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A "job opening" is not a job. It's an aspirational advertisement. Further, the graph shown is pretty noisy and I'm not sure the upward move which counters the
by 7e 5mo ago
A "job opening" is not a job. It's an aspirational advertisement.
Further, the graph shown is pretty noisy and I'm not sure the upward move which counters the downward trent is statistically significant.
- 9rx 5mo agoBLS doesn't look at job ads when compiling "job opening" data. Their method isn't perfect (nothing in life is), but far more comprehensive than you give it credit for.
- handfuloflight 5mo agoSo what do they look at?
- 9rx 5mo agoThe results of them actually talking to businesses and asking questions that are more than "did you have a job ad posted?" You are hardly the first person to imagine that job ads aren't representative of actual job opportunities. Obviously they are going to put in effort to avoid those weak signals.
- handfuloflight 5mo agoHow many businesses were surveyed?
- 9rx 5mo agoAs many as was required to find statistical significance. This S in BLS stands for statistics, after all.
- handfuloflight 5mo agoWhat are the flaws in this methodology?
- nomel 5mo agoCan a crisis exist within noise?
- paulpauper 5mo agoYou can also look at the BLS unemployment rate. Its also low. The predicted mass joblessness due to AI shows no sign of happening
- tamimio 5mo agoAdvertisement or trying to fool investors that they are growing