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More jobs available than people out of work #2504091
06/10/18 09:15 PM
06/10/18 09:15 PM
Joined: Aug 2014
Posts: 13,838
Mobile, AL
S
SouthBamaSlayer Offline OP
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https://www.cnbc.com/2018/06/05/there-are-more-jobs-than-people-out-of-work.html

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."

Employers have been complaining for years about a skills mismatch, or the inability to find workers with the right training for the positions available. In the meantime, companies are adding other incentives to retain workers and pull new ones in.

As the demand grows, workers have gotten more confident about leaving their current positions for better ones.

The total "quits" rate has been nudging higher this year and was at 2.3 percent in April, the highest since 2005 and above the 2.1 percent rate a year ago and the 1.3 percent bottom set in 2010. Barrera said the rate should be higher.

"While more people are getting into jobs, folks aren't moving around much once they do," she said. "Unfortunately, the lack of mobility means that employers face little pressure to raise wages. They just aren't competing over jobholders."

How long it will take until the gap is bridged has confounded economists and policymakers at the Federal Reserve. April saw the difference between job openings and hires continue to be wide as the labor market gets closer to full employment.

"This is the ongoing difficulty of employers finding qualified workers. The disparity between job openings and hiring is over a million again for the second month in a row," said Jessica Rabe, co-founder of DataTrek Research. "In terms of wages, it's hard to increase wages when you don't have the proper qualifications for a worker to fill that role."

Another factor working against wage gains is demographics and the aging workforce.

While the unemployment rate has dropped to 3.8 percent, tied for the lowest rate since 1969, the level of those falling out of the workforce has surged. The total of those counted as not in the labor force is now at a record 95.9 million, a 21 percent rise over the past decade.

Re: More jobs available than people out of work [Re: SouthBamaSlayer] #2504096
06/10/18 09:17 PM
06/10/18 09:17 PM
Joined: Jan 2009
Posts: 4,555
McCalla
H
hoggin Offline
10 point
hoggin  Offline
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Posts: 4,555
McCalla
It’s been that way for skilled labor for awhile, that’s why I’m paying double what I was last year to not only hire new help but also to keep what I had and that’s no joke.

Re: More jobs available than people out of work [Re: SouthBamaSlayer] #2504102
06/10/18 09:24 PM
06/10/18 09:24 PM
Joined: Oct 2008
Posts: 30,910
Clanton, AL
Out back Offline
Grumpy Old Man
Out back  Offline
Grumpy Old Man
Joined: Oct 2008
Posts: 30,910
Clanton, AL
But wait.
Obama patted himself on the back for "saving" millions of jobs.
I never did figure out how you help unemployment by counting jobs that nobody lost.


My opinions and comments are my own. They do not reflect the position or political opinions of Aldeer or any of the Aldeer administration.
Re: More jobs available than people out of work [Re: SouthBamaSlayer] #2504108
06/10/18 09:31 PM
06/10/18 09:31 PM
Joined: Mar 2013
Posts: 14,580
Clanton
Turkey_neck Offline
Booner
Turkey_neck  Offline
Booner
Joined: Mar 2013
Posts: 14,580
Clanton
Hell you can’t find labor anymore if you do they aren’t worth a crap.


Would walk over a naked woman to get to a gobblin turkey!
Re: More jobs available than people out of work [Re: SouthBamaSlayer] #2504115
06/10/18 09:38 PM
06/10/18 09:38 PM
Joined: Dec 2006
Posts: 16,914
Madison
BowtechDan Offline
Old Mossy Horns
BowtechDan  Offline
Old Mossy Horns
Joined: Dec 2006
Posts: 16,914
Madison
Should be titled "More jobs available than people who want to work."


Nathan Carl Goff 19 Sept 2016 - 14 Jan 2017.
Re: More jobs available than people out of work [Re: BowtechDan] #2504127
06/10/18 09:50 PM
06/10/18 09:50 PM
Joined: Oct 2015
Posts: 6,420
Pelham Al
T
Tigger85 Offline
12 point
Tigger85  Offline
12 point
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Joined: Oct 2015
Posts: 6,420
Pelham Al
Originally Posted by BowtechDan
Should be titled "More jobs available than people who want to work."

X2

Re: More jobs available than people out of work [Re: SouthBamaSlayer] #2504149
06/10/18 10:20 PM
06/10/18 10:20 PM
Joined: Feb 2011
Posts: 1,383
South Al
Brian_C Offline
8 point
Brian_C  Offline
8 point
Joined: Feb 2011
Posts: 1,383
South Al
I have been looking for help for over a year. You would think paying over 30k a year and having benefits for unskilled workers would attract someone. If I could find the right ones I would hire 5 ranging from 30k -50k tomorrow. Nobody want to work for a paycheck anymore.

Re: More jobs available than people out of work [Re: SouthBamaSlayer] #2504165
06/10/18 10:49 PM
06/10/18 10:49 PM
Joined: Jun 2017
Posts: 6,239
Alabama
Jakethesnake Offline
The Flippin’ Idiot That Could Care Less
Jakethesnake  Offline
The Flippin’ Idiot That Could Care Less
Joined: Jun 2017
Posts: 6,239
Alabama
Yes we are always hiring. But my employer dont pay good for laborers. They could pay operators better but choose not to. Either way.....we cant find ANY true equipment operators anymore. Thet are all dead or too old and quit. This new bunch wont act rite, show up everyday or have any skill. They cant even do labor work without having an attitude and thats their position!

Re: More jobs available than people out of work [Re: Brian_C] #2504171
06/10/18 10:58 PM
06/10/18 10:58 PM
Joined: Dec 2002
Posts: 51,936
Over Yonder
C
Clem Offline
Mildly Quirky
Clem  Offline
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Over Yonder
Originally Posted by Brian_C
I have been looking for help for over a year. You would think paying over 30k a year and having benefits for unskilled workers would attract someone. If I could find the right ones I would hire 5 ranging from 30k -50k tomorrow. Nobody want to work for a paycheck anymore.


30K a year isn't squat unless you're in a tiny small town with virtually no expenses and low cost of living. After taxes you're making hardly anything.


"Hunting Politics are stupid!" - Farm Hunter

"Bible says you shouldn't put sugar in your cornbread." Dustin, 2013

"Best I can figure 97.365% of the general public is a paint chip eating, mouth breathing, certified dumbass." BCLC, 2020
Re: More jobs available than people out of work [Re: Clem] #2504175
06/10/18 11:00 PM
06/10/18 11:00 PM
Joined: Jun 2013
Posts: 52,010
Gee's Bend/At The Hog Pen
James Offline
Freak of Nature
James  Offline
Freak of Nature
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Posts: 52,010
Gee's Bend/At The Hog Pen
Originally Posted by Clem
Originally Posted by Brian_C
I have been looking for help for over a year. You would think paying over 30k a year and having benefits for unskilled workers would attract someone. If I could find the right ones I would hire 5 ranging from 30k -50k tomorrow. Nobody want to work for a paycheck anymore.


30K a year isn't squat unless you're in a tiny small town with virtually no expenses and low cost of living. After taxes you're making hardly anything.



He did say for unskilled workers...


How many people am i willing to sacrifice for freedom?
Everyone. All of them...

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Re: More jobs available than people out of work [Re: Brian_C] #2504176
06/10/18 11:01 PM
06/10/18 11:01 PM
Joined: Jun 2017
Posts: 6,239
Alabama
Jakethesnake Offline
The Flippin’ Idiot That Could Care Less
Jakethesnake  Offline
The Flippin’ Idiot That Could Care Less
Joined: Jun 2017
Posts: 6,239
Alabama
Originally Posted by Brian_C
I have been looking for help for over a year. You would think paying over 30k a year and having benefits for unskilled workers would attract someone. If I could find the right ones I would hire 5 ranging from 30k -50k tomorrow. Nobody want to work for a paycheck anymore.


What type of work do you do? Im just curious.

Re: More jobs available than people out of work [Re: James] #2504178
06/10/18 11:09 PM
06/10/18 11:09 PM
Joined: Dec 2002
Posts: 51,936
Over Yonder
C
Clem Offline
Mildly Quirky
Clem  Offline
Mildly Quirky
C
Joined: Dec 2002
Posts: 51,936
Over Yonder
Originally Posted by James
Originally Posted by Clem
Originally Posted by Brian_C
I have been looking for help for over a year. You would think paying over 30k a year and having benefits for unskilled workers would attract someone. If I could find the right ones I would hire 5 ranging from 30k -50k tomorrow. Nobody want to work for a paycheck anymore.


30K a year isn't squat unless you're in a tiny small town with virtually no expenses and low cost of living. After taxes you're making hardly anything.



He did say for unskilled workers...


Still isn't much, skilled or unskilled, after taxes for your everyday expenses, rent and trying to save anything.


"Hunting Politics are stupid!" - Farm Hunter

"Bible says you shouldn't put sugar in your cornbread." Dustin, 2013

"Best I can figure 97.365% of the general public is a paint chip eating, mouth breathing, certified dumbass." BCLC, 2020
Re: More jobs available than people out of work [Re: SouthBamaSlayer] #2504184
06/10/18 11:16 PM
06/10/18 11:16 PM
Joined: Jan 2016
Posts: 3,801
Remlap
Reno Offline
10 point
Reno  Offline
10 point
Joined: Jan 2016
Posts: 3,801
Remlap


30k/year with benefits doesn't seem like a bad start for a dumby with no schooling on the subject


Roads? Where we're going, we dont need roads. ~Doc brown
Re: More jobs available than people out of work [Re: Reno] #2504185
06/10/18 11:22 PM
06/10/18 11:22 PM
Joined: Jun 2017
Posts: 6,239
Alabama
Jakethesnake Offline
The Flippin’ Idiot That Could Care Less
Jakethesnake  Offline
The Flippin’ Idiot That Could Care Less
Joined: Jun 2017
Posts: 6,239
Alabama
Originally Posted by Reno


30k/year with benefits doesn't seem like a bad start for a dumby with no schooling on the subject


I agree. Thats what? 14 or 13 an hour. I aint paying no one 13 an hour for un skilled labor.

But clem is rite as well. 30k a year minus taxes aint crap. Then deduct health insurance, morgage or rent, food abd gas...you would be starving or homeless. Thats whats jacked up with this country. Pay is way too low OR cost of living is WAY too high.

Re: More jobs available than people out of work [Re: SouthBamaSlayer] #2504212
06/11/18 04:57 AM
06/11/18 04:57 AM
Joined: Jun 2014
Posts: 4,215
Jasper Al
E
eclipse829 Offline
10 point
eclipse829  Offline
10 point
E
Joined: Jun 2014
Posts: 4,215
Jasper Al
Y'all that are downing $30k /year with benefits are forgetting about the $10k Tax refund. That's $40k w/ Benefits. And if folks would stick that Tax Windfall in the bank for emergencies instead of a couple new IPhones, a 60" flat screen and new wheels and a lift for the truck, they could have a little savings.



Last edited by eclipse829; 06/11/18 05:02 AM.
Re: More jobs available than people out of work [Re: Jakethesnake] #2504243
06/11/18 07:03 AM
06/11/18 07:03 AM
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Posts: 4,555
McCalla
H
hoggin Offline
10 point
hoggin  Offline
10 point
H
Joined: Jan 2009
Posts: 4,555
McCalla
Originally Posted by Jakethesnake
Originally Posted by Reno


30k/year with benefits doesn't seem like a bad start for a dumby with no schooling on the subject


I agree. Thats what? 14 or 13 an hour. I aint paying no one 13 an hour for un skilled labor.

But clem is rite as well. 30k a year minus taxes aint crap. Then deduct health insurance, morgage or rent, food abd gas...you would be starving or homeless. Thats whats jacked up with this country. Pay is way too low OR cost of living is WAY too high.



No, it’s the fact that you can make $40k on welfare that’s the problem

Last edited by hoggin; 06/11/18 07:03 AM.
Re: More jobs available than people out of work [Re: hoggin] #2504248
06/11/18 07:09 AM
06/11/18 07:09 AM
Joined: Jan 2016
Posts: 3,801
Remlap
Reno Offline
10 point
Reno  Offline
10 point
Joined: Jan 2016
Posts: 3,801
Remlap
Originally Posted by hoggin
Originally Posted by Jakethesnake
Originally Posted by Reno


30k/year with benefits doesn't seem like a bad start for a dumby with no schooling on the subject


I agree. Thats what? 14 or 13 an hour. I aint paying no one 13 an hour for un skilled labor.

But clem is rite as well. 30k a year minus taxes aint crap. Then deduct health insurance, morgage or rent, food abd gas...you would be starving or homeless. Thats whats jacked up with this country. Pay is way too low OR cost of living is WAY too high.



No, it’s the fact that you can make $40k on welfare that’s the problem


Seems like I read one time that if someone applied for and received every available government program, it was like making 60k a year


Roads? Where we're going, we dont need roads. ~Doc brown
Re: More jobs available than people out of work [Re: hoggin] #2504251
06/11/18 07:16 AM
06/11/18 07:16 AM
Joined: Jan 2009
Posts: 7,780
central ala,
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centralala Offline
14 point
centralala  Offline
14 point
C
Joined: Jan 2009
Posts: 7,780
central ala,
Originally Posted by hoggin
Originally Posted by Jakethesnake
Originally Posted by Reno


30k/year with benefits doesn't seem like a bad start for a dumby with no schooling on the subject


I agree. Thats what? 14 or 13 an hour. I aint paying no one 13 an hour for un skilled labor.

But clem is rite as well. 30k a year minus taxes aint crap. Then deduct health insurance, morgage or rent, food abd gas...you would be starving or homeless. Thats whats jacked up with this country. Pay is way too low OR cost of living is WAY too high.



No, it’s the fact that you can make $40k on welfare that’s the problem



For sure 30k and since there is no taxes it would be equivalent to working for 40k/year. That same person takes a job at 50k/year is then working for 10k/year. (50k with taxes - 40k with taxes = 10k). Is it worth working all year for 10k?


40k/year @ 40hr/,week @ 52 weeks = $19.23/hr

Re: More jobs available than people out of work [Re: SouthBamaSlayer] #2504253
06/11/18 07:24 AM
06/11/18 07:24 AM
Joined: Oct 2001
Posts: 25,324
Tampa
B
Beer Belly Offline
Freak of Nature
Beer Belly  Offline
Freak of Nature
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Joined: Oct 2001
Posts: 25,324
Tampa

We need to change the welfare system. People shouldn't be forced to cut hours, etc or they will lose benefits. Same for SS.

There are also a lot of baby boomers that are nearly unemployable. Lack computer skills, etc.

This data does NOT agree with the article: We are only ~63% labor force participation rate.
https://data.bls.gov/timeseries/LNS11300000




Last edited by Beer Belly; 06/11/18 07:28 AM.

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Re: More jobs available than people out of work [Re: SouthBamaSlayer] #2504255
06/11/18 07:27 AM
06/11/18 07:27 AM
Joined: Aug 2014
Posts: 13,838
Mobile, AL
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SouthBamaSlayer Offline OP
Gary's Fluffer
SouthBamaSlayer  Offline OP
Gary's Fluffer
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Mobile, AL
The one program that Trump needs to overhaul the most is the welfare/benefits system. If he could change that, a lot of the others would fall into place.

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