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"There were a record 5.788 million job openings in the US in April, according to the latest Job Openings and Labor Turnover Survey (JOLTS).
Economists had forecast that there were 5.675 million job openings during that month, according to Bloomberg. The number of openings in March was revised down to 5.670 million from 5.757 million.
Hiring slowed, as the total number of hires fell slightly to 5.1 million and the rate [rate of what?] edged down to 3.5% from 3.7%."
So .... 5.675 million jobs available and 5.1 million people hired? Is a half-million job openings going unfilled in a month a huge deal?
Or am I reading that wrong?
I'm not "in" financial circles, so forgive me if "the rate" is some rate that I should know the meaning of.
Since January, America has lost 6,000 full time persons employed - but gained 566,000 part time jobs.
Since January, America has lost 6,000 full time persons employed - but gained 566,000 part time jobs.
Table A-9. Selected employment indicators
It's pretty obvious that the quality of jobs being created since January are lousy.
Job openings rise to a record high - AOL
I found this interesting. While hiring was a bit slow the last couple months there are actually a record number of Job openings available in the United States right now. The problem in this country seems to be not so much that there are no jobs, but that the jobs aren't a good fit for the people that are looking for them. Either because they don't pay enough, or because the workers aren't qualified. I guess I'd like to see a better break down of this information to see what else might be causing that.
Job openings rise to a record high - AOL
I found this interesting. While hiring was a bit slow the last couple months there are actually a record number of Job openings available in the United States right now. The problem in this country seems to be not so much that there are no jobs, but that the jobs aren't a good fit for the people that are looking for them. Either because they don't pay enough, or because the workers aren't qualified. I guess I'd like to see a better break down of this information to see what else might be causing that.
Can you say, "Obama has destroyed the better paying jobs with his liberal anti-business policies so that only lower paying part time jobs are the only ones being created"?
Can you say, "Obama has destroyed the better paying jobs with his liberal anti-business policies so that only lower paying part time jobs are the only ones being created"?
Job openings rise to a record high - AOL
I found this interesting. While hiring was a bit slow the last couple months there are actually a record number of Job openings available in the United States right now. The problem in this country seems to be not so much that there are no jobs, but that the jobs aren't a good fit for the people that are looking for them. Either because they don't pay enough, or because the workers aren't qualified. I guess I'd like to see a better break down of this information to see what else might be causing that.
Actually it seems to be more likely here that the jobs are TOO good and TOO high paying such there aren't enough skilled workers to take them. If it was only lower paying jobs that they can't find people for then raising the minimum wage to entice people would be a good choice.
Then you would have less jobs to be open. We could also reduce welfare to make work more necessary. After all, 38% of the country is choosing not to work.
All those damn college losers and retired idiots!! We should FORCE them to work and boost the economy!!
more jobs available?
it's probably that Muslim Obama's fault
Our economic situation is the direct result of Obamas policies and his endless regulations. It is not good, and the new jobs are low paying and part time.
Not force to work, but rather stop taking from those who do, helping them not to. Also, most non workers are 24-54, not retired.
stop taking from those who do, helping them not to.
38% of the country is choosing not to work.
the new jobs are low paying and part time.
Taking what from whom?
>>most non workers are 24-54, not retired.
There are 3.87 million unemployed 25-54, and 23.6 not in the labor force, a total of 27.47 million. (source)
The total civilian noninstitutional population is 253.2 million, and the civilian labor force is 158.5 million, leaving 94.7 million not in the labor force. (source)
So 29% of "non-workers" are 25-54, which looks to me like less than "most." And how do you know whether or not some of those are retired?
We all know about the endless RW efforts to talk down the economy, and one that's been spread around in recent months is something described as "a report from the Republican side of the Senate Budget Committee." I cannot find it anywhere online, which seems curious, but it got puked up by the lying, RW media hate machine on Sept 26, 2014 when an article discussing it appeared in the Weakly Low Standard noting that "one in four Americans 25-54 is not working."
There are 97.9 million Americans 25-54 (source), and 27.47 million of them are not working, so the percentage is actually 28%. But how many of the 23.6 million not in the labor force say they want a job? 858K, or 3.6%. There were 751K in Q1 2006 at the height of the housing bubble, which was 0.5% of the labor force. Last month's total is … 0.5%.
View attachment 67203563
To summarize, the 25-54 cohort is having no more trouble finding work now than they were ten years ago when we were headed for the cliff.
Yes, and to play this broken record one more time, the great majority — 94% … don't want a job. (source)
From #10:
In Mar 2010, employment in professional and business services was 16.5 million, and it's now expanded to 20.1 million, a 22% increase. Overall private sector employment is up from 107.4 million to 121.8 million, a 13.4% increase.
So those on-average higher-paying jobs have been substantially overrepresented in the employment gains achieved over the past six years. One in four of the new jobs added during that period are in business and professional services.
In 2015, there were 870K workers paid the MW, and 1.7 million paid less than that. In 2010, there were 1.8 million paid MW, and 2.5 million paid less. So the number of very-low-wage employees fell by forty percent over that period.
On the question of part-time vs. full-time employment, FT is up 12.6 million since Dec 2009, while PT is up 457K. So ninety-six percent of the jobs added over that period are full-time.
You can find those numbers easier than businesses can hire, and you know it.
Source?
How about a source and some analysis on the 38%, too.
In 2014, 87.4 million people 16 years and older neither worked nor looked for work at any time during the year. (See table 1.) Of this group, 38.5 million people reported retirement as the main reason for not working. About 16.3 million people were ill or had a disability, and 16.0 million were attending school. Another 13.5 million people cited home responsibilities as the main reason for not working in 2014, and 3.1 million individuals gave “other reasons.”
More jobs does not equate to Quality jobs, it is not a good thing if someone has to work 2 jobs to get enough money to pay the bills.Job openings rise to a record high - AOL
I found this interesting. While hiring was a bit slow the last couple months there are actually a record number of Job openings available in the United States right now. The problem in this country seems to be not so much that there are no jobs, but that the jobs aren't a good fit for the people that are looking for them. Either because they don't pay enough, or because the workers aren't qualified. I guess I'd like to see a better break down of this information to see what else might be causing that.
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