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Stock impact report

FTC data confirms job offer text scams are 4 times more common now and have cost job seekers almost $300 million [Fortune]

ZipRecruiter, Inc. Class A (ZIP) 
Company Research Source: Fortune
How do they work? You've probably received an unsolicited text from an unknown number—or from an email address that is just slightly off—with an “exciting” opportunity. Sometimes, scammers will pose as recruiters or post fake job offers on legit job sites like ZipRecruiter or LinkedIn , trying to get you to click on links that they promise lead to video interviews, but actually install malicious spyware on your device (or get you to reveal your Social Security number or bank info). One writer followed through on a scam job and worked for weeks without pay. Big picture: While these kinds of scams exist in any kind of economy, they're doubly pernicious in a weak labor market where so many Americans are desperately applying for work. Last month was the worst October for layoffs since 2003. —MM This report was originally published by Morning Brew Show less Read more
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