Why You Are Getting So Many Fake Job Offers By Text

CNBC

Your phone might be inundated with texts offering you a job these days. However, the Federal Trade Commission (FTC) says many of those job offers aren’t from legitimate companies - they are from scammers. Many people have already lost millions to these text job scams and the fraud, the FTC says, is on the rise. Consumers reported losing $14.8 million in 2023, a figure that jumped to $61.2 million in 2024. Some experts say people are more vulnerable to job scams during uncertain times like these, when a wave of job cuts draws widespread attention and recession fears make the economy feel increasingly unstable. Watch the video above to learn how the job market and economic uncertainty fuel the rise of text job scams and how to protect yourself. Chapters: 0:00: Introduction 1:58: Chapter 1 - The rise of text job scams 5:06: Chapter 2 - The job market 9:54: Chapter 3 - How to protect yourself Produced by: Anuz Thapa Edited by: Darren Geeter Narration by: Jordan Smith Additional Narration by: Devan Burris, Merritt Enright, Christian Nunley Senior Director of Video: Lindsey Jacobson Graphics by: Jason Reginato, Mithra Krishnan Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Do you want a new career that’s higher-paying, more flexible or fulfilling? Take CNBC’s new online course - How to Change Careers and Be Happier at Work. Pre-register today and use coupon code EARLYBIRD for an introductory discount of 30% off $67 (+taxes and fees) through May 13, 2025: https://cnb.cx/4igNyqZ Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #cnbc Why You Are Getting So Many Fake Job Offers By Text