Ghost jobs: What the rise in fake job listings says about the current job market
Publishing timestamp: 2024-08-22 06:02:01
Summary
Legitimate companies are posting fake job listings, known as ghost jobs, which are openings that don't actually exist. The rate of hires per job posting has halved over the past five years, causing confusion in the job market and making it harder for the Fed to understand the labor market. Despite this, the overall labor market remains healthy.
Sentiment: MIXED
Tickers: MSFT,
Keywords: microsoft corp, business news, u.s. economy, jobs, labor economy, economy, united states, personnel, politics, business,
Source: https://www.cnbc.com/2024/08/22/ghost-jobs-why-fake-job-listings-are-on-the-rise.html