The Brutal 2024 Job Market Realities

WELCOME… WHAT IS THIS NEWSLETTER ABOUT?

This is the official newsletter of The Recruiting Is No Joke Podcast. A podcast brought to you by The Realest Recruiter.

Each week we will review the podcast - Include the video highlights and give a brief description of the show! I’ll also give my thoughts on why the episode was the best episode ever 😉

Episode Summary:

Are we truly witnessing job growth, or is it just another statistical illusion? The U.S. August jobs report claims 142,000 new positions and a dip in unemployment to 4.2%, but can we really trust these figures? Is the much-anticipated September surge on the horizon, or simply wishful thinking? And why are recruiter job postings climbing when so many Australians are taking on multiple jobs just to get by? Could this be a sign of economic resilience—or a red flag we’re overlooking?

In this episode of Recruiting is No Joke host Joel Lalgee takes a closer look at the August jobs report, questioning the accuracy of the numbers and warning that revisions could be coming. He challenges the idea that 142,000 jobs were actually created and stresses the importance of digging deeper into the data for a clearer understanding of the job market.

Joel also explores the emotional toll job searching can take, sharing the struggles of job seekers who face rejection after countless applications. He offers practical advice on staying resilient and tips for those labeled "overqualified" to better tailor their applications and showcase their true value.

Wrapping up, Joel discusses the growing trend of people in Australia balancing multiple jobs and the risk of burnout that comes with it. 

Curious to know what these trends mean for your career or business? Tune in to Recruiting is No Joke, and don’t forget to subscribe for more insights on navigating today’s complex job market!

A FEW CLIPS FROM THE LATEST EPISODE

Here are a few clips from the show. Just click on the link to access the LinkedIn page for the podcast.

JOEL’s take away from the episode:

The time that goes on I realize that most of the numbers they use to report on the health of the job market and economy seem to be an inaccurate way to gauge how things really are.

We need to dig deeper into the numbers:

What are the industries that are experiencing job growth? How many of the jobs added are part-time jobs? How many jobs are just people moving from one company to another doing the same thing?

Instead of just looking at the headline numbers take the time to investigate deeper.

I have the luxury of hosting live shows daily and talking with job seekers, this gives me an accurate look into the job market firsthand.

LIVE EVENTS THIS WEEK:

Weekly LinkedIn Audio Show with Marcus Sawyerr

TikTok LIVE SHOW DAILY

About the Author: Joel Lalgee has built a social media following of almost 700,000. In 2019 he started creating content on Linkedin and since then he has expanded to Tiktok, Twitter, Snapchat, Facebook, Instagram… yeah everywhere. He’s also hosted 2 successful podcasts. His content has been viewed over 500,000,000 times and he now coaches recruitment teams on how to create content successfully to win on social media. If you are looking to work with Joel - Joel provides consulting, advising, and sponsorship opportunities.

Until next time!

Joel

✌🏽

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