SOMEBODY WAN

@the.reframed.collective

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SoundTikTok sound · original sound - the.reframed.collective

Why it worked

The video taps into a common frustration and anxiety among job seekers by presenting data that explains why their job search might be difficult. The clear presentation of statistics and the relatable narrative make the content shareable and engaging.

Summary

The video discusses the discrepancy between the number of job openings and actual hires in the US economy, citing data from the JOLT report. The speaker highlights that job openings have remained high while hiring rates have fallen, suggesting that many listed job openings may not be genuine or are being used for other purposes by companies.

Structure

1Introduction of the job opening vs. hiring discrepancy
2Explanation of the JOLT report and its data
3Analysis of March, April, and May data showing a widening gap
4Discussion of the implications of this gap for job seekers
5Conclusion that companies may be using job postings for reasons other than actual hiring needs

On-screen text

SOMEBODY WAN WHY WHY JOB OPENINGS AR WHY JOB OPENINGS ARE 146% OF WHAT'S ACTUALLY BEING HIR I'M NOT AN I'M NOT AN ECONOMIST BUT I'VE SPENT OVER 20 YEAR AND AND I KNOW A COVER UP WHE THE THE JOLT REPORT WHICH THE JOLT REPORT WHICH IS THE JOB OPENINGS AND LABOR TURNO SURVEY COMES OUT MONTHLY AND IT COMES OUT RIGHT BEHIND THE MAIN JOBS REPO BUT IT TRACK BUT IT TRACKS HOW MANY POSITIONS EM MANY POSITIONS EMPLOYERS SAY ARE OPEN COMPARED TO COMPARED TO HOW MANY HIRES THEY ACTUALLY MAKE AND IN MARCH AND IN MARCH EMPLOYERS REPORTED 6.9 MILLION JOB OPENINGS BUT THAT SAME MONT BUT THAT SAME MONTH THEY ONLY HIRED 5.5 MILLION NEW EMPLOYEES THAT'S A 25% THAT'S A 25% GAP FOR THOSE OF AND AND THEN IN APRIL AND THEN IN APRIL JOB OPENINGS JUMPED TO 7.6 MILLION BUT HIRES AC BUT HIRES ACTUALLY FELL TO 5.2 MILLION THAT'S A 46% THAT'S A 46% GAP AND THAT 46% GAP HELD SO THREE MONTHS IN A ROW JOB OPENINGS RA JOB OPENINGS RAN FROM A QUARTER TO NEARLY HALF TO NEARLY HALF AS HIGH AS THE ACTUAL HIRING RATES I DON'T THINK THAT I DON'T THINK THAT'S A ROUNDING ERROR THAT FEELS A LIT THAT FEELS A LITTLE BIT MORE LIKE A PA AND THAT PAT AND THAT PATTERN IS SHOWING UP ON THE OTHE NE NET JOB GROW THE HEADLINE THE HEADLINE THAT CAME OUT THIS MONTH WITH THE NEW JOBS REPORT HAS BEEN FALLING HAS BEEN FALLING THIS ENTIRE TIME MARCH ADDED 214,000 MARCH ADDED 214,000 JOB AND THEN IN APRIL AND THEN IN APRIL THAT NUMBER FELL TO TO JUST 148,000 IN MAY IN MAY 129,000 JO BUT IN JUN BUT IN JUNE THAT NUMBER HAS COLLAPSED SHOWING 50,000 SHOWING 50,000 NEW JOB THOSE NUMBERS TRACK TO THOSE NUMBERS TRACK TO THE JOBS REPORT SO JOB OPENI SO JOB OPENINGS HELD RECORD HIGH BUT THE ACTUAL HIRING IS NOT KEEPING UP WITH THE IT'S SHOCKING I TO ANYONE WHO'S APPLYING WE GET IT WE GET IT THAT NET JOB GROWTH IS SHRINKING UNDER BOTH OF THOS SO NOW WE HAVE THREE SIGNALS AND NONE OF TH AND NONE OF THOSE ARE LINING UP THE WAY THAT THEY SHOULD BE IF THIS WAS A REAL HIRI AND I SPENT TWO DECADES IN CORPORATE WORKFORCE DA DATA FROM THE INSID A COMPANIES TH A COMPANIES THAT NEEDED THE OPTICS OF GROWTH PROBABLY PROBABLY JUST AS MUCH AS THEY NEEDE HEAD COUNT BUT A POSTING THAT NEVER CONVE BUT A POSTING THAT NEVER CONVERTS TO A HIGHER THAT'S A CHOIC THAT'S A CHOICE AND IT SERVES SOMEONE WHETH WHETHER IT'S AN INVESTOR NEEDING TO IMPLIED GROWT OR COMPETIT OR COMPETITIVE INTELLIGENCE OR SOMETIMES IT'S JUST MAKING SURE THAT THEIR EMPLOYEES KNOW THAT THEY'RE REPLACEABLE AND I'M NOT SAYING AND I'M NOT SAYING THAT THIS DATA PROVES BUT BUT I THINK IT DOES PROVE TH THE STORY THAT TH THE STORY THAT THESE COMPANIES ARE TELLI WITH THEIR JOB OPE WITH THEIR JOB OPENINGS AND THEN THEIR ACTUAL HIRES ARE TWO VERY DIFFER NARRATIVES SO IF YOU'VE BEEN AP SO IF YOU'VE BEEN APPLYING FOR MONTHS AND HEARING NO IT COULD VERY WELL IT COULD VERY WELL BE THAT YOU'RE APPLYING TO JOBS THAT AREN'T RE AND I'LL SAY IT AND I'LL SAY IT AGAIN IT'S PROBABLY NOT REALLY ABOUT YOUR RESUME I'M GONNA KEEP FOLL I'M GONNA KEEP FOLLOWING THE JOLTS TO JO AND YOU CAN FOLLOW ALONG WITH ME BUT MAYBE TELL US HOW MANY JOBS YOU'VE APPLIED TO IN THE LAST MO AND HEARD NOTHING BA SHARE THIS WITH SOMEONE ASKING THE SAME QUES WE'LL BE WE'LL BE HERE I'M NOT GONNA QUIT TALKING ABOUT IT

Original caption

146% more job openings than actual hires and somehow it’s still YOUR resume that’s the problem? Nah. We're done doing this. #genx #unemployed #jobsearch #womenover50 #useconomy

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Transcript

Somebody want to tell me why job openings are why job openings are 146% of what's actually being hired? I'm not an, I'm not an economist, but I've spent over 20 years in corporate data and I know a cover-up when I see one. The, the JOLT report, which is the job openings and labor turnover survey, comes out monthly and it comes out right behind the main jobs report. But it tracks how many positions employers say are open compared to how many hires they actually make. And in March, employers reported 6.9 million job openings. But that same month, they only hired 5.5 million new employees. That's a 25% gap for those of you who do math. And then in April, job openings jumped to 7.6 million. But hires actually fell to 5.2 million. That's a 46% gap. And that 46% gap held. So three months in a row, job openings ran from a quarter to nearly half to nearly half as high as the actual hiring rates. I don't think that's a rounding error. That feels a little bit more like a pattern. And that pattern is showing up on the other end too. Net job growth. The headline that came out this month with the new jobs report has been falling this entire time. March added 214,000 jobs. And then in April, that number fell to just 148,000. In May, 129,000 jobs. But in June, that number has collapsed, showing 50,000 new jobs added. Those numbers track to the jobs report. So job openings held record highs, but the actual hiring is not keeping up with them. It's shocking, I know, to anyone who's applying. We get it. We get it that net job growth is shrinking under both of those. So now we have three signals and none of those are lining up the way that they should be if this was a real hiring boom. And I spent two decades in corporate workforce data from the inside. Companies that needed the optics of growth, probably, probably just as much as they needed head count. But a posting that never converts to a higher, that's a choice. And it serves someone's purpose, whether it's an investor needing to implied growth or competitive intelligence. Or sometimes it's just companies making sure that their employees know that they're replaceable. And I'm not saying that this data proves, but I think it does prove the story that these companies are telling with their job openings and then their actual hires are two very different narratives. So if you've been applying for months and hearing nothing back, it could very well be that you're applying to jobs that aren't real. And I'll say it again, it's probably not really about your resume. I'm gonna keep following the JOLTS to jobs comparison and you can follow along with me. But maybe tell us how many jobs you've applied to in the last month and heard nothing back. Share this with someone asking the same questions. We'll be here. I'm not gonna quit talking about it.