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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.
So why are headhunters still calling me up and trying to lowball me on software developer contracts? With H1B Visas getting shut down, they should be especially short on software engineers, shouldn't they?
I've abandoned my search for truth; now I'm just looking for some useful delusions.
No so. Labor demand is high, so salary is how the companies will compete for labor.
Right, I'll be over here holing my breath waiting for wages to finally go up.
"In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson
There are anywhere from a few million to tens of millions depending on the accounting who just gave up on finding a new job and are not counted anymore.
Labor pool stats are just relative to what we call a proper labor distribution anyway. If 10m millennial women suddenly dropped out of the workforce over a decade to be stay at home wives**, they'd probably call them unemployed. When men who did jobs that were outsourced give up, they call them participants in a ghost economy we won't^H^H^H^H^Hcan't measure Because Reasons.
(**bwahaha you don't think corporate America welcomed a massive influx of women into the workplace out of "repentance for sexism," do you? They found religion on "equality" because adding tens of millions of working women to the economy crippled the ability of the men and lower class women to negotiate with them a la wages.)
If that were true, salaries would be rising significantly faster than inflation. And should have been rising since the end of the last recession (roughly 2012ish, when you account for the people who lost jobs in 2008 getting re-hired).
Salaries aren't doing that.
for corporations doing poorly to advertise for nonexisting jobs. I recall back in the 1990s, when a local company called Traveling Software, kept advertising for positions after they had laid off over 60% of their workforce --- and surprise of surprises --- they never bothered to fill any of those advertised-for positions.
Of course not, most huge corporations have nowhere to grow except in the wallets of the ruling class. This is why we get five-bladed razors *cough*and 3-cameras*cough. Why try hard when you can get rich on your own corner of the market? The sad part is, all these companies will be eaten up by Amazon who is hungry, and will end up with all retail. Then we'll really be fucked.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
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.
Ignoring the U6 column on the labor statistics again?
I bet so. Howzabouts all the people - especially us 60+ - experiencing age discrimination who aren't even being counted any longer?
I guess that's why I'm not willing to take that job at $14.87/hr that is only 20 hrs a week on the other side of the SF bay.
mfwright@batnet.com
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.
Because he actually isn't? Somehow, I really don't care how good the economy is if my country is being looted by a bunch of crooks. And Trump's administration is the most corrupt in history.
That is all.
You've been ingesting too much Fox News. They've been lying about California's economy for years.
http://www.foxnews.com/opinion...
I guess the idea that high taxes and reasonable regulations work pisses off the Ayn Rand-ites, so they have to constantly say that it's failing? That's some serious cognitive dissonance. You should probably get your head out of your ass.
http://www.latimes.com/busines...
I don't respond to AC's.
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.
More corrupt than Nixon? An you can prove this how?
More likely, he is doing a good job and it sticks in your craw that he is.
I read at +2. If your post doesn't reach that level I will not see or respond to it.
Something tells me these numbers are being manipulated. If things really were that good, employers would raise wages. You'd have fast food places offering $20/hr to flip burgers if they needed the labor that badly. Also, including every "job" regardless of full/part time status and suitability is misleading. No one who spent a reasonable effort getting a college degree wants to be working a minimum wage retail job. If all the jobs advertised were professional jobs, or even high-paying factory work this would be an actual story.
One other problem especially in the tech and IT fields is the huge mismatch between employers/employees and the absolutely crappy hiring/headhunting process. Employees lowball their offers, headhunters have zero clue about the jobs they're advertising, and there's a massive fetish for anyone under 30. God help you if you're in your mid-50s and end up on the wrong end of an offshoring/outsourcing. The 28 year old MBA in HR is going to assume you're a dinosaur and immediately pass you over.
It's sure better than 10+% unemployment, but let me know when employers are offering solid, well paying, stable full time work. You can't expect anyone with a family to want to string together 3 part time gigs plus some Uber driving on the side. It's great for the unattached, but a bad way to encourage stable home lives for people.
Obama should have invented a magical accounting method where healthcare spending pays for itself, like the Republicans did for tax-cuts
Had nothing to do with Bush's wars. Nope, nothing at all. The cost and benefit of prior administrations never carries over to the next.
Two of my imaginary friends reproduced once
Economists don't want to admit their their models, ALL of their models, are inherently flawed. Money is our social blood. If it's not flowing to the right places in the right quantities AND staying mostly within a closed system, then our social body begins to atrophy. Money is being hoarded in hands/accounts of too few. Governments have tried to print new currency notes to keep normal people's needs satiated and prevent a riot, but that can only hold up for so long. Money isn't flowing freely in a closed system anymore. I don't know what these hoarders are thinking by extracting so much wealth from the lower populations, but the outcome of doing so will be (a) harsher wage and debt slavery than before, (b) harsher tactics that people have to employ to keep access to food, water, and shelter, and (c) people will leave the system of fiat currency to primarily live in small social communities where most "wealth" is generated by the actions of the people involved (food, water, shelter, and then some sort of production). Seems to me that external countries / people will grab up another country's wealth in order to FORCE it to atrophy, if necessary to gain personal profit. We have to end large scale greed ASAP. It's the only way.
We'd have all the workers we need had we not aborted millions of Americans. Who knows, we may have killed the one who would have discovered the cure for cancer or invented warp drive.
Science calls it "cause and effect". I call it, "You reap what you sow."
Let's see how these trade wars, financial and environmental deregulation, consumer protection gutting, etc. pan out first before we assign the "pretty decent job" title to him. The state of the nation doesn't turn on a dime. For good or bad, the momentum from previous administrations has a rather significant reach into the next. Unless your definition of "pretty decent job" translates to "hasn't caused nuclear winter," we've some wait and see to do.
Two of my imaginary friends reproduced once
This is truth and so many people don't realize it. The state of the world economy is tied to U.S. economy. If the U.S. economy goes south we take the rest of the world with it.
I expect this will not always be true with China's rising economy, but it currently is.
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.
Proof isn't the problem, the problem is the Republicans not impeaching him despite it all.
Proof is a problem, in that there is none. There is a lot of hearsay, but no proof. Can't impeach without proof.
But then what? Have you thought what happens if Trump is impeached? Do you think there will be a do over in the election or that Hillary will be carried in on a gold throne? No you get Mike Pence, think about that for a moment.
You progressives so worried about what Trump might do, you never think about what removing him will do. Trump is a political outsider. He spends most of his time fighting his own congress. Pence will not have that problem. He is a political animal, and knows how to get things done. He has the contacts and clout to pull it off. Plus he is thinks he is on a mission from god to put gays back in the closet and women back in the kitchen. He will set our country back 30 years.
I read at +2. If your post doesn't reach that level I will not see or respond to it.
I would argue that the ACA was a net negative, though, and possibly worse than doing nothing in the long term because of the backlash. ACA was the Republican plan, and it sucked in a lot of ways. This got in the way of the single-payer system that we actually need, which would actually work.
Republican plan? Are you out of your mind? The ACA was passed on a party-line vote with procedural tricks to ensure no Republican opposition could stand in the way.
Alcohol, Tobacco and Firearms should be the name of a store, not a government agency.
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."
Again the HornyWumpus speaks truthfully. I don't know what will trigger it but I do know this. If it does fall down it will be the
I read at +2. If your post doesn't reach that level I will not see or respond to it.
Economy is in good shape and getting better. We're finally addressing the failures of NAFTA, killed the TPP, and getting China (and the EU, to a lesser extent) to have real talks about protectionism and free trade. Not to mention getting a little sit-down with North and South Korea. And pulling us out of insane agreements with Iran (who never signed in the first place) that exclude inspections of all military sites. Great jobs report. Positive trends among public opinion that we're on the right track. Actual progress on prison reform. Unleashed the dogs of war against ISIS and effectively ended them (via elimination of 99% of all ISIS-held territory).
But other than those, and many more, yeah - what's he ever done for us?
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
Crap. My hand bump mouse button when it was on submit before I finished.
If it does fall down it will be a disaster of Biblical proportions.
I read at +2. If your post doesn't reach that level I will not see or respond to it.
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?
I will when you tell me what he's done? (seriously, I'm not anti-Trump, I'll give credit where it's due)
I'll start you off:
Tax cuts. This is what I consider his biggest achievement. Unfortunately it's only good if you are rich, for everyone else it's a shocker.
Employment. I give him credit for maintaining Obama's hard work to turn around the sinking ship, however there are two caveats. Job growth is slightly less than it was under Obama, so even though it's good it's not as good, and it's a lot easier to maintain short term momentum when you're already headed in that direction. The second caveat is that a lot of pro-business policy will only be good short term. These types of moves come with a risk of long term damage (see GWB and the GFC).
North Korea. This is a wait and see as nothing has actually happened yet. And the stuff that has happened seem to have nothing to do with Trump even though he makes claim for them (eg the united Korea Winter Olympic team)
That's all I got. To balance, here's the list of bad things...Oh wait... I don't have a hundred years to list them all in detail....
First, millennials are sneered at if they want a living wage without having a degree. Have to better yourselves to be employed, doncha know.
Next, millennials are sneered at for not being clairvoyant to pick the exact degree that will be in demand when they graduate (You Are Here).
Finally, don't forget to sneer at those millennials for "taking on student loans they couldn't afford".
Your argument about single payer working elsewhere is ridiculous. There's no rational reason for US citizens to subsidize private profits from legal monopolies with severe regulatory capture, just for the sake of medical research of the rest of the world. Other countries with similar resources should be pulling their own weight, and it's a horribly inefficient way to fund research.
Basically all of the useful research is taxpayer funded while still being under unchecked, for-profit monopolies, with only a nominal amount going back to the researchers and universities that engage in said research. Take the NIH grants and university spending, tack on money from 10% of our military budget, release them to the public in a generics process that consists of making untainted chemical equivalents, and we'll get at least twice as many useful drugs at a fraction of the cost.
This is my signature. There are many like it, but this one is mine.
Nothing said about the nature of the jobs or the wages for them. Nothing about the cost of health and accommodation. Nothing about the numbers of people that are no longer counted as looking for work.
So, things are clearly looking up. There are even concerns over wage inflation. Translation, research worth less than a used happy meal.
An again, where is the proof?
You really that dumb or do you actually believe that Pence would be better than Trump?
I read at +2. If your post doesn't reach that level I will not see or respond to it.
So other than capitalism, what do you think we should use? What non-capitalist economy has shown itself to be better for resources, the land, and people?
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
So we haven't had real communism yet? Perhaps the failure of communism is the way it is so easily hung-up at dictatorship - the concentration of all power into the State immediately corrupts those heading the State to simply stop there and not share with anyone. Meaning that communism will never be realized, because the fatal flaw of dictatorship in its path.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
Those are genetic dispositions and socializations. If I'm trying to fix a full stack web Problem every day all day for months or years in a row it will have an impact on my emotional and mental composition. ADHDs are hunters and gatherers in a settler and farmer world.
I've enrolled in college recently and have a Projekt group made up of me (48, senior developer) and three 19 year old nerdboys. And I mean total all out over the top excess nerds. These guys couldn't care less about their appearance or habitus. They do still care but only to the utmost minimum. They care orders of magnitude more about getting our little Java thing done with and back to playing with a bazillion PLs, getting into C++ and trying out that new Tensor Flow thing.
Linus Torwalds would be a abysmally shitty dancer (I presume) but he's one of the best Programmers in the world. That's also due to his mental composition.
We suffer more in our imagination than in reality. - Seneca
You mean the guy who was trying to break into his own house, and when the cop asked him for ID. The guy became belligerent. Yes, very racist. It's not like police ask for ID all the time when they give the person the benefit of the doubt, to see if they were the person in question. And then Obama jumping into the entire thing, and flaming the "well maybe he was a racist." Nope, no race-baiting there. How about "his son trayvon" who had a long history of petty crime, and was well on his way to being yet another banger? Nope that wasn't race-baiting at all. Especially when the media got on board and called the guy who shot him white(because it fit the narrative). Remember, the progressives set the standard on what racism is on that. They attacked McCain, Bush, and several other people and used hispanic as race. You don't get to play one-off with this. Same rules for both sides hypocrite.
How about his race baiting statement in front of the UN with regards to Ferguson. He was a race baiting piece of shit, and no different then any other. The fact that you immediately jump to the "people who were his critics were the real race-baiters" simply shows that you, yourself have a serious racism issue.
Om, nomnomnom...
Naturally, the Republicans hate the Democrats so much they won't even vote for their own plan if a Democrat agrees with it.
That's what the party of NO is all about these days.
I graduated HS under Regan; the guy who started the whole "War on Drugs" while importing Cocaine for money for weapons for Iran.
They MADE the entire Drug war, which we know now was a war on the poorer classes.
Hell it wasn't a problem until little White Girls started fucking Black men for Cocaine, then it was a Scourge.
We are still living that lie, as a country.
This is just the latest round.
Truth isn't Truth - Guliani