Posted on 05/08/2018 8:01:54 AM PDT by SeekAndFind
Job openings hit a fresh record in March, further defying opinion that the labor market is tightening and near full.
The level hit 6.6 million, according to the Job Openings and Labor Turnover Survey released Tuesday that, even though lagging a month, is closely watched for signs of market slack. Job openings in total rose by 472,000 over February.
Openings jumped in professional and business services, which added 112,000 positions, as well as construction, with 68,000 and transportation, warehousing and utilities, which reported 37,000 new positions.
The openings happened during a month when nonfarm payroll hiring grew by 135,000, according to the Bureau of Labor Statistics, which releases both the monthly jobs report and the JOLTS survey.
Quits, an important indicator for whether workers feel comfortable leaving old jobs for new ones, rose to 3.34 million, up 136,000 from the February level. Gains were spread across geographic regions, with the South reporting 1.41 million.
Hires actually edged lower, to 5.42 million from 5.51 million.
(Excerpt) Read more at cnbc.com ...
You didn’t build that!
The graduates in power engineering and marine engineering from the Maine Maritime Academy are getting good offers.
The students who majored in International Business and Logistics (emphasis on logistics and supply chain management) are getting two and three offers. Many of our students had interviews and offers after our career fair in October even though graduation was not until May 5th.
No one could possibly list all the lies. Way too many.
Basically every business in a 4 county bay area has signs begging for help.
My wife and I, who are rapidly heading towards our 8th decades, get asked this question?
Would you or your friends like to work part time for us?
Do you have any grand kids, younger relatives or neighbors who would like to work for us?
The regular employees have gotten raises and bonuses in most places.
Across the nation, younger relatives in management from the first level to top levels have received raises, bonuses and more time off to keep them happy.
A neighbor was promoted to the home office, in Seattle. He tried living there a couple of months and hated it.
They told him he had to live in Seattle.
So he contacted his previous company. They offered him more money and said that he could work out of his home.
He showed the offer to his current company. They beat the salary offer, time off and bonus. Then, they told him that he could work out of his home.
He and his English Bull dog are back walking up and down our street 3 times a day. Both are happy to be back.
Waiting for wages to surge. Still waiting.
Thanks SeekAndFind.
I’ve made the point, in discussions about this genuine economic recover, that a new President wouldn’t need to be superhuman to achieve a economic rebound. After 8 years of the previous leader deliberately trying to destroy our economy, just passing legislation and regulations that are business friendly would go a long way.
Business naturally want to do lots of business and be in a thriving economy to make lots of money.
Being a smart business man with the courage to do that and one who can be counted on to keep doing it helps enormously. Companies that have been waiting 8 years for the water to be fine can’t wait to dive in.
In the US it is usually considered unemployment of under 4% because there is always about 4% of the economy who are eiter unemployable (the deranged, the druggies etc) or in the process of changing jobs.
In the US it is usually considered unemployment of under 4%...
What you're describing is what economists call Full Employment.
A labor market can be tight, with a shortage of qualified workers, or it can have a lot of slack, with plenty of available labor, but I don't know what "full" would mean.
Either way, the article's premise was that unfilled job openings defied the notion of a full labor market.
I think it's just a case of incoherent business writing.
BTW, please pardon my pedantry.
You are right. It is incoherent as written.
The term I was mis remembering was “full employment” The author seems to have mangled the concept into a made up term.
“BTW, please pardon my pedantry.”
Not at all. Thank you. Precision is important.
Obunghole: What’s he going to do, wave a magic wand?
Trump: Abracadabra.
concur on all points
“Sadly all the trade openings are going unfilled because for a generation we dissuaded our youth from getting mechanical trade educations in exchange for degrees in social justice fields”
the law of unintended consequence is making its presence known.
Capitalism is the greatest wealth creating system ever created, if you stand back and let it work.
These fools can’t get anything past the Freepers who expose their ignorance every day.
Thanks (though I spotted the mistake/misconception, others might not have).
We should fast track skilled legal applicants for citizenship and/or entry into the country. If you have a trade “come on in”. Eastern Europe is a good source. Most of my house renovation was done by Poles.
Businesses should help by recruiting skilled labor by guaranteeing employment as was done in the 19th century.
Hopefully those kids are on the path that leads off The Plantation.
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