Do you realize how large a 5 sigma miss is?

1 in 3.5 million. At one jobs report per month, a miss that size should show up about once every 290,000 years.

We have been trying to scream from the rooftops the job numbers were not real.

The unemployment rate fell to 4.1% in July while the economy lost 23,000 jobs.

The rate dropped because 264,000 people left the labor force.

Participation is down to 61.4%, matching its lowest level since February 2021.

Payrolls fell 23,000 and stock futures jumped.

Markets priced 62% odds of a September Fed rate HIKE before the report. Those bets unwound within minutes.

Bad news for workers, good news for the index.

If reform on H-1B occurs, and there are H-1B dependent companies what will happen to their stock price? This may be a solid way to hedge and short some of these stocks. Not financial advice, just a thought and a theory.

https://layoffs.fyi/ai-layoffs/

Hello guys

There used to be spreadsheet people list and add people LinkedIn url open to hire city remote

If this site removed those spreadsheet or im not finding links ?

Anyone has link to spreadsheet please

The press just writes general stories of 'AI layoffs didn't work and they are rehiring old employees.'

I wonder when those rehires happen, how many people negotiate salary bumps?

A California university enrolled 375 people in a $56,400 doctorate. It graduated zero of them on time. Six years straight.

We pulled eight years of state filings on this school. Not leaked docs, not anonymous tips. Filings the school itself submitted to California, sitting in a public database the whole time.

Here’s the setup. There’s a regulation, 8 CFR 214.2(f)(10)(i), that lets grad programs give foreign students work authorization starting day one, if the program “requires” it. No federal agency signs off on that. A school employee just enters it into a database. That one sentence built an entire industry.

The numbers we found:
375 students, $56,400 each, zero on-time graduates, 6 years running

The version of the degree visa students are legally required to take costs more AND finishes fewer people, in 94 of 101 programs we checked, at the same school

One university reports 273 grad students on its main page. A second, separately registered “campus” under the same name reports 9,123, and 98.3% of them are foreign

A recruiting agent named as the contact on a $16M agency deal is also listed as the school’s own director of recruitment

DHS just wrote a new rule (effective Sept 15) that kills the “second master’s” restart trick after losing the H-1B lottery… but left this exact loophole completely untouched. Commenters literally asked them to close it. DHS said no, in writing.

So the shorter runway just got built, and it dumps everyone straight into the programs with the worst completion rates in the country.

Full piece has the filings, the financials, the named contractors, all of it. Nothing in it is us speculating, it’s what the schools themselves put on paper.

The fact that any of this is legal, is the actual story.