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How could this be bad news.
Topic Started: Jun 6 2018, 01:50 PM (63 Views)
Banandangees
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American Job Openings Now Outnumber the Jobless
U.S. job openings rose to 6.7 million at the end of April, compared with the 6.3 million Americans who were unemployed
6/6/18 wsj


The U.S. had more job openings this spring than unemployed Americans.

For the first time since such record-keeping began in 2000, the number of available positions exceeded the number of job seekers, the Labor Department said Tuesday, a shift that is rippling across the economy and affecting the behavior of employers and workers.

U.S. job openings rose to a seasonally adjusted 6.7 million at the end of April, a record high, and more than the 6.3 million Americans who were unemployed during the month. Openings had exceeded the available labor pool beginning in March, according to revised figures released Tuesday.

The figures are the latest sign the U.S. is facing a historically tight labor market. The jobless rate ticked down further in May to a seasonally adjusted 3.8%, the lowest since April 2000, the Labor Department said last week. The last time the rate was lower was in 1969, when young men were being drafted into the Vietnam War.

“When the unemployment rate is this low, you’re really competing for workers who already have jobs.”

This is a very tight labor market,” said Adam Kamins, a senior economist at Moody’s Analytics. “Most everyone who wants a job has one.”

For workers, that’s good news. On the other hand, a tighter labor market presents several challenges to businesses. If they can’t find workers to meet the demand for their products, they can’t help the economy grow. They may instead opt to close the restaurant early or not run a third shift at the factory.

Firms may need to pay more to attract workers, and some already are. That raises costs and would cut profit margins if higher prices can’t be passed on to customers. If prices are raised, that stokes stronger inflation, which already has been accelerating in recent months.
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Jim Miller
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Bad news for the lefty loonies. Good job, President Trump!
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icy-woman
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When I started my first full time job, I was making somewhere around 3.70 an hour. I'm not working for that amount today. You have to consider gas was less than a dollar a gallon, as was a pound of ground chuck to go into a pot of chili. In the mid 80s, going out to eat at an all u can eat place, according to the Fat Boys was 3.99 ...

. https://www.youtube.com/watch?v=R3caXgI2_cs

The cost of living is way more but the pay is the same or less.

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Thumper
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Yea for the Trumpmiester.
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Banandangees
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icy-woman
Jun 6 2018, 08:39 PM
When I started my first full time job, I was making somewhere around 3.70 an hour. I'm not working for that amount today. You have to consider gas was less than a dollar a gallon, as was a pound of ground chuck to go into a pot of chili. In the mid 80s, going out to eat at an all u can eat place, according to the Fat Boys was 3.99 ...

. https://www.youtube.com/watch?v=R3caXgI2_cs

The cost of living is way more but the pay is the same or less.


You and I could have been born in Zimbabwe. Lucky for us, right?
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Pat
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There is a group of republican donors demanding that the House pass a amnesty and immigration reform bill. Trump's policies have ended decades of slave labor from foreign countries that pad these greedy bastards wallets. Wage have gone up more than anytime since 2005. Seattle has a $15 minimum wage and other cities are in the process of following suit. The labor shortage has forced employers used to getting labor for almost nothing, into competing for workers and offering more wages. Trump's policies have done more for the plight of American workers in two years than the democrat leaders ever have. And then we have the tax cut...
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Berton
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I love winning!!!

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Thumper
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Berton
Jun 6 2018, 10:55 PM
I love winning!!!

Yep. In your eye liberals.
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Jim Miller
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(chuckle)
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