There Are More Jobs Than People Out of Work, Something the American Economy Has Never Experienced Before (cnbc.com)

The jobs market has reached what should be some kind of inflection point: there are now more openings than there are workers. From a report: April marked the second month in a row this historic event has occurred, and the gap is growing. According to the monthly Job Openings and Labor Turnover Survey released this week, there were just shy of 6.7 million open positions in April, the most recent month for which data are available. That represented an increase of 65,000 from March and is a record. The number of vacancies is pulling well ahead of the number the Bureau of Labor Statistics counts as unemployed. This year is the first time the level of the unemployed exceeded the jobs available since the BLS started tracking JOLTS numbers in 2000. As of April, the total workers looking and eligible for jobs fell to 6.35 million, a decrease from 6.58 million the previous month. The number fell further in May to 6.06 million, though there is no comparable JOLTS data for that month. Under normal circumstances, the mismatch would be creating a demand for higher wages. However, average hourly earnings rose just 2.7 percent annualized in May, up one-tenth of a point from April. Further reading: Why Nebraska has an amazing jobs market but nobody is moving there.

Comments

Re:Thanks Obama

[jwhyche]

Before you give credit to Trump, this is the tail of the economy that Obama revived. See Bare Stearns

Trump cure cancer, contact friendly alien life, and solve all the worlds problems, and you would still find something to bitch about him. Why can't you people just accept, despite his personal faults, he is actually doing a pretty decent job?

Re:Ok

[Mashiki]

In general they don't suffer the same thing. In contrast, we can already see the impact of poor work ethics from those younger kids, compared to even a generation ago. When you hand someone everything, and they never struggle, put into positions that make them grow, you end up with people who are "fine with the status quo" and are unwilling to strive for more.

~25 years ago when I was in high school, the school didn't shut down unless there were two things going on: Severe weather(severe snowfall 10+cm, blizzard, tornado, fog with visibility under 10m), or the bus was broken. Even then, they expected kids who didn't take the bus to show up to class. Just this last winter(in december), there were multiple cases where we got 1cm of wet snow on the ground, that will melt in 2hrs when the sun comes up. All of the schools in the area were shut down. That's in an area of Canada were +30cm snowfalls overnight are common. By all means, explain how this benefits anyone and doesn't foster a mentality of "well that's a reason to blow it off..."