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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

#111

Post by irl_zebra »

acdha wrote: post #58
aaomidi wrote: post #53

Earlier quoted context omitted.

We don’t really do tariffs like this before Trump. At least not for a long time.

And never this sweeping: like when Japanese car manufacturers were threatening Detroit, the president negotiated with Congress and the response was targeted, not a random shotgun on other countries and industries.

True. I have not ordered a single product from the Heard Island and McDonald Islands since the tariffs were levied on them. I am champing at the bit for these to be reduced.

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

#112

Post by toomuchtodo »

aldebran wrote: post #97
ibejoeb wrote: post #87

Earlier quoted context omitted.

Anyone will tell you I'm not a regulations guy, but there's definitely a problem. When you watch these rounds of seemingly coordinated, sweeping layoffs, followed by H-1B hiring sprees, it's hard to pretend.

You’re misinformed or willingly stupid if you think there are H1 hiring sprees with the last set of changes. H1 hiring has tanked.

Please prove this assertion with a citation to data.

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

#113

Post by IncreasePosts »

Herring wrote: post #81

[flagged]

Florida has a GDP in line with Australia, or South Korea, or Spain, and with a smaller population. Not exactly what I would call generationally poor. Texas has the same GDP as Italy, but with half the population.

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

#114

Post by jldugger »

fred_is_fred wrote: post #98
standeven wrote: post #80

Earlier quoted context omitted.

Shouldn’t job openings always trend upwards with increasing population?

Is that still true? I would guess net immigration is 0 or negative at this point.

Fred also has that answer: https://fred.stlouisfed.org/series/POPTHM

Growing up to an estimated 342 million.

It also has an estimate for the working population (ages 25-54, so called "prime workers"): https://fred.stlouisfed.org/series/LNU00000060

Mostly flat from 2010-2021, with a recent uptick to 131 million. The discrepancy is likely due to the boomers aging out of the category, and a smaller generation coming in.

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

#115

Post by pbhjpbhj »

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.

Can you give a few examples, please.

Also, I'm curious, what you feel you're getting out of your support of the Trump regime?

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

#116

Post by SAI_Peregrinus »

mrguyorama wrote: post #86
saubeidl wrote: post #29

Earlier quoted context omitted.

My even hotter take: This was always the inevitable result of shareholder capitalism. The only outcomes left are either unchecked descent into fascism as oligarchs consolidate power and finish their government takeover before their current power base falls apart, or a successful socialist revolution. This is what it's always been leading to.

>This was always the inevitable result of shareholder capitalism. Just capitalism. There's no actual or necessary distinction about what shape that capitalism takes. A system where getting more money means you have more opportunity to generate more money by itself has all the feedback loop you need to consolidate over time, generate monopolies, and end up here. Competition just doesn't happen in a free market. Actual…

> Competition requires a fair market.

Adam Smith's term in "The Wealth of Nations" is "freely competitive market". The "free market" bastardization came much later.

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

#117

Post by hshdhdhj4444 »

dwpdwpdwpdwpdwp wrote: post #79
ojbyrne wrote: post #32

Earlier quoted context omitted.

Actually its easy if you're a multinational. You invest outside the United States.

I work for an global company in the industrial automation space. Not only is there is a major effort underway to offshore jobs and manufacturing from the US, but our customers around the world are pulling way back on capital expenditures, citing US policy uncertainties as a primary reason.

Yup, unfortunately my own job is at risk as our company has, if not explicitly at least in action, essentially ended technical hiring in the U.S.

They’re basically downsizing the technical sides through attrition while hiring heavily abroad.

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

#118

Post by ibejoeb »

aldebran wrote: post #97
ibejoeb wrote: post #87

Earlier quoted context omitted.

Anyone will tell you I'm not a regulations guy, but there's definitely a problem. When you watch these rounds of seemingly coordinated, sweeping layoffs, followed by H-1B hiring sprees, it's hard to pretend.

You’re misinformed or willingly stupid if you think there are H1 hiring sprees with the last set of changes. H1 hiring has tanked.

This is a real eye-opener. Do you know how to fix how stupid I am? Tell me what's wrong with my analysis.

Here's a report: https://www.reuters.com/business/finance/us-lawmakers-scruti.... Is it factually wrong that "In the first half of 2025, Amazon and its cloud-computing unit, AWS, received approval for more than 12,000 H-1B visas, while Microsoft and Meta had more than 5,000 H-1B visa approvals each" and that they did layoffs?

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

#119

Post by jeffbee »

jibe wrote: post #44

https://fred.stlouisfed.org/series/JTSJOL Job openings are still very high, ~30% higher than the average for the last few decades.

Thanks. It is very funny how young people perceive this market. Unemployment is basically lower than it has ever been and people are panicking. Prime age labor force participation rate near all-time record highs. The people are almost dangerously over-employed.

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

#120

Post by jeffbee »

jldugger wrote: post #114
fred_is_fred wrote: post #98

Earlier quoted context omitted.

Is that still true? I would guess net immigration is 0 or negative at this point.

Fred also has that answer: https://fred.stlouisfed.org/series/POPTHM Growing up to an estimated 342 million. It also has an estimate for the working population (ages 25-54, so called "prime workers"): https://fred.stlouisfed.org/series/LNU00000060 Mostly flat from 2010-2021, with a recent uptick to 131 million. The discrepancy is likely due to the boomers aging out of the category, and a smaller generation coming in.

Maybe this isn't what you meant, but Millennials are the larger generation and they just finished aging into the workforce category.
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