Some time ago Linkedin started sending weekly e-mail with the trends for "your kind of jobs". Every week since it's been reporting a 10% drop in job postings, then went over 10%. Well, last week it held at 0, then this week it dropped another 13%.
At the same time the government reports tout the job growth. So, is it a drop in high-paying jobs and growth in low-paying jobs? (Which is not exactly a great thing). As it happens, I know someone who runs a job posting web site that is used predominantly for low-to-mid paying jobs. And guess what, he says that the postings on his site have also sharply dropped around April. So no, not a growth of low-paying jobs either.
What does it all tells us about the government statistics? As they saying goes, "lies, damned lies, and statistics". Maybe they'll "revise" it a few months later as they've done with statistics on income after inflation, where the loudly touted slight growth above inflation had quietly turned into a ~5% loss.
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