The Shocking Link Between Rising Unemployment and Fake Job Listings!

Unemployment is on the rise
Unemployment is 4.1%!

Unemployment is on the Rise!

As you can see this is the current unemployment rate from the BLS reports.  If you want to dig deeper, you can but the real concern is that it has jumped from 3.5%( Last June 2023) to 4.1 This year.  That’s a .6% rise in a year and it’s not going down.  Unemployment is going up and if we look at the unemployment rates from 2006 you can see once it started to rise, it went fast upward.   This seems to be the something that will happen again.   We might not get up to 10% but we will get past the 6% to 7% rate and it might even stay there for some time.  I’d say maybe a 1 or two years.  The Feds might have to do something soon to prevent this from going higher than that this year by introducing rate cuts in the coming months.

Fake Jobs and Scams are on the Rise!

Ghost Jobs, and Fake Jobs are being posted on every job board around just to bolster the companies moral and keep employees happy.  I’m even seeing more job scams getting into my email box and I even documented some of the ones that I have seen in the past few weeks.  Here’s a small list of them:

I’ve talked about some of these are more in the past and I’m really concerned with where the job market is right now and what companies are doing to the job seekers and potential new employees.  Is it morally right to go through the process of interviewing candidates if they aren’t going to hire you and is it even right to put up those jobs if you aren’t really hiring.   I’d says it is but I am sure others would disagree with me.  I understand the concept.

Job Interviews

I’ve got a job interview with a company in the next two weeks and they have reposted the job on Linked-in.   That seems more than smells of something rotten but I will patiently wait and see what they do when I go through the interview.   I am dubious that they aren’t going to hire me but I have to make an effort to do that.  Another company which is local is interviewing me and wants me to come back in for an “IT Support Analyst” position, which I don’t understand but I will go and do the interview with someone else for one reason or another.   Is the job market so bad that companies are being ultra picky on who they will hire and who they want to join their team?  I would say most likely yes and it’s really one of those things we will have to see in the coming months.   The pendulum has swung to the employers side and we are just going to go through the motions of trying to find a job and go through more excessive interviews to get that one job we are looking for to being able to survive the impending recession, which we may already be in.

Have you had any fake job stories you want to talk about, why not leave a comment and tell us your story.  I’d love to hear your experiences on the subject matter and maybe it will help others avoid the same mistakes.

Adobe Lays off 600 people

Adobe might also hire new workers within Europe, he said. The cuts will be formally announced on Dec. 15 when the company releases its fourth-quarter financial report.

[via Infoworld]

[ad#ad2-right]This is another technology company to lay off people, there are some talks that it would be around 600 workers on some blogs. Others are just talking about the Management shakedown, and some workers are going to be moved around. I don’t know who is going to be laid off, or if there will be a tremendous amount of people who will need to start looking for a job. I do know that Adobe is looking for ways to cut cost, and I expect they are having problems just because of the Recession.  If you want to check out other jobs that have laid people off, just click this link.

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Adobe also announced the implementation of a restructuring program, and has taken steps to reduce its headcount by approximately 600 full-time positions globally. The restructuring will result in anticipated pre-tax charges totaling approximately $44 million to $50 million. The Company expects approximately $28 million to $30 million of the restructuring charges to be recorded in the fourth quarter of fiscal year 2008.

[Via Adobe Blog]

This the press release for Adobe and I wanted to share with you what they said. So it is confirmed they want to get rid of 600 people. Sad to hear, but that isn’t the only layoffs in the industry. If I find out anything else I’ll let you know!!

Black Friday becomes Blacker!

There aren’t a lot of details yet, but news sources are saying that in Palm Desert, California, two people died after a shooting inside a Toys R Us. One story suggests that the shooting was the result of an altercation between two teenage girls. Apparently, a boy, listed as a juvenile, was responsible for the shooting and was detained.

[Via Gizmodo]

[ad#ad2-left]According to Gizmodo, two people are dead and I’ve looked at KMIR News 6 and There is no more information.  I do not like this years black friday it seems like Recession is hitting people harder than people thought!!  Not much else is known but this is going to be the worst Black Friday for a while.   I don’t think there has been any thing like this before.

Technorati Officially laysoff 6 people!!

Technorati released today they are going to Lay off 6 people and I will quote:
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Unfortunately, this means sacrifices. Technorati’s management team members are taking pay cuts ranging from 15-25% and employees are taking 10% cut. This also includes the reallocation of staff. We’re laying off six employees today – including two executives — and there are two additional departures we won’t replace. These are high performers who have worked long hours to get us where we are now. They’re also friends, and we’re very sad to see them go. We simply need a leaner and reconfigured mix to get us through 2009.

[via Technorati Weblog]

They will also be taking pay cuts all through the company.  So the recession is hitting them also.  I am sure CEO Richard Jalichandra has the company interest in mind.  According to Techchunch, they have added these recent layoffs ticker.   You can also search my blog for other layoffs that have happened or will happen.

Citigroup bank might be saved through the recession.

According to reports from ABC News, Citibank is having a hard time and might need to be assisted by the government.

[ad#ad2-right]The company has seen its shares lose 60 percent of their value in the past week, reflecting a crisis of confidence among skittish investors. They are worried all the risky debt on Citigroup’s balance sheet will turn into losses as the economy worsens and the markets stay turbulent — losses that could be nearly impossible to reverse.


[via ABC News]

Although this is somewhat expected, I don’t think we can afford to pay the debt of a bank.  We are all having to deal with this recession.   I don’t know how they can afford to pay for Citigroup and expect this to help bolster the economy.   I guess only time will tell!!!