There Are More Jobs Than People Out of Work, Something the American Economy Has Never Experienced Before (cnbc.com) 689
The jobs market has reached what should be some kind of inflection point: there are now more openings than there are workers. From a report: 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 this week, 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. Further reading: Why Nebraska has an amazing jobs market but nobody is moving there.
Ok (Score:5, Interesting)
Re:Ok (Score:4, Interesting)
And why are there (more than ever) unhoused people living in the streets which society has decided to take a giant dump on? Seattle which has a hot tech job market is befuddled with a growing number of unhoused jobless people living in tents on the sidewalks. Amazing.
Re: Ok (Score:5, Insightful)
Most homeless people have mental health issues.
We don't do much for them.
They probably wouldn't handle doing software development well.
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I had two schizophrenic friends, one, that uses drugs (mostly marijuana) is chronically homeless. The one that stayed clean was a co-worker at Microsoft (sadly died suddenly from a heart problem).
Anecdotal.
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That's dissociative identity disorder. Schizophrenics will hear voices or see hallucinations - it's an issue with properly processing signal vs. noise.
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Those are not mental health issues. (Score:3)
Those are genetic dispositions and socializations. If I'm trying to fix a full stack web Problem every day all day for months or years in a row it will have an impact on my emotional and mental composition. ADHDs are hunters and gatherers in a settler and farmer world.
I've enrolled in college recently and have a Projekt group made up of me (48, senior developer) and three 19 year old nerdboys. And I mean total all out over the top excess nerds. These guys couldn't care less about their appearance or habitus
Re:Ok (Score:5, Interesting)
And why are there (more than ever) unhoused people living in the streets which society has decided to take a giant dump on? Seattle which has a hot tech job market is befuddled with a growing number of unhoused jobless people living in tents on the sidewalks. Amazing.
The unemployed usually go where the jobs are, ridiculously increasing the unemployment and homeless numbers for that particular area. Some come hoping to find a toehold to a career, others come for any sort of employment, even in the secondary job market. But even the qualified might not get hired for whatever reason (gender, race, HR rules and regulations, history, etc.) Not to mention, some homeless have jobs, but just can't afford Seattle's high rent.
It wouldn't surprise me if some of the homeless are anarchic Utopians wanting to create a practical social/economic/ecological alternative to 'authoritarian' representative democracy. Like Europe's Autonomism movement or France's Collectif la vieille Valette.
https://en.wikipedia.org/wiki/Autonomism [wikipedia.org]
https://translate.google.com/translate?hl=en&sl=fr&u=http://laboratoireurbanismeinsurrectionnel.blogspot.com/2015/10/france-magnifique-vieille-valette.html&prev=search [google.com]
https://translate.google.com/translate?hl=en&sl=fr&u=http://www.passerelleco.info/article.php%3Fid_article%3D527&prev=search [google.com]
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1) Skills mismatch: employers can't find personnel with the skill-set they need. I don't work in the tech sector so I won't comment on the HB1 visa debacle, but I know this is a big issue in construction and civil infrastructure sectors.
2)Regional mismatch: the jobs are in places where people aren't.
As for Seattle, I'd guess that most of the street people don't have the necessary skills to work in the tech sector. That said, feel free to donate your time and energy to teach a few of
Re: Ok (Score:5, Insightful)
Or was unemployable for other reasons such as no way to keep up on personal hygiene due to being homeless or perhaps he got busted many years ago for having a joint.
As others mentioned, there's also mental illness, coffee shop probably doesn't want to hire a mumbler or someone who can't help but curse customers.
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I've owned businesses. Landscaping and printing.
I tried to hire homeless people. I've gone to the guys holding the signs and said"hey...I have work for you...help me mow lawns for the day $12/hr. And I'll buy you breakfast and lunch."
I did this a LOT. I did not care about appearance, criminal record, etc. They didn't need to plan ahead or meet me later. I offered immediate food, etc. Etc.
Over the course of a year I had ONE person take me up on it. He was a good guy, worked with me for like 2 weeks before he disappeared.
Whenever people talk about all of the hurdles for these people to get jobs, I know that when I took away every single hurdle...they said "no".
In my experience these people are on the street because they prefer it to the other options. Not because they don't have other options.
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Also wages are not rising. A healthy job market the wages should be jumping up a lot. But are at best medicore increases
The tax cuts are doing more to harm economic growth as the money corporations got are going to shareholders and not bieng used to expand and growth.
Re: Ok (Score:5, Informative)
Bullshit, homeless in Seattle because hiring is in fact abysmal. Amazon and Microsoft still advertise jobs as required by law before they hire H1B. Those job listings aren't meant to be filled, stop spreading lies about "healthy" job market.
I don't usually reply to godless lying Russian trolls, but I'm in Seattle and seeing lots of what is going on. Hiring is great in Seattle. Walk down the street and most places have help wanted signs up in the windows. Problem is that those jobs probably won't pay rent on anyplace within ten miles of downtown Seattle. As for professional jobs, we were in the market to hire somebody (because our groups people keep getting recruited for other places by their friends) and in the time that it took to post the job, collect resumes, and interview, we ended up with out fourth choice because the first three were employed someplace else before we could offer them the job.
Most of the people that are homeless in Seattle are that way because they are living paycheck to paycheck and getting forced out of their houses and apartments by raising rates without first and last to get a new place at the drop of a hat. Housing is going up 10% a year for the past twenty years. The old, cheap places are being torn down to make new expensive places. Apartment complexes are literally doubling the rent from one month to the next to force everybody out so they can remodel and charge more. This happened to one couple I know three times in the same year. Several friends, despite good jobs find themselves having to sometimes stay with friends or family till they can find a new place to live as not too many people can handle their rent doubling long term. Those without a nest egg, friends, or family will find themselves out in the street, and according to the newspapers looking into the issue, that is what is going on in Seattle.
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Shut the hell up with bullshit like that. Slavery is not the same as people choosing to be lazy and want handouts , be afflicted with an untreated mental condition that affects their ability to be productive.
Just stop. They're not the same.
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When exactly did they get shut down? I heard a lot of talk about it but haven't seen anything about real changes. Got a link?
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there are jobs, but not well paying jobs. i think it has to do with all the profits the corporations are not making...
o wait
http://fortune.com/2017/12/07/... [fortune.com]
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If they provide coffee at all.
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There are places that don't provide coffee? Aw, hell no. Places I have work if the coffee maker is down you are looking at a riot.
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Dude, seriously, jump ship.
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coffee? $2 a day covers a person with coffee
I prefer drinking it, but each to their own.
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Mine does not, and it has 100k employees. Hell, I don’t even have dental insurance.
They are stupid for not doing so. If people are willing to take legal stimulants, I (as the boss) am happy to facilitate that.
If adderall was OTC I would have a big bowl full of them in the break room.
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Probably because a great deal of millennial's have this entitlement mentality
What a load of garbage. How does this have a score of 4.
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If that were the breaking point, then employers should just fucking offer espressos. It's far cheaper than a raise would be.
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"I demand to work normal working hours under sane conditions for a wage that doesn't require me to find 2 more jobs just so I can pay the fucking rent."
"YOU ENTITLED BRAT!"
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I'm fucking sick of seeing useless boomers, who got a helping hand from the government at every step of their privileged lives of luxury and ease, rant about the greatness of hard work and how millenials just don'try try as hard as they did.
Your generation is the one that sold off the productive economy and pulled the ladder up after you, the first generation in a long, long time to give their children less - and even now you continue to try and siphon off wealth from the people who are forced to clean up your mess.
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Sorry hoss, I'm not a baby boomer. But in a way your are correct, baby boomers are largely responsible for most if not all of this countries problems.
The only thing my generation has been is stuck with trying to clean up the mess boomers have left us.
Bullshit. (Score:3)
I graduated HS under Regan; the guy who started the whole "War on Drugs" while importing Cocaine for money for weapons for Iran.
They MADE the entire Drug war, which we know now was a war on the poorer classes.
Hell it wasn't a problem until little White Girls started fucking Black men for Cocaine, then it was a Scourge.
We are still living that lie, as a country.
This is just the latest round.
Re:Ok (Score:5, Insightful)
If by entitled, you mean entitled to a job after paying a fortune for college, then you're probably right. That's how most if not all of them were raised, because it actually worked for their parents.
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But who's fault is that? How many of these degree's are for markets that is already saturated? They don't find jobs in these areas because they are none. But what there is, is plenty of jobs in blue collar areas. The country needs plumbers, and welders, there are plenty of jobs there. But so many millennials think these jobs are beneath them.
Sneers from an Old Economy Steve (Score:5, Insightful)
First, millennials are sneered at if they want a living wage without having a degree. Have to better yourselves to be employed, doncha know.
Next, millennials are sneered at for not being clairvoyant to pick the exact degree that will be in demand when they graduate (You Are Here).
Finally, don't forget to sneer at those millennials for "taking on student loans they couldn't afford".
Re:Ok (Score:5, Informative)
Balancing a checkbook is easy but nobody under 40 does it anymore because it's pointless. The vast majority of transactions these days are digital and the balance of your account is available with a few clicks on your phone. Most millennials will only write a handful of checks in their lives. Gen Z will probably kill them for good.
No! This is the most stupidest thing I've read today. Yes, I realize I'm reading and posting to a 0 score but this thinking has to be corrected.
Balancing your checkbook is basic accounting 101. You don't use it just to keep track of how much money you spend. You use to make sure the bank hasn't committed a error on your statement, or that someone isn't stealing money from your account. Never trust what the bank tells you.
Not all transactions show up on a digital statement right away. Digital transactions first show up as a pending entry in your statement. Those are entries that have not cleared. Those pending transactions can vanish off your account in a few days only to come back as a cleared statement.
Checks on the other hand do not show up on your digital statement till they are cashed. For this to happen you are at the mercy of the person holding the check. They could hold that check for a few days or in some cases a few months.
You must keep track of your own money. Do not rely on the bank to do this.
Re:Ok (Score:4)
I had a corrupt bank manager that would hold on to the checks I was writing. Then instead of cashing them in the order they came in. She would shuffle them around so some of the would get a NSF charge against them Of which she was getting a bonus for.
She was doing this for several accounts, got busted, and I think was arrested. I got all my money back for the fees but my point still stand. Do not blindly trust a bank.
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According to a former co-worker/software developer who used to work for a bank they would process checks from largest to smallest which of course would have the effect of bouncing as many checks as possible should a customer have insufficient funds to cover all of them.
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We'lls Fuckyo and Blood of Apartheid did this to thousands of customers for years, and got away with it. I have literally had it done to me by both of them.
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The name of the bank was Colonial and they are out of business now.
I think you missed what was happening. I did have the funds to cover the checks. She was doing some shit with the ledger to make it look like I didn't. She was stealing money.
Let me see if I can explain this better. I would sit down at the first of the month with my bills and make out checks for them. Naturally, I would date them the day I made them out. Then I would keep the bills and the checks together on my desk till I had the
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So why are headhunters still calling me up and trying to lowball me on software developer contracts? With H1B Visas getting shut down, they should be especially short on software engineers, shouldn't they?
Just because a job is open, doesn't mean it's either
A) A good job
B) A job that's offering pay commensurate with experience,,
Nobody but the truly desperate would even bother applying for jobs like these.
That and of course the mandatory drug tests.... /s
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Many companies, in Europe, use job offerings as a kind of "advertizement". In other words: there is no such job, no idea if that also happens in the US:
Re:Ok (Score:4, Interesting)
Many companies, in Europe, use job offerings as a kind of "advertizement". In other words: there is no such job, no idea if that also happens in the US
Speaking as someone who recently had to look for work, I can assure you that this is very much the case in the U.S. as well. Very, very few advertised positions represent actual jobs. The vast majority of them fall into one of these categories:
1) Job recruiter bait (no actual job, just a fake ad for a job recruiter basically)
2) A job that they already have someone in mind for, but have to advertise for legal reasons
3) A job with the unstated hidden requirement "must be a woman or minority"
4) A continuous fake job ad that's just intended to solicit resumes to add to the pile
5) A job that is posted with ridiculous qualification requirements or a terrible salary, just so the company can claim they can't find anyone to fill it when they apply for an H1B hiring permit.
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Same reason they keep calling me. You are good at what you do and they only want to hire the best.
Or maybe they are just fishing around for a sucker.
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During my career, I got a lot of calls offering a position and then asking if I knew anyone who was available.
My answer was that all the good people I knew already had jobs.
The callers were, indeed, low-ballers.
Re:Ok (Score:5, Insightful)
Correct, they lowball you just so they can prove that they can't find anyone to fill the position before (ab)using the H1B program for cheap labor. They don't expect you to actually take the job, nor are they willing to pay more to fill the position.
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Comment removed (Score:5, Interesting)
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The rules on who is unemployed are pretty simple (if possibly erroneous.) You have to want a job not have a job be healthy enough for a job and have had a job in the past two years. The last one is probably to detect people unwilling to admit they are unemployable because of skills/disabilities. However, post-2008, it caught lots of other people.
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You're looking for the Labor Force Participation Rate [stlouisfed.org]. 62% of the people who could work are currently working.
The u3 unemployment number is just rigged nonsense, so the headline of this story is also nonsense.
Of course, it is a common tactic . . . (Score:5, Interesting)
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They also advertise for jobs where they already have a H1-B worker doing the job to prove that they can't find a qualified American to do it.
Comment removed (Score:5, Interesting)
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Of course they aren't counting U6. Nor are they counting the under-employed - after all, one should be happy just to have a job.
And you're right about age discrimination for aged-60+ people. All of those are now "discouraged workers" who aren't counted in the unemployment stats.
What kind of jobs are going unfilled? (Score:2)
Fake (Score:5, Informative)
Second, and this has been going on for decades, employers will put up fake jobs [jobacle.com] in that the position doesn't exist, but the employer wants to get a feel for who is out there and what they want in pay.
Third, as the most recent jobs numbers showed, the largest portion of job creation is service jobs. i.e. low wage positions. One could argue that an increase in service jobs is a reflection of a growing economy, it could also mean that automation is taking away some of the more manual jobs which pushes down employment for those who would have done those jobs, thus revealing the only job growth is at your local Kwik E Mart rather than a production line. Since one can't live off those wages, they don't bother applying for such jobs.
While the numbers indicate more jobs than people looking, as the con artist would say, they're fake.
Minimum wage / gig economy or bad headhunting? (Score:5, Insightful)
Something tells me these numbers are being manipulated. If things really were that good, employers would raise wages. You'd have fast food places offering $20/hr to flip burgers if they needed the labor that badly. Also, including every "job" regardless of full/part time status and suitability is misleading. No one who spent a reasonable effort getting a college degree wants to be working a minimum wage retail job. If all the jobs advertised were professional jobs, or even high-paying factory work this would be an actual story.
One other problem especially in the tech and IT fields is the huge mismatch between employers/employees and the absolutely crappy hiring/headhunting process. Employees lowball their offers, headhunters have zero clue about the jobs they're advertising, and there's a massive fetish for anyone under 30. God help you if you're in your mid-50s and end up on the wrong end of an offshoring/outsourcing. The 28 year old MBA in HR is going to assume you're a dinosaur and immediately pass you over.
It's sure better than 10+% unemployment, but let me know when employers are offering solid, well paying, stable full time work. You can't expect anyone with a family to want to string together 3 part time gigs plus some Uber driving on the side. It's great for the unattached, but a bad way to encourage stable home lives for people.
Re:Minimum wage / gig economy or bad headhunting? (Score:4)
You'd have fast food places offering $20/hr to flip burgers
Would you settle for chicken [google.com]?
Skilled people can't find good enough jobs to have a place to live and still pay off student loans. Unskilled people don't just not learn, they also don't always try very hard. There is still a lot of underemployment, though.
Irony (Score:2)
*sigh* (Score:3)
Nothing said about the nature of the jobs or the wages for them. Nothing about the cost of health and accommodation. Nothing about the numbers of people that are no longer counted as looking for work.
So, things are clearly looking up. There are even concerns over wage inflation. Translation, research worth less than a used happy meal.
Re: Let me fix that for you... (Score:3)
No so. Labor demand is high, so salary is how the companies will compete for labor.
Re: Let me fix that for you... (Score:5, Insightful)
Right, I'll be over here holing my breath waiting for wages to finally go up.
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Too much Fox News for you (Score:5, Insightful)
http://www.foxnews.com/opinion... [foxnews.com]
I guess the idea that high taxes and reasonable regulations work pisses off the Ayn Rand-ites, so they have to constantly say that it's failing? That's some serious cognitive dissonance. You should probably get your head out of your ass.
http://www.latimes.com/busines... [latimes.com]
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You've been ingesting too much Fox News. They've been lying about California's economy for years.
http://www.foxnews.com/opinion... [foxnews.com]
Shhhhh! Don't tell them! The news that California is failing is actually a clever PR campaign to keep people in the flyover states from coming here. As the nation's most populous state, we have too many people here already.
Earthquakes, mudslides, drought, riot, stay away!
Re:Too much Fox News for you (Score:5, Insightful)
That's a lie. California continues to grow.
http://worldpopulationreview.c... [worldpopul...review.com]
socialist regimes always go broke. That is happening in real time in California.
Also a lie. See last post.
If you want to discuss facts, that'd be great. All you're doing is lying.
Re:Too much Fox News for you (Score:4, Insightful)
And the worst quality of life.
https://www.usnews.com/news/be... [usnews.com]
California has worst US air pollution in the nation
https://phys.org/news/2018-04-... [phys.org]
California has the highest poverty rate in the nation
https://www.latimes.com/opinio... [latimes.com]
Schools are 39/51
https://wallethub.com/edu/stat... [wallethub.com]
This is with a high state income and sales tax.
Re: Let me fix that for you... (Score:5, Insightful)
If that were true, salaries would be rising significantly faster than inflation. And should have been rising since the end of the last recession (roughly 2012ish, when you account for the people who lost jobs in 2008 getting re-hired).
Salaries aren't doing that.
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Re: Let me fix that for you... (Score:5, Informative)
Labor demand is high, so salary is how the companies will compete for labor.
That's the theory. But so far it isn't happening. Wages are barely keeping pace with price inflation. Economists don't really understand why. With tight labor markets and loose monetary policy, inflation should be roaring. But it isn't.
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Before you give credit to Trump, this is the tail of the economy that Obama revived. See Bare Stearns.
Yep. All it took was an 8-year-long runway and now we're airborne!
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Do you give Clinton credit for the last 8 years of the Reagan boom?
Hypocrite.
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I thought it would be pretty evident but here is a link to help out.
https://www.usnews.com/opinion... [usnews.com]
Depending on who runs the numbers under Obama the national deficit rose by 7 to 10 trillion dollars. Almost doubling or doubling, again on who runs the numbers, off all presidents before him combine. That alone is a disaster.
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This is truth and so many people don't realize it. The state of the world economy is tied to U.S. economy. If the U.S. economy goes south we take the rest of the world with it.
I expect this will not always be true with China's rising economy, but it currently is.
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Again the HornyWumpus speaks truthfully. I don't know what will trigger it but I do know this. If it does fall down it will be the
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Crap. My hand bump mouse button when it was on submit before I finished.
If it does fall down it will be a disaster of Biblical proportions.
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Re:Thanks Obama (Score:4, Insightful)
Re:Thanks Obama (Score:5, Informative)
Depending on who runs the numbers under Obama the national deficit rose by 7 to 10 trillion dollars.
No, you are wrong! At least get the terms "deficit" and "debt" right. The federal deficit will be $985 billion in 2019 (estimate). Deficit is completely different than debt, and using those terms wrong make you look ignorant. Here are several charts that show the historical and current deficit numbers [usgovernmentspending.com].
For people who are too lazy to look it up:
National debt: total amount of money we owe.
National deficit: amount we are adding to the debt (this year).
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Mass incarceration is hugely expensive.
Not to the people profiting from it, it isn't.
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Accusations of race-baiting are cr@p. He called asshat cops on some of their worse actions (harassing a man "breaking into" his own house, Holder's attempt to dial back civil forfeiture) instead of calling them "heroes" even if what they did was wrong.
The race-baiting came mainly from people who couldn't stand a Black president actually standing up for civil rights. Many "constitutional conservatives" are only conservative until people who don't look like them demand their Constitutional rights. When tha
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You mean the guy who was trying to break into his own house, and when the cop asked him for ID. The guy became belligerent. Yes, very racist. It's not like police ask for ID all the time when they give the person the benefit of the doubt, to see if they were the person in question. And then Obama jumping into the entire thing, and flaming the "well maybe he was a racist." Nope, no race-baiting there. How about "his son trayvon" who had a long history of petty crime, and was well on his way to being ye
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I would argue that the ACA was a net negative, though, and possibly worse than doing nothing in the long term because of the backlash. ACA was the Republican plan, and it sucked in a lot of ways. This got in the way of the single-payer system that we actually need, which would actually work.
Republican plan? Are you out of your mind? The ACA was passed on a party-line vote with procedural tricks to ensure no Republican opposition could stand in the way.
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Naturally, the Republicans hate the Democrats so much they won't even vote for their own plan if a Democrat agrees with it.
That's what the party of NO is all about these days.
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Your argument about single payer working elsewhere is ridiculous. There's no rational reason for US citizens to subsidize private profits from legal monopolies with severe regulatory capture, just for the sake of medical research of the rest of the world. Other countries with similar resources should be pulling their own weight, and it's a horribly inefficient way to fund research.
Basically all of the useful research is taxpayer funded while still being under unchecked, for-profit monopolies, with only
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Because he actually isn't? Somehow, I really don't care how good the economy is if my country is being looted by a bunch of crooks. And Trump's administration is the most corrupt in history.
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More corrupt than Nixon? An you can prove this how?
More likely, he is doing a good job and it sticks in your craw that he is.
Re:Thanks Obama (Score:4, Insightful)
Proof isn't the problem, the problem is the Republicans not impeaching him despite it all.
Proof is a problem, in that there is none. There is a lot of hearsay, but no proof. Can't impeach without proof.
But then what? Have you thought what happens if Trump is impeached? Do you think there will be a do over in the election or that Hillary will be carried in on a gold throne? No you get Mike Pence, think about that for a moment.
You progressives so worried about what Trump might do, you never think about what removing him will do. Trump is a political outsider. He spends most of his time fighting his own congress. Pence will not have that problem. He is a political animal, and knows how to get things done. He has the contacts and clout to pull it off. Plus he is thinks he is on a mission from god to put gays back in the closet and women back in the kitchen. He will set our country back 30 years.
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An again, where is the proof?
You really that dumb or do you actually believe that Pence would be better than Trump?
Re:Thanks Obama (Score:5, Insightful)
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Trump cure cancer, contact friendly alien life, and solve all the worlds problems, and you would still find something to bitch about him. Why can't you people just accept, despite his personal faults, he is actually doing a pretty decent job?
I will when you tell me what he's done? (seriously, I'm not anti-Trump, I'll give credit where it's due)
I'll start you off:
Tax cuts. This is what I consider his biggest achievement. Unfortunately it's only good if you are rich, for everyone else it's a shocker.
Employment. I give him credit for maintaining Obama's hard work to turn around the sinking ship, however there are two caveats. Job growth is slightly less than it was under Obama, so even though it's good it's not as good, and it's a lot easier to
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Where we kinda had to allow women to work because we didn't have enough men to do the jobs available?
A higher percentage of women are in paid employment today than during WW2.
We actually did a rather poor job of mobilizing women during the war. But Germany and Japan did far worse, because they were ideologically committed to keeping women at home.
Re: Uh... World War II anyone? (Score:2)
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The people with the best skills to get themselves out of that position... I don't feel too bad for them. ;)