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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.
Labor demand is high, so salary is how the companies will compete for labor.
That's the theory. But so far it isn't happening. Wages are barely keeping pace with price inflation. Economists don't really understand why. With tight labor markets and loose monetary policy, inflation should be roaring. But it isn't.
First, there are plenty of people for these jobs but the government doesn't consider them "looking" because they haven't actually looked for a job in the last week or so. It's why the unemployment numbers aren't really that accurate.
Second, and this has been going on for decades, employers will put up fake jobs in that the position doesn't exist, but the employer wants to get a feel for who is out there and what they want in pay.
Third, as the most recent jobs numbers showed, the largest portion of job creation is service jobs. i.e. low wage positions. One could argue that an increase in service jobs is a reflection of a growing economy, it could also mean that automation is taking away some of the more manual jobs which pushes down employment for those who would have done those jobs, thus revealing the only job growth is at your local Kwik E Mart rather than a production line. Since one can't live off those wages, they don't bother applying for such jobs.
While the numbers indicate more jobs than people looking, as the con artist would say, they're fake.
I thought it would be pretty evident but here is a link to help out.
https://www.usnews.com/opinion...
Depending on who runs the numbers under Obama the national deficit rose by 7 to 10 trillion dollars. Almost doubling or doubling, again on who runs the numbers, off all presidents before him combine. That alone is a disaster.
I read at +2. If your post doesn't reach that level I will not see or respond to it.
Accusations of race-baiting are cr@p. He called asshat cops on some of their worse actions (harassing a man "breaking into" his own house, Holder's attempt to dial back civil forfeiture) instead of calling them "heroes" even if what they did was wrong.
The race-baiting came mainly from people who couldn't stand a Black president actually standing up for civil rights. Many "constitutional conservatives" are only conservative until people who don't look like them demand their Constitutional rights. When that happens, only the Second Amendment seems to matter.
It's a simple matter to create more jobs than job applicants. As an example, I could want to start up a new health clinic. I need to employ ten doctors, and I'm willing to pay $7.50 an hour. Hmmm, I'm not finding any takers. But now I want to increase the size of my clinic, and now I need 15 doctors at $7.50 per hour. Of course, I could repeat this and pretend to create an infinite amount of job openings. But it's the problem that you identified as B: pay must match the value of the work.
Many companies, in Europe, use job offerings as a kind of "advertizement". In other words: there is no such job, no idea if that also happens in the US:
Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
Depending on who runs the numbers under Obama the national deficit rose by 7 to 10 trillion dollars.
No, you are wrong! At least get the terms "deficit" and "debt" right. The federal deficit will be $985 billion in 2019 (estimate). Deficit is completely different than debt, and using those terms wrong make you look ignorant. Here are several charts that show the historical and current deficit numbers.
For people who are too lazy to look it up:
National debt: total amount of money we owe.
National deficit: amount we are adding to the debt (this year).
"First they came for the slanderers and i said nothing."
Balancing a checkbook is easy but nobody under 40 does it anymore because it's pointless. The vast majority of transactions these days are digital and the balance of your account is available with a few clicks on your phone. Most millennials will only write a handful of checks in their lives. Gen Z will probably kill them for good.
No! This is the most stupidest thing I've read today. Yes, I realize I'm reading and posting to a 0 score but this thinking has to be corrected.
Balancing your checkbook is basic accounting 101. You don't use it just to keep track of how much money you spend. You use to make sure the bank hasn't committed a error on your statement, or that someone isn't stealing money from your account. Never trust what the bank tells you.
Not all transactions show up on a digital statement right away. Digital transactions first show up as a pending entry in your statement. Those are entries that have not cleared. Those pending transactions can vanish off your account in a few days only to come back as a cleared statement.
Checks on the other hand do not show up on your digital statement till they are cashed. For this to happen you are at the mercy of the person holding the check. They could hold that check for a few days or in some cases a few months.
You must keep track of your own money. Do not rely on the bank to do this.
I read at +2. If your post doesn't reach that level I will not see or respond to it.
You're looking for the Labor Force Participation Rate. 62% of the people who could work are currently working.
The u3 unemployment number is just rigged nonsense, so the headline of this story is also nonsense.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
Who the fuck uses chequebooks anymore? Isn't everything on EFT/Electronic money aside from edge cases with cash or is America behind the times yet again? The only time I ever see a cheque is when a government department or business issues a refund and is too dumb to use direct bank deposit.
Shut the hell up with bullshit like that. Slavery is not the same as people choosing to be lazy and want handouts , be afflicted with an untreated mental condition that affects their ability to be productive.
Just stop. They're not the same.
Bullshit, homeless in Seattle because hiring is in fact abysmal. Amazon and Microsoft still advertise jobs as required by law before they hire H1B. Those job listings aren't meant to be filled, stop spreading lies about "healthy" job market.
I don't usually reply to godless lying Russian trolls, but I'm in Seattle and seeing lots of what is going on. Hiring is great in Seattle. Walk down the street and most places have help wanted signs up in the windows. Problem is that those jobs probably won't pay rent on anyplace within ten miles of downtown Seattle. As for professional jobs, we were in the market to hire somebody (because our groups people keep getting recruited for other places by their friends) and in the time that it took to post the job, collect resumes, and interview, we ended up with out fourth choice because the first three were employed someplace else before we could offer them the job.
Most of the people that are homeless in Seattle are that way because they are living paycheck to paycheck and getting forced out of their houses and apartments by raising rates without first and last to get a new place at the drop of a hat. Housing is going up 10% a year for the past twenty years. The old, cheap places are being torn down to make new expensive places. Apartment complexes are literally doubling the rent from one month to the next to force everybody out so they can remodel and charge more. This happened to one couple I know three times in the same year. Several friends, despite good jobs find themselves having to sometimes stay with friends or family till they can find a new place to live as not too many people can handle their rent doubling long term. Those without a nest egg, friends, or family will find themselves out in the street, and according to the newspapers looking into the issue, that is what is going on in Seattle.