Title : There are more jobs than people out of work, something the American economy has never experienced before
link : There are more jobs than people out of work, something the American economy has never experienced before
There are more jobs than people out of work, something the American economy has never experienced before
From CNBC:
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 Tuesday, 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. "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."ESPECIALLY SINCE THE MOOD OF THE COUNTRY
HAS SHIFTED AGAINST
THE GOVERNMENT-MEDIA/ACADEMIA COMPLEX'S SUPPORT OF FILLING AMERICAN JOBS
WITH ILLEGAL IMMIGRANTS
FROM THIRD WORLD NATIONS.
BUILD THE FUCKING WALL!
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