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How can you call it a leading indicator of the tech job market when it is a tech job market?
Leading indicator of the (overall) tech job market is a better way to put it. The job postings in The Who Is Hiring? threads are a small sliver of the overall industry.
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Zimbabwe has 200% interest rates and 280% inflation iirc https://www.africanews.com/2022/06/28/zimbabwes-key-interest... Why am I being downvoted? All this is is a data point showing that rising interest rates don't have to bring down inflation.
Those numbers don’t mean anything. The currency in Zimbabwe is so unreliable that barter has become the principal way of saving and storing wealth. Zimbabwe has “cow banks.” You take your cash salary, and give it to the cow bank. The cow bank uses the cash to buy a cow. The cow is put into a pen. You can make surprise visits to ensure the cows are alive, healthy, and not being “shared” with other customers. Interest…
also consider the whole chain -- From the layoffs I've observed Recruiters were some of the top laid off roles. Less recruiters means prioritization of efforts. HN Who's hiring is probably a low priority platform. (Recruiter's boss doesn't know what it is, hard to instrument for tracking metrics) If you really want to know how many jobs are out there it's better to index and crawl all the companies jobs page directly…
"HN Who's hiring is probably a low priority platform." This has always surprised me. At several companies I've suggested to the hiring folks that they post on HN and I've rarely seen it happen. But IMHO, although you may not get a lot of candidates that way, I would imagine the signal/noise ratio is high, relative to the average recruiting channel. (Would be curious to see that (dis)confirmed.)
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This sounds like it's just investing in a cattle ranch.
A bit … each customers cattle is sequestered. You get an actual cow with a name/number. You can take the cow home if you want - it’s yours. More like owning a pet horse.
If you own oil or soy futures, you can go get the product if you like (to everyone's inconvenience). This is not far off.
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I believe the intent is to share as a possible leading indicator. I don't know the OP's exact reasoning, but I have tracked this data for years at hntrends.com and it was my original thesis that this thread is a leading indicator of the tech job market at a minimum.
Isn't it too early to count the total on October 4th?
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Crypto itself, or at least the bubble, was an unintended byproduct of low interest rates and lax securities enforcement. The low interest environment is intended to spurn the monied rich into investing in productive businesses, but "innovators" instead invented crypto assets and lauded them as the second coming of Mansa Musa, siphoning nearly a trillion dollars out of the productive economy. Clever crypto "innovators…
> Now that the government itself is providing that outlet Inflation adjusted nothing the government is selling is earning other than I-bonds (individual yearly buy limit of $15K). With Trump's energy output restriction deal with Saudi and others expiring inflation may slow, but the situation of gas in Europe over the winter seems poised to keep it up (CPI doesn't include energy directly, but it feeds back in).
But shouldn't you wait for the entire month of October before counting that number? Presumably "We're hiring" posts could be added through October 31.