Skip to comments.With So Many Job Openings, Why So Little Hiring?
Posted on 08/14/2013 6:37:24 AM PDT by SeekAndFind
An odd puzzle is taking shape in the labor market: Over the past three years, the number of job openings has risen almost 50 percent, but actual hiring has gone up by less than 5 percent. Companies are advertising a lot more jobs, in other words, but not filling them.
To get some sense of how significant this is, consider that if, since June 2010, hiring had risen a third as much as advertised jobs have (rather than only a 10th), and nothing else were different, job creation would be roughly 500,000 higher each month, and the unemployment rate would already be back to normal levels.
So what explains the yawning gap between jobs open and jobs filled?
One possibility is that there is a mismatch between the work that companies need done and the skills that workers have. As Peter Newland of Barclays Plc has said, We believe that this divergence between openings and hiring is consistent with our view that some of the loss of employment during the recession was structural, rather than purely cyclical, in nature.
Such a structural mismatch may well explain part of the gap, yet it seems unlikely that it explains most of it. After all, job openings in the retail trade have doubled over the past three years, while hiring has been flat. Is it really plausible that we lack qualified workers for these jobs?
(Excerpt) Read more at washingtonmonthly.com ...
Who is going to give up full-time TANF, SNAP, WICs, EITC, Section 8, et al (TAX FREE) for a piddling part time job?
That article was about as content-less as could be done without simply printing nothing at all. After finishing it and wondering just which one of the many questions I wanted to ask...I noted that the author was associated with the Obamadork Felon/Cretin group and quite probably had never taken a university course requiring any intellectual rigor.
Ah, no reason to ask questions. There would be no rational answer.
Who’s going to give up $45,000 to $65,000 in Federal Subsidies for a lousy part-time Retail job?
Because these conceited kids coming out of college are not willing to start at the bottom and work their way up, like my generation had to do.
They want to immediately afford their new apartments, beemers, all their iGadgets, on top of their already high student loan debt.
They post the openings so they can go and whine to Congress about letting in more H1-Bs because they can’t find any “qualified” candidates.
That was my thought, too. The article ended up saying absolutely nothing.
The lifestyle of not working is better than working, considering:
Section 8 Housing
Impregnating the next generation of Baby Mommas
Who’d want to work? It’s so much ..... WORK!
I think they are taking advantage of the job market situation. I saw an ad for a power Electrical Engineer where the company wanted an Engineer with an MS in EE . Come on, let’s get real.
In one word: Discouragement.
The gospel is the answer. And with God putting the squeeze on America, it might WELL see a revival.
Well, there are such levels in power EE and it might even make sense to need one.
I had two openings for mid level developers and ended up recalling a previous employee after interviewing about 6-7 candidates. Every person (all were under 30) I interviewed had some marketable skills but during the interviews I caught things that made me lose interest.
One showed up in shorts and a t-shirt.
They said things like, “I don’t like management breathing down my neck”, “my last boss sucked”, “can I work from home most of the time I like to set my own hours”, “I like to be handed a general idea and left alone with no meetings or other people bothering me”, and “if I come to the office do I have to wear business clothes”. Some had accents so think just flat could not understand them.
I won’t even get into what they thought they were to be compensated for as a 2-5 year experienced developer.
What does a hiring manager do when there are no jobs? He interviews for jobs that aren’t actually available, justifying his continued employment by stating that ‘in case an opening comes available, or we have a temporary need to increase personnel, I’ve got a stable of people ready to go.’
For quite a while there, I’d have to let the interview process go quite a ways before I had to ask: Are you hiring immediately, or is this for a position opening up later... Almost every interview I went to, it was for a position yet to be available.
This is where the proliferation of masters programs in human resource management screwed the american job market. These jerks either intentionally over state the qualifications to something no person has as anexcuse to import an H1B iindentured servant or they do foolish things disqualifying any applicant that doesn’t already have a job.
A list of the current part-time openings on craigslist is always informative. A few weeks ago I offered commentary on each entry and found that a guy off the street — and I mean somebody like me, with job experience, who can read cursive and do a little math now and then — qualifies for maybe three or four out of a hundred.
Any talk of recent college graduates thinking they’re too good for an entry-level clerk job at the mall is not informed by the facts: most of those jobs, which used to be something you could indeed just walk into, require experience now, simply because the economy is so bad that these stores can pick and choose first from unemployed people with experience before they need to lower themselves to considering people that they’d have to spend a damn dollar on training.
The answer is simple: They are looking for the perfect candidate. Thing is, the “perfect” candidate does not exist.
Other reason is HR.
HR is staffed to the gills with bims that never worked a real job, don’t understand job requirements, can’t recognize transferable skills, use software that is spotty (at best) when it comes to pre-screening candidates.
I’ve seen all of this when employed with a major contractor.
-—When I was retiring from the Air Force, I had a 20-something HR bim tell me I had “no major corporate experience” (Really? The USAF at that time had around 600,000 people in it), that while I was a retiring officer I had no leadership experience because I ordered people to do things.
Propaganda from a former Obama official. He is pushing the importation of more cheap, foreign labor. There are 100 million Americans of working age (16-64) not in the workforce. We have a surplus of labor, which is driving down wages. Given government benefits, it is not worth going to work in these jobs. And most of the jobs created are part time.
RE: He interviews for jobs that arent actually available, justifying his continued employment by stating that in case an opening comes available, or we have a temporary need to increase personnel, Ive got a stable of people ready to go.
TRANSLATION: There aren’t really any jobs to begin with. So what’s with the premise of the title : “With so many job openings...”?
A high school classmate of my daughter graduated from Carnegie Mellon, one of the best IT programs in the country, with great grades. His foreign classmates were getting multiple offers from firms in the Pittsburgh area. He could only get one from the opposite end of the state in the Allentown area.
Not cool, considering his wife was employed in the Pittsburgh area, that's where they had family and that's where they wanted to stay. For three years or so, he commuted to Allentown and came home weekends.
Then someone attended a seminar at a swank hotel not far from CMU, secretly recorded it and posted it on You-Tube. The title of the seminar (I kid you not) was "How Not to Hire an American." Between the timing of an H1-B bill up for renewal and the embarrassment caused by the viral video clip, one of the IT companies in the Pittsburgh area finally hired the young man.
There are hundreds, maybe even thousands, more qualified IT people who haven't been so lucky, especially the over 45 set.