June’s drop in the unemployment rate was because of an exodus of workers from the labor force.
The labor force participation rate, which measures the working-age population of those either employed or looking for a job, fell to 61.5%, the lowest since March 2021, according to the Bureau of Labor Statistics.
Excluding the Covid-era jobs market, it was the lowest participation rate since June 1976.
The labor force plummeted by 720,000 in June.
The job market is horrible. I can’t speak for STEM or Medicine but I’ve ended up working seasonal jobs where I travel state to state. I couldn’t find a job that paid enough back home where I could support myself. Not to mention fake job postings or postings where they’re not actually hiring but just to meet a company quota.
I can speak for STEM, and AI has erased any possibility of landing a job. Specifically, every part of the job hunt has been tainted by AI:
AI job recruiters and AI-generated job postings use AI to search resumes and applications for key words, but even if you use said key words, your resume may not be picked up unless you use an AI resume builder to generate a resume that the AI job recruiter and application can analyze, then and only then, you just might have a chance at an interview…with an AI interviewer.
I genuinely wish the worst possible deaths on AI corpo shillionaires.
It’s a shame for me because I got jobs from STEM but I didn’t make bank like my peers and then invest in real estate to strangle hard working people. I just made enough to barely make my payments and I genuinely love it but AI has sapped so much of my joy.
I was like, would anyone in the company at least want to hear about how bundlers work at a brown bag talk and why we use them for server side and client side and all that? and everyone was like, no … AI can do that. I was like, fine …
I can also speak for STEM. if you’re not currently in it, you’re not getting into it. and if you get out of it, unless you’re some kinda rockstar dev that is crucial to some companies survival, you’re not getting back into it. At one point you’d be competing against off shored dudes from India, which was easy to over come. Now not only are you competing with them who are now working for less pay than what they were before, you’re also competing with the ones that are willing to leave India and work in person for less pay AND AI AND fresh grads willing to work for minimum wage to be a prompt monkey. AI is a primary factor but it’s only one of the factors. Competent and qualified people in STEM are going the way of the buffalo. And I’m telling you now we’re all collectively fucked as a result. Mark my words data “leaks” like that one from that dating app a year or so ago are going to look like a casual sunday stroll in the park compared to what is eventually coming. they’ll be more frequent and be coming from everyone especially various governments.
I’m getting out of it this October and taking an early retirement. I want no part of it.
Yeah, that well is sort of drying up. It was a good go though.