Happy Sunday Bites, people.

We finally found a proper reaction to all your New Year Resolutions:

We’re covering the jobs market this week

TL;DR: Job postings are way down but still up from pre-pandemic levels, but there’s an economic shift going on in industries with jobs that can be done remotely, to those that require a worksite presence. Some of this

Stuck with Sunday Scaries? 4 half-assed answers

Graph below. We’ve seen a steady decline of job postings from Feb ‘22 to now.

The quits rate is down to ~2%, which is the lowest since September of 2020, signaling that we’re not as confident we’ll be able to find a new job.

1. Am I going to be trapped in my job if these numbers keep declining?

We’ll answer that, but take a look at some info first.

1. Around 80% of this newsletter’s audience has advanced degrees, and your chances of being unemployed decreases when your level of education goes up

2. It typically takes 2-6 months finding a new job after a layoff

3. If you’re in tech, 4 in 10 find jobs within a month

Final answer? Maybe, maybe not.

In the words of Paul Bettany,

2. Are there industries where I CAN get a new job easily?

1. Plain as day: It’s Child Care. We know this from personal experience given the demands these wonderful angels are placing on us to take care of our…wonderful angels.
   

2. There’s a ton of demand for in-person jobs (see graph below)

3. There’s 2 things that could be driving down demand for industries like Banking, Marketing, and Software:

   • Remote work/Corporate work is over-saturated

   • AI is reducing the need for these jobs

We think it’s the former, since unemployment would have skyrocketed if Chat-GPT replaced your accounting gig.

3. How long is this ‘decline’ going to last?

We wouldn’t necessarily call this a decline. This is a ‘regression to the mean’ mixed with macro economic factors, most likely.

You no longer have the leverage of over-inflating your salary by going to another company, but the anxiety of all the post-2008 fallout doesn’t have to be the case, either.

Again, none of this is investment advice.

What AI Made This Week

Sick Fits by Ahmed (Week 2)

Batman Robert Pattinson. This is Berlin Techno Scene meets the month of November. All the fits in this movie are fucking fire. Take a look! All fastballs.

Have a great week!

Ahmed and Peter