No BS Career Advice: September 22, 2024

By Jeff Altman, The Big Game Hunter

As you may know, LinkedIn offers news summaries with links back to the original source material. I that these summaries are generally terrific. On Friday, they offered this synopsis to a Bloomberg article about the Federal Reserve Bank’s rate cut. It included this sentence, “That means the tightest monetary cycle in decades, which came to a close with the half-percentage point reduction, may not result in recession or job losses.”

For those of us on LinkedIn who have experienced job loss or seen the constant sharing of #opentowork posts in our feed for two years, in my opinion, it demonstrates a disconnect between people in certain roles and economic strata with what is happening in the real world.

It is like when the federal jobs report is summarized, and we don’t go past the headline of the number of jobs created to read how many of these jobs are part-time or how many fit the work that LinkedIn users do. We don’t see that many of the jobs for the past two years were government jobs or government-adjacent like social services and healthcare (heavily supported by government at the federal, state, and local levels). Many people I speak with feel hurt and pain that they are not among those finding work or even being interviewed for jobs.