Posted on 12/10/2018 9:51:04 AM PST by SeekAndFind
There were 1 million more jobs than unemployed workers in the most recent government count of job openings, according to a Labor Department release Monday.
Total available jobs stood at 7.08 million for October, the second-highest level surpassed only by the 7.3 million in August, the Job Openings and Labor Turnover Survey showed. By comparison, there were just 6.08 million Americans classified as unemployed for the month.
The survey shows a tightening jobs market at a time when questions are arising over the broader economy's strength. Most economists are expecting a global slowdown that could infect the U.S., which is coming off its strongest year since the Great Recession ended in mid-2009.
JOLTS data showed a mostly strong picture for the employment situation.
The amount of openings was more than 1 million higher than the same period a year ago, a 16.8 percent increase. The labor pool, though, continues to shrink, with the current unemployed level down 449,000 from October 2017, a 6.9 percent decline. November saw another decline, to 5.98 million; JOLTS numbers only extend through October.
The number of hires also was robust at just shy of 6 million, coming within 14,000 of the series high set in August. Hires rose 3.4 percent over the previous month and 5.2 percent from the same month a year ago.
(Excerpt) Read more at cnbc.com ...
What unemployment statistics parameter are they using? If it’s the U=6, this info is meaningless.
IMHO....we need more apprentice programs.
Well yeah.
Not too long ago there were lots of laid-off engineers who could not find a job.
Right before thanks giving, my heat pump went out. On a Saturday a very young man came to fix it.
When it was accomplished, I told him I look at him and see the furture. The future looks good.
He did not serve an apprentice ship, he went ot community college and studied HVAC. He also got math and english and writing in the bargin. He is very well educated to do his job which involves a tablet computer. The computer is a reference tool, a communication tool and a billing tool. He develops the invoice and receives payment via credit card.
The system we have here for many such trades beats an apprentice syatem hands down
Someone please tell the stock market. Please.
If you have age and experience, that still continues. I have been turned down many many time for asking for an average salary for a position with well more than what they are asking for requirements wise. If you over 50, forget about it. Every recruiter I know says the same thing...I have dozens like you.
Standard issue during booms, especially in our fast moving tech times. Skills needed aren’t available in the workforce, or, people with those skills are already working at other satisfactory jobs.
It’s hard to keep accelerating our economic growth at this stage. Doesn’t mean a recession is imminent, but there’s always one coming at some point. The rest of the world is failing economically and we can’t run the global engine by ourselves so I expect some slowing soon. Maybe it will work out to be a “Goldilocks” situation. That assumes the FED doesn’t blow it.
As usual, the drill is to observe and react as necessary, like we do with the weather. That which you can’t control, you ameliorate with adjustments.
It’s just me, but if one is over 50 and has experience, a job is the last thing I’d want except as a temporary stepping stone. My own business is what I’d want.
Been doing that since I was 26. Started with $150 bucks and some equipment. I ‘reinvented’ at 60 and 9 years later my “job” is keeping my investments at work producing income.
Yep. There are two different job markets. One for those under 50 and another for those over 50. The job market for those over 50 is practically non existent. These “job openings” stay open unless they can fill them with a millennial. It’s not even about salary amount. That’s been proven to be a false claim many times over. Many of those over 50 would be eager to take a the standard salary for a position.
“What unemployment statistics parameter are they using? If it’s the U=6, this info is meaningless.”
The job openings data come from the JOLTS survey of companies. The unemployment rate comes from the Current Population Survey of households. I’m fairly certain that any mention of the unemployment rate refers to the U-3 (official) definition. But the BLS gives you the ability to choose your most preferred estimate:
https://www.bls.gov/news.release/empsit.t15.htm
How many on welfare? Why can’t they work? What happens when there’s a downturn in the economy and millions get laid off?
There’s more to it than finding bodies to fill a position.
“How many on welfare? Why can’t they work? What happens when there’s a downturn in the economy and millions get laid off?
There’s more to it than finding bodies to fill a position.”
Recall attending youngest’s graduation event.
They were called up by their respective ‘study’..
The largest group was “Communications”
Smallest group was son’s group Ph.Ds....
Afterwards I asked him about ‘communications’ group.. answer was — They have finally learned to read and write..
Yepper, more jobs but must have IQ better than Flori-DUH on a warm day...?
By some estimates, more than 25 million are either out of the workforce or considerably underemployed. The older folks get the worse the numbers become. What a huge loss of resources. 50% of STEM related college graduates never work in the STEM field, and after 10 years less than 25% do....yet this is all we hear, we need more STEM graduates.
What are the number of people receiving unemployment benefits? How many are receiving welfare benefits, food stamps, obama phones, and the many other hand-outs?? As employment numbers increase these numbers should decrease significantly. Are they?
That is exactly what Disney did in Orlando when they forced 2000 American tech workers out only to replace them with imported talent. Same for most of the Big Tech companies.
Bunk. Just ‘Cheap Labor Express’ propaganda. Wages are going up slightly. If there were a true labor shortage wages would be going up faster than inflation. They barely keep up.
The stock market is globalist gambling casino and has nothing to do with the health of the US economy, US GDP growth, US worker unemployment or prosperity in the USA in general.
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