Admittedly this is anecdata, but there are almost 2,000 unfilled jobs across the technology division of my employer that have been sitting open for a long, long time. We're in the Boston-NYC...
Admittedly this is anecdata, but there are almost 2,000 unfilled jobs across the technology division of my employer that have been sitting open for a long, long time. We're in the Boston-NYC (Edit: Actually, just about everywhere with satellites and regional offices. Most of these jobs are in the HQ area) corridor of the US, pay above market rates, have excellent benefits, etc. so I don't think it's that. We're not the sexiest company in the world, but any one of these roles could support a family in the area. I have to use foreign contractors to keep the engines running--qualified resumes just aren't coming through in the necessary numbers. I know I lose a double digit percentage of candidates because of business casual dress code... Hiring sucks.
Not saying there aren't significant underlying issues in the economy, far from it, I see them every day. Just pointing out that there is a lot of life sustaining work available that folks either don't want or aren't ready to do.
To think our economy is affected by idiotic notions like “people who wear collared shirts are more qualified”. We need another enlightenment to shed this kind of sheer idiocy.
I know I lose a double digit percentage of candidates because of business casual dress code...
To think our economy is affected by idiotic notions like “people who wear collared shirts are more qualified”. We need another enlightenment to shed this kind of sheer idiocy.
And enforcing "business casual" is a warning flag to many that the company's culture is likely a toxic cesspool of traditional business management, which comes with a lot of other baggage and...
And enforcing "business casual" is a warning flag to many that the company's culture is likely a toxic cesspool of traditional business management, which comes with a lot of other baggage and inflexibility.
Also, my employer has also had trouble finding qualified candidates, in part due to very outdated ideas about how to advertise jobs to those who are qualified for them. I'm willing to bet you're facing a similar situation.
Indeed! It's been a battle just to get engineering titles for the roles instead of generic advisor titles. Trying to modernize a tech org. inside of a huge enterprise is definitely between a rock...
Indeed! It's been a battle just to get engineering titles for the roles instead of generic advisor titles. Trying to modernize a tech org. inside of a huge enterprise is definitely between a rock and a hard place, no matter how much money is thrown at it because the "business" is inflexible on so many fronts. It's very frustrating and makes me sad--some of the work being done is genuinely pretty cool and not your typical legacy monster and it's next to impossible to get the word out about this.
It's a bit hard to get concerned about one low month - especially when the author's own graph shows two similarly low months in the past 3 years. One data point does not a trend make. Even two...
It's a bit hard to get concerned about one low month - especially when the author's own graph shows two similarly low months in the past 3 years. One data point does not a trend make. Even two data points aren't quite a trend. Come back when there's 3 consecutive months of low growth, and then start shouting "The sky is falling!"
The 180k forecast was not from the BLS, it was the median estima-te from market participants. The 20k figure was a surprise for sure, but there is plenty to suggest it was just an outlier. Let’s...
The 180k forecast was not from the BLS, it was the median estima-te from market participants. The 20k figure was a surprise for sure, but there is plenty to suggest it was just an outlier. Let’s wait for the next few months :)
One word: Recession It will take awhile for the data to all come out and the current administration is going to doctor the F* out of those numbers, but I think we have currently entered one.
One word: Recession
It will take awhile for the data to all come out and the current administration is going to doctor the F* out of those numbers, but I think we have currently entered one.
I don't think we've hit one yet, the question is how long will it take? The average baby boomer will retire by 2022, they'll be taking all their investment dollars too and shifting them into...
I don't think we've hit one yet, the question is how long will it take? The average baby boomer will retire by 2022, they'll be taking all their investment dollars too and shifting them into T-bills and other low risk investments.
The stock market will not be able to weather this, but in Congress's view it needs to weather this because over the last twenty years you have seen tax returns and the stock market correlate more and more closely and move in lock-step to one another. The government needs the stock market to go up because taxes are dependent on it.
We are definitely going to see them drop interest rates and we will probably see Quantitative Easing rounds 5 and 6. This may give the economy some legs in the short term, but you will ultimately see the US dragged kicking and screaming into recession by 2022 at the latest in my view, but more realistically Q4 2019 - Q2 2020
Admittedly this is anecdata, but there are almost 2,000 unfilled jobs across the technology division of my employer that have been sitting open for a long, long time. We're in the Boston-NYC (Edit: Actually, just about everywhere with satellites and regional offices. Most of these jobs are in the HQ area) corridor of the US, pay above market rates, have excellent benefits, etc. so I don't think it's that. We're not the sexiest company in the world, but any one of these roles could support a family in the area. I have to use foreign contractors to keep the engines running--qualified resumes just aren't coming through in the necessary numbers. I know I lose a double digit percentage of candidates because of business casual dress code... Hiring sucks.
Not saying there aren't significant underlying issues in the economy, far from it, I see them every day. Just pointing out that there is a lot of life sustaining work available that folks either don't want or aren't ready to do.
Amen, a thousand times amen. Enterprise stigma is monstrously difficult to overcome. Completely agree with sentiment/comment here.
To think our economy is affected by idiotic notions like “people who wear collared shirts are more qualified”. We need another enlightenment to shed this kind of sheer idiocy.
It has nothing to do with qualification and everything to do with a willingness to “play ball” with the culture.
And enforcing "business casual" is a warning flag to many that the company's culture is likely a toxic cesspool of traditional business management, which comes with a lot of other baggage and inflexibility.
Also, my employer has also had trouble finding qualified candidates, in part due to very outdated ideas about how to advertise jobs to those who are qualified for them. I'm willing to bet you're facing a similar situation.
Indeed! It's been a battle just to get engineering titles for the roles instead of generic advisor titles. Trying to modernize a tech org. inside of a huge enterprise is definitely between a rock and a hard place, no matter how much money is thrown at it because the "business" is inflexible on so many fronts. It's very frustrating and makes me sad--some of the work being done is genuinely pretty cool and not your typical legacy monster and it's next to impossible to get the word out about this.
It's a bit hard to get concerned about one low month - especially when the author's own graph shows two similarly low months in the past 3 years. One data point does not a trend make. Even two data points aren't quite a trend. Come back when there's 3 consecutive months of low growth, and then start shouting "The sky is falling!"
The 180k forecast was not from the BLS, it was the median estima-te from market participants. The 20k figure was a surprise for sure, but there is plenty to suggest it was just an outlier. Let’s wait for the next few months :)
One word: Recession
It will take awhile for the data to all come out and the current administration is going to doctor the F* out of those numbers, but I think we have currently entered one.
I don't think we've hit one yet, the question is how long will it take? The average baby boomer will retire by 2022, they'll be taking all their investment dollars too and shifting them into T-bills and other low risk investments.
The stock market will not be able to weather this, but in Congress's view it needs to weather this because over the last twenty years you have seen tax returns and the stock market correlate more and more closely and move in lock-step to one another. The government needs the stock market to go up because taxes are dependent on it.
We are definitely going to see them drop interest rates and we will probably see Quantitative Easing rounds 5 and 6. This may give the economy some legs in the short term, but you will ultimately see the US dragged kicking and screaming into recession by 2022 at the latest in my view, but more realistically Q4 2019 - Q2 2020
What are T-bills, if you don't mind me asking?
US Treasury Bills.