time to turn off the EBT welfare cards...
Posted on 06/06/2018 1:42:46 PM PDT by Diana in Wisconsin
The American economy just went off the charts when for the first time in history there are now more jobs than job seekers:
The jobs market has reached what should be some kind of inflection point: There are now more openings than there are workers.
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 Wednesday, 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 fresh 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.
“Given these trends, the sluggish wage growth rate is even more perplexing,” said Cathy Barrera, chief economist at ZipRecruiter, an online employment marketplace. “If employers want to fill these 6.7 million job openings, they are either going to have to raise wages or find more clever and creative ways to recruit workers off the sidelines.”
Thank you President Trump!
Ploy to keep illegals and H1B visa holders. America first. Train those on welfare and rehire senior citizens.
Also give the felons and rehabilitated addicts the chance for a real job via supervised employment.
Thanks to government education, vast numbers are untrainable. The unemployable rate is shockingly high.
Yep. And even if they’ve been trained employers want someone else to hire them first and give them five years of experience before they hire them. Maybe this will force employers to start looking at good employees as an asset to be valued and not just expendable parts.
Misleading headline.
Job seekers are those actively seeking work. There are millions that have left the workforce having not been able to find work.
This news means, that for the first time, there is capacity to re-absorb those that have been on the sidelines - those that long since have exceeded their 99 weeks of unemployment insurance.
We have to remain in this mode for a considerable period. If we do, then indeed we will be in a remarkable and historic economic position.
If we can hold down oil prices. . .
It would not surprise me if many of the advertised jobs are just corporate theater, so CEOs and small business owners can claim they need foreign workers and massive legal immigration.
Prior to World War II they trained retards to fly airplanes just to see if it were possible. Almost no one is untrainable.
One thing is certain, we always hear that people have never tried and do not know how great socialism is. I will claim that the truth is that people do not know how great and powerful capitalism is until it is unleashed as President Trump is doing.
Socialism has been tried and proved a failure. Look at Cuba, look at Venezuela. Capitalism has never been unleashed without the interference of socialism that holds back the true bounty of capitalism for all.
Management has been trained by the market conditions over the last 12 years or so, that they can simply go to the street and hire the skills that they need. I am of the opinion that is no longer the case. I believe that it will take a period of time, 6 months to perhaps a year, for managers to “unlearn” the previous years of conditioning.
After that time, the market will start reflecting the scarcity of resources by pushing up wages. At that point, management will start evaluating the cost to train vs the cost to hire.
Ain't no way in hale I'm going back to a regular job.
Retired. No boss. No clock to punch. No deadlines to make. No commute to drive. No special clothes to wear. Do as I please.
Taking care of a 30 acre cattle farm is enough for me. Doesn't feel like a job when you're doing it for yourself.
It doesn’t matter. ANYTHING good is not reported or credit given to Obama.
But they sure feel good about themselves and all the participation trophies they received. To heck with learning something of value.
Exactly
There are thousands of people legally awaiting their turn to enter our country for years. Open the flood gates and see a RED WAVE.
Last thing I want to see is hyper-inflation.
People who are living on a fixed income (especially a small fixed income) will be in big trouble.
I thought they were reporting the opposite of that...
. Buy stocks that offer dividends or corporate bonds.
Five years ago I needed a training certificate from the local community college to get a job as a machinist.
Today, a business similar to where I work had a sign out, “we will train you”!
Makes me wish I could get that $5K back...
time to turn off the EBT welfare cards...
Wrong answer.
Stocks have their place, but are not appropriate for all people at all times.
Time deposits are a legitimate and necessary component of a modern economy and provide liquidity, safety, and peace of mind to people by having an ‘emergency fund’ available.
Econ 101 Mr. Ferrer.
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