Jobs Market isChanging

[airbiscuit]

Well if 100 Boomers turn 65 and leave the labor force, and there are only 75 Gen Z's turning 18 entering the labor force, you have a net loss of available workers. The graphs don't show the total size of each generation. It shows the the trend lines for 18 year olds and 65 year olds.

I agree that mature skill sets are important, but 21st century shill sets are important too. It will be important for all generations to upskill to stay relevant in the ever changing career landscape.

 

[lman]

In my current job, I talk to a lot of people and employment is part of the discussion. Most of them are stating that employees in manufacturing are being laid off because work is slowing. The RV industry started laying off some time ago, but now I'm hearing that other manufacturing associated with products for new homes are slowing. One client said that 150 employees were laid off in the last couple of weeks. One guy told me that he is only working 3 days a week due to the RV slowdown and he only worked 9 days last month.

 

[orezok]

In my current job, I talk to a lot of people and employment is part of the discussion. Most of them are stating that employees in manufacturing are being laid off because work is slowing. The RV industry started laying off some time ago, but now I'm hearing that other manufacturing associated with products for new homes are slowing. One client said that 150 employees were laid off in the last couple of weeks. One guy told me that he is only working 3 days a week due to the RV slowdown and he only worked 9 days last month.

The deal with the RV industry is that when Covid hit, many people bought RV’s as they felt safer in an RV park than going to a hotel or in an air plane. Now that Covid has somewhat diminished, that are going back to their old ways.

Because of the rapid increase in demand, RV companies hired many people to meet the demand. BUT, now there is an excess of 1 to 2 year old “used” RV’s on the market as people decided RVing is not their thing

Excess employees when demand is low, cheap slightly used RV and the above is what happens.

 

[5030]

Now I may switch to high school.

HS is the best actually because there is no compensation involved, just kids doing their best.

 

[5030]

In my current job, I talk to a lot of people and employment is part of the discussion. Most of them are stating that employees in manufacturing are being laid off because work is slowing. The RV industry started laying off some time ago, but now I'm hearing that other manufacturing associated with products for new homes are slowing. One client said that 150 employees were laid off in the last couple of weeks. One guy told me that he is only working 3 days a week due to the RV slowdown and he only worked 9 days last month.

I bet Warren Buffet isn't happy about that. His company, Berkshire Hathaway owns the majority of the RV builders.

 

[npalen]

Let's put that in perspective.

With more than 1.5 million employees, that's 0.6667 of their workforce.

That would be the equivalent of a company with about 130 employees laying off 1 person.

The release from the company said they had to scramble to hire massive numbers of people at the start of the pandemic to satisfy the demand of people shopping from home. Now that people are going outdoors again, back to work, etc... the demand is slowing. They said it's a whipsaw effect, and their efficiency analysis said many were duplicate jobs that took a while to ferret out.

There were over 220,000 jobs added in the U.S. in October.

There hasn't been one month since January 2021 where jobs haven't been added.

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That's not to make light of the fact that 10,000 people lost their jobs. It's just putting things in perspective of the overall job market and the big picture of the current employment situation.

0.6667? Did you forget the % symbol?

 

[airbiscuit]

I bet Warren Buffet isn't happy about that. His company, Berkshire Hathaway owns the majority of the RV builders.

He seems to be doing okay ....

 

[jyoutz]

I bet Warren Buffet isn't happy about that. His company, Berkshire Hathaway owns the majority of the RV builders.

I don’t think Warren will starve. He’ll probably have enough change to continue buying his McDonalds breakfast every morning.

 

[hiddentacocatneddih]

One issue i see is an older person may have occupied a job for 20-30 years and is now retiring but the company never had a person learning the job to fill their place till the last second. they hire a new person and expect the same output and run em off. and in a skilled industry, no reason to stay if your unhappy, theres plenty of jobs to choose from.

 

[lman]

The deal with the RV industry is that when Covid hit, many people bought RV’s as they felt safer in an RV park than going to a hotel or in an air plane. Now that Covid has somewhat diminished, that are going back to their old ways.

Because of the rapid increase in demand, RV companies hired many people to meet the demand. BUT, now there is an excess of 1 to 2 year old “used” RV’s on the market as people decided RVing is not their thing

Excess employees when demand is low, cheap slightly used RV and the above is what happens.

The biggest killer for the RV industry is the high price of fuel. The RV industry went downhill several years ago also when the fuel price went sky high.