #36
hmmokidk wrote: post #21

Earlier quoted context omitted.

Massive wealth redistribution is just another word for Taxes. When we taxed the rich we were happy. It’s literally all we gotta do.

It really is this simple and this chart of Net Worth Held by the Top 0.1% demonstrates it well - https://fred.stlouisfed.org/series/WFRBLTP1246

That chart seems to demonstrate that there was a lot of inflation in the early 2020s, which I assume is not your point.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#104

Post by paul7986 »

AI is only going to reduce jobs further.

My own personal example working at a small govt contractor in which we had a team of 12 working on an app for 10 years. We lost the re-bid to a smaller team (5 to 6)/budget using AI. We have been informed going forward the company will be following the competition (small teams using AI and bidding like the competition via smaller budget needs).

Re: US Job Openings Decline to Lowest Level in More Than a Year

#105

Post by milesvp »

garciasn wrote: post #24
hmmokidk wrote: post #21

Earlier quoted context omitted.

Massive wealth redistribution is just another word for Taxes. When we taxed the rich we were happy. It’s literally all we gotta do.

https://fred.stlouisfed.org/series/FYFRGDA188S Federal Receipts as a Percent of GDP measures total government revenue relative to the size of the economy, serving as a standardized way to track the federal tax burden over time. Although the top marginal tax rate in the 1950s indeed exceeded 90%, federal receipts hovered around 17% of GDP; this was nearly identical to current levels, because loopholes and high income…

Raising taxes should never be seen as a way to raise revenue. Even if the Laffer curve has come under attack, there is still some profit maximizing rate which I’m positive most modern countries are beyond both at a static rate and at a growth and future revenue maximizing rate. No we don’t tax at this point to increase tax revenue. We do tax to shape what society looks like.

Right now society doesn’t look very good to so many people in the US it’s almost hard to talk about. Job growth is literally people saying, “hey, tomorrow, I can see it look better. We can spend time and resources to create something we all want more than today.” When job growth is low, that vision must also be low.

Taxation can turn that around in an industry. It can turn that around in aggregate. It does thay by both signaling to players, and by changing the game tree payout structure.

I think much of the taxation conversation right now is unfortunate because it keeps getting couched in terms of tax brackets, and that is almost a strawman at this point (even if many people think it’s important). I would say we need to tax the 1% differently. For instance, stock buy backs are currently a hugely distorting effect on the world economy. You can start by greatly taxing that.

The real thing people are talking about when talking about taxing the 1% isn’t just about tax brackets, it’s more about how taxes don’t materially effect people once they reach certain thresholds. It’s the same fundamental problem with traffic tickets. They are not proportional to general wealth so that means it’s a set of laws that apply less and less as one gains wealth which not only feels unfair, it is arguably a corrupting influence undermining the rule of law.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#106

Post by jldugger »

oceansky wrote: post #101
adriand wrote: post #77

Earlier quoted context omitted.

One of my clients is a midsized logistics brokerage based in LA. Right now is RFP season, where they bid on freight contracts with various existing and potential customers. These contracts are typically one year long. A bid you submit now might be for a contract that goes Sept-Sept. This is difficult even under normal circumstances because you have to predict what carrier (trucker) rates will be in the future. You al…

Why is the revocation taking place? Is it related to the federal government?

Related, yes. US DoT wants non-dom CDLs revoked[1]:

> The decision comes amid pressure from the U.S. Department of Transportation, which announced in November 2025 that it would compel California to revoke thousands of what it calls “illegally issued” non-domiciled Commercial Driver’s Licenses.

[1]: https://www.newsnationnow.com/politics/california-cancellati...

Re: US Job Openings Decline to Lowest Level in More Than a Year

#107

Post by FireBeyond »

mbgerring wrote: post #18

It makes sense that you wouldn't hire in such an uncertain environment. We have a President using emergency powers to affect sweeping, unpredictable, consequential changes to the economy that can dramatically alter unit economics overnight and completely tank a previously viable business. Within this calendar year, the President's ability to do this may be upended by pending court cases, an election, or both. Followi…

Yup. And the whole "Oh, we're not releasing the numbers because they're not right/misleading but trust us, the economy is the best its ever been!" is getting older and (even) less convincing.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#110

Post by CursedSilicon »

theultdev wrote: post #76
pjc50 wrote: post #62

Earlier quoted context omitted.

No - not to anything like the same extent, and not through executive orders.

From someone who is close to the energy sector that's simply not true. There's been so many EOs from Democrat presidents that cause hugely negative disruptions in the industry.

Weird that you felt the need to specify Democrats

Is this something Republicans have simply never done until now?

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