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American Job Openings Now Outnumber the Jobless

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  • American Job Openings Now Outnumber the Jobless

    American Job Openings Now Outnumber the Joblessox

    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.
    The first to state his case seems right until another comes and cross-examines him.

  • #2
    That's good news, and I hope the unemployment rate continues to drop as it has done steadily for the past 8 years or so. Hopefully wages for workers will begin to increase as a result of demand outstripping supply.

    I'll note though that number of job openings > number of unemployed people doesn't at all mean that all unemployed people are able to get a job, because most of those advertised jobs will be applied for and filled from people who are currently in the workforce and who are changing jobs (and then the jobs they leave will later get advertised and then filled by still others currently in the workforce and the cycle continues with the currently unemployed people still being unemployed at the end of the day despite lots of job openings being advertised). A more interesting statistic I think would be "how many applicants does the average job advertisement receive?" If the answer is less than one, that indicates demand for workers is far outstripping supply, but if every job opening has 30 or more applications on average then that indicates supply of workers is still outstripping demand.

    I also worry that maybe we're getting close to another recession. Republicans seem to be enthusiastically dismantling a lot of the measures put in place after the 2008 crash that were designed to prevent repeats of it. When you take the financial police away, the criminal banks will play. It would be nice to see the Republicans actually be tough on crime where it matters - i.e. get tough on the criminals in the financial sector, rather than being nasty to the children of asylum seekers.
    "I hate him passionately", he's "a demonic force" - Tucker Carlson, in private, on Donald Trump
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    • #3
      News: "The economy is doing great! Wages are up! Unemployment is down! Job openings outnumber the jobless!"

      Liberals: "This sounds like good news, but it's really bad news."

      Some may call me foolish, and some may call me odd
      But I'd rather be a fool in the eyes of man
      Than a fool in the eyes of God


      From "Fools Gold" by Petra

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      • #4
        Originally posted by Mountain Man View Post
        News: "The economy is doing great! Wages are up! Unemployment is down! Job openings outnumber the jobless!"

        Liberals: "This sounds like good news, but it's really bad news."

        It's all Obama - he set everything up for Hillary, but she didn't get elected.
        The first to state his case seems right until another comes and cross-examines him.

        Comment


        • #5
          The number of available jobs doesn't matter as much as the quality and location of the available jobs.

          Comment


          • #6
            Originally posted by Psychic Missile View Post
            The number of available jobs doesn't matter as much as the quality and location of the available jobs.
            Beggers can't be choosers. You take an available job while you're looking for the better job. I don't understand why that's such a difficult concept.
            The first to state his case seems right until another comes and cross-examines him.

            Comment


            • #7
              Originally posted by Cow Poke View Post
              Beggers can't be choosers. You take an available job while you're looking for the better job. I don't understand why that's such a difficult concept.
              But then he would have to work. Much better if the goobermint pays you to sit at home and watch tv, right?

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              • #8
                Originally posted by Sparko View Post
                But then he would have to work. Much better if the goobermint pays you to sit at home and watch tv, right?
                A classic example of the perfect being an enemy of the good.
                The first to state his case seems right until another comes and cross-examines him.

                Comment


                • #9
                  Originally posted by Cow Poke View Post
                  Beggers can't be choosers. You take an available job while you're looking for the better job. I don't understand why that's such a difficult concept.
                  You're assuming it's possible for the unemployed to get these new jobs.

                  Comment


                  • #10
                    Originally posted by Psychic Missile View Post
                    You're assuming it's possible for the unemployed to get these new jobs.
                    I know for a fact that a lot of them do, because I work in that arena. No 'assuming' about it. We handle 15-25 unemployed in job training twice a year, and over 85% are fully employed after the 8 week course. It's actually MUCH easier now to help them find jobs than it was when we started this 6 years ago.
                    The first to state his case seems right until another comes and cross-examines him.

                    Comment


                    • #11
                      Originally posted by Cow Poke View Post
                      Beggers can't be choosers. You take an available job while you're looking for the better job. I don't understand why that's such a difficult concept.
                      Too many people today think that they are owed a high paying job the moment they leave school and refuse to accept anything "beneath" them so they end up living in their parent's basements and saying stupid things like they don't consider themselves an adult until they're 30.

                      And in my parent's generation moving half way across country for a job was pretty darn common and a move like that was a lot tougher back then than it is today.

                      I'm always still in trouble again

                      "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
                      "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
                      "Of course, human life begins at fertilization that’s not the argument." --Tassman

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                      • #12
                        My first job was working at a KFC frying chicken and now I am the owner of the Internet!

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                        • #13
                          My first job was stacking shelves in a supermarket and now I run the universe.

                          Don't worry Sparko, not everyone is a winner. Even us universe owners need 'internet people'

                          Comment


                          • #14
                            Originally posted by Cow Poke View Post
                            I know for a fact that a lot of them do, because I work in that arena. No 'assuming' about it. We handle 15-25 unemployed in job training twice a year, and over 85% are fully employed after the 8 week course. It's actually MUCH easier now to help them find jobs than it was when we started this 6 years ago.
                            I don't think it's correct to see a statistic like "more jobs than jobless" and assume the jobs are attainable by the jobless or are able to support them, but if your experience is indicative of the wider surplus, it's good news.

                            Comment


                            • #15
                              Originally posted by EvoUK View Post
                              My first job was stacking shelves in a supermarket and now I run the universe.

                              Don't worry Sparko, not everyone is a winner. Even us universe owners need 'internet people'
                              That's OK, I used the internet to create my own universes. I just hired you to run one of them.

                              Comment

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