Why job market still strong

[Manishican]

Why job Market still very strong even with a recession and high interest rates 

[Galactus]

Em strong man , lot of companies are on hiring freeze , maa company kooda hiring freeze ani chepparu since last 2 months..

only few companies hiring , competition mamuluga ledu , never seen hundreds of applications in Linkedin before , now almost every good job ki kooda lot of applications

 

 

[Manishican]

19 minutes ago, Galactus said:

Em strong man , lot of companies are on hiring freeze , maa company kooda hiring freeze ani chepparu since last 2 months..

only few companies hiring , competition mamuluga ledu , never seen hundreds of applications in Linkedin before , now almost every good job ki kooda lot of applications

 

 

But the job numbers and unemployment claims tell a different story 

[Rone123]

Avi labor panulaki, Home Depot lo work chestava lumber dept lo?

[basha786]

low level jobs still no one filling bro thats why - all 100K plus jobs getting screwed soon

[veerigadu]

It’s only labor jobs in construction and retail that are available. 

[Forgive_Me]

Low level job number/requirements shows the economic activity, not the useless IT contracting positions. most of the IT job vacancies create ayyevi contracting jobs, full time lead position lo unnodi g balupu tho pani cheyakunda contracting slave position(s) create chestharu for known reasons. Then comes full time positions in a team, half of them are also created by our desi managers to get jobs for manavalla, friends & family and casette belt . . . .adhe IT, all artifically created positions except few product develop roles, dhanni chusi economy bongu boshanam ante g tho navvosthadi

[Manishican]

No layoffs that I know of

[krishnaaa]

On 10/1/2022 at 12:06 AM, Galactus said:

Em strong man , lot of companies are on hiring freeze , maa company kooda hiring freeze ani chepparu since last 2 months..

only few companies hiring , competition mamuluga ledu , never seen hundreds of applications in Linkedin before , now almost every good job ki kooda lot of applications

 

 

Lot of people still doing multiple jobs.

You will get it if you have good contacts.

2008 recession lo kuda people that I know were getting jobs easily.

This slowdown is nothing.

[JambaKrantu]

Contractors anadru 2 to 3 contracts to challaga unnaru except for FTE gorres

[dasari4kntr]

ఇదే అర్ధం కావట్లే…GDP తగ్గితే unemployment rate పెరగాలి…GDP పెరిగితే unemployment rate తగ్గాలి…గత రెండు నెలలు గా unemployment rate పెరిగింది కాని ఎక్కవకాదు…

May be Q3 results will clarify this…

The relationship between economic growth and unemployment has been studied experimentally in the economic literature based on what is known as the Okun law, which shows that there is an inversely proportional relationship between the change in the growth rate (GDP) and the change in the unemployment rate.

Okun's law says that a country's gross domestic product (GDP) must grow at about a 4% rate for one year to achieve a 1% reduction in the rate of unemployment

Related	Last	Unit	Reference
Unemployment Rate	3.70	percent	Aug 2022
Non Farm Payrolls	315.00	Thousand	Aug 2022
Government Payrolls	7.00	Thousand	Aug 2022
Nonfarm Payrolls Private	308.00	Thousand	Aug 2022
Manufacturing Payrolls	22.00	Thousand	Aug 2022
Unemployed Persons	6014.00	Thousand	Aug 2022
Average Hourly Earnings	0.30	percent	Aug 2022
Average Weekly Hours	34.50	Hours	Aug 2022
Labor Force Participation Rate	62.40	percent	Aug 2022
Long Term Unemployment Rate	1.07	percent	Feb 2022
Youth Unemployment Rate	8.00	percent	Aug 2022
Average Hourly Earnings YoY	5.20	percent	Aug 2022
Employment Rate	60.10	percent	Aug 2022

[Manishican]

None of the people I know lost job. This is nothing compared to 2008. Interest rates will go a lot higher.

[Telugodura456]

16 hours ago, dasari4kntr said:

ఇదే అర్ధం కావట్లే…GDP తగ్గితే unemployment rate పెరగాలి…GDP పెరిగితే unemployment rate తగ్గాలి…గత రెండు నెలలు గా unemployment rate పెరిగింది కాని ఎక్కవకాదు…

May be Q3 results will clarify this…

The relationship between economic growth and unemployment has been studied experimentally in the economic literature based on what is known as the Okun law, which shows that there is an inversely proportional relationship between the change in the growth rate (GDP) and the change in the unemployment rate.

Okun's law says that a country's gross domestic product (GDP) must grow at about a 4% rate for one year to achieve a 1% reduction in the rate of unemployment

Related	Last	Unit	Reference
Unemployment Rate	3.70	percent	Aug 2022
Non Farm Payrolls	315.00	Thousand	Aug 2022
Government Payrolls	7.00	Thousand	Aug 2022
Nonfarm Payrolls Private	308.00	Thousand	Aug 2022
Manufacturing Payrolls	22.00	Thousand	Aug 2022
Unemployed Persons	6014.00	Thousand	Aug 2022
Average Hourly Earnings	0.30	percent	Aug 2022
Average Weekly Hours	34.50	Hours	Aug 2022
Labor Force Participation Rate	62.40	percent	Aug 2022
Long Term Unemployment Rate	1.07	percent	Feb 2022
Youth Unemployment Rate	8.00	percent	Aug 2022
Average Hourly Earnings YoY	5.20	percent	Aug 2022
Employment Rate	60.10	percent	Aug 2022

Labor force participation thaggindhi anukunta. Unemployment is calculated based on those who are looking for job.

[dasari4kntr]

4 minutes ago, Telugodura456 said:

Labor force participation thaggindhi anukunta. Unemployment is calculated based on those who are looking for job.

Writing artham kakapothe cheppu…will type tomorrow…

[Telugodura456]

3 minutes ago, dasari4kntr said:

Writing artham kakapothe cheppu…will type tomorrow…

I agree. But aa demoninator undhi choodu - number of people in labor market.

That decreased a lot in labor market. So employment rate perigindhi even though number of people employed thaggina kooda.

GDP ante production - assuming productivity is same - more people is more production.

Generally yes - less unemployment rate - means more people working and more production.

But here labor market ee koncham thaggindhi - people retiring and quitting workforce to start bussiness gatra.