I’ll sometimes reference the number of job openings when discussing the state of the economy.
But I caught a snippet on the radio* this morning about how many of the posted jobs aren’t real. Companies may just be collecting resumes to look at job descriptions, to feel out availability before bidding on contract work (I see this with government contracting), to gain intelligence on other businesses, etc. It’s easier than ever to post a job and machine-analyze resumes.
I’m stumped as to how to figure this into the state of employment and of the economy. We’re seeing demand pressure on wages, so it’s not all fluff, but I’m not sure how to do more than just acknowledge the phenomenon.
*I’m traveling and have no idea what station it was. Sounded like public radio of some deacription