From 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

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Why You Are Getting So Many Fake Job Offers By Text