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The Disturbing Trend of Fake Jobs
September 17, 2024
Before I get into this week’s topic, a nod to the Fed Open Market Committee must be made. The September FOMC meeting starts today, with the much-anticipated announcement of a 25-basis point interest rate cut occurring tomorrow.
Last week, the Bureau of Labor Statistics released the August read of the Consumer Price Index. On an annual basis, the CPI fell to 2.5%, marking a decrease from July’s report of 2.9%. This level now matches the headline Personal Consumption Expenditure index of 2.5% as announced by the Bureau of Economic Analysis on August 30.
As we reported August 27, it appears the Fed now turns its attention to employment numbers, the second part of its dual mandate.
In researching employment information, I ran across a topic about job listings – fake ones. I have to say I was floored that companies are actually advertising fake jobs. Some of the reasons might be legitimate, while others are clearly not.
Read their reasons for using this tactic and let me know what you think.
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