Still friends 🇺🇸 — Ghost listings flood LinkedIn. Float is floating higher after its latest raise.
Jan 14, 2025
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The rise of ghost job listings on LinkedIn raises pressing transparency issues in Canada. Meanwhile, the fintech startup Float secures funding, reflecting the changing banking needs of small businesses. The podcast also dives into the automotive market, detailing the shifting dynamics between new and used car sales during inventory shortages. Experts predict a recovery in new car sales by 2025, alongside continued growth in the used car segment, despite ongoing economic uncertainties.
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Quick takeaways
The rise of ghost job listings on LinkedIn, representing one in five postings, complicates the job search for applicants in Canada.
The Canadian auto market is recovering with improved vehicle inventory levels, leading to a stable pricing environment for new cars and a drop in used car prices.
Deep dives
Rise of Ghost Listings on LinkedIn
Ghost job listings have surged on LinkedIn, with these positions representing one in five postings on the platform. Many companies resort to posting these non-existent roles to maintain a façade of growth or to comply with legal obligations, even when they already have candidates lined up. This trend has exacerbated the challenges job seekers face in a competitive labor market, particularly in Canada, where there are significantly more unemployed individuals than available job vacancies. New legislation in Ontario aims to address this issue by mandating companies to disclose when a job is genuinely open and to follow up with interviewed applicants.
Positive Trends in the Canadian Auto Market
The Canadian auto market is witnessing a recovery as new vehicle inventory levels normalize following years of scarcity. Between 2020 and 2023, the demand shifted from new to used cars due to limited availability, but the supply has recently improved, leading to increased sales across both segments. New car prices remain relatively stable, but used car prices have declined by 8.5% year-over-year, creating a more balanced market. Looking ahead, expectations for growth in both new and used vehicle sales are optimistic, provided the economy continues to perform well without significant downturns.