But the liquidity isn't fake, hence why the firms pay recruiters rather than waiting for the actually-interested people to beat a path to their door. The jobs are real, as are the candidates willing to actually show up to an interview. If you have a job and no suitable candidates, sourcing them is a valuable service, even if a few people get annoyed by the recruiters (better by them than by the employer...) along the way.
Plenty thanks, and on the rare occasions I've actually been remotely interested in the job they're promoting they've been more effective st getting me interviews than responding to actual employers' paid listings with carefully crafted cover letters.
Thanks to people like this who pass out resumes without authorization and shop candidates, I lost out on a key job opportunity at a time where I was in a pretty bad personal situation, and the job market was not so great.
So maybe I'm mean, but I have no respect whatsoever for contingency recruiters.