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There’s is 6.7 million jobs available more than workers and Uber is pushing down wages

Discussion in 'News' started by BurgerTiime, Jun 11, 2018.

  1. BurgerTiime

    BurgerTiime Well-Known Member


    By Lydia DePillis June 5, 2018: 7:06 PM ET

    Want more evidence that America's economy needs more workers? For the first time in at least 20 years, there are now more job openings than there are people looking for work.

    The ratio of unemployed workers to job openings dropped below one in April for the first time since the Labor Department started collecting data in 2000, the agency reported Tuesday.

    The total number of job openings was 6.7 million at the end of April, with an especially large increase in manufacturing jobs.

    One of the reasons for this shortfall: The open jobs and the people looking for work aren't in the same place. Also, available workers might not have the skills employers are looking for.

    Even with all the advances in job search platforms like LinkedIn, companies still have trouble finding workers with the exact qualifications they need, and very often end up hiring people from competitorsrather than out of unemployment.

    Partly for that reason, the amount of time it takes for the median unemployed person to find their next job is still nearly 10 weeks, above the historical average.

    A broader measure of unemployment, which includes workers who haven't looked for a job in the last four months and also those working part-time even though they'd rather work full-time, is still higher than it was in the late 2000s. That means there may still be workers on the sidelines ready to take opportunities that might present themselves.

    Those sidelined workers might also be waiting for better offers. While wage growth has picked up since the beginning of the recovery, it's still only running at about 3% per year, according to the Federal Reserve Board of Atlanta — significantly below the 5% level it reached in the early 2000s.

    Low wage growth has puzzled economists, since employers should start paying more as workers become more scarce. It's not clear whether the extremely low worker-to-job ratio will change that.

    One study released Tuesday by the Federal Reserve Bank of Boston suggested that the large number of people working informal jobs, such as driving for Uber, may be dragging down overall wage growth even as the tight job market pushes pay up.
    tohunt4me likes this.
  2. peteyvavs

    peteyvavs Well-Known Member

    tampa bay fl
    There is the white lie, big lie, and then there is statistics, if you believe anything that comes from the government then I have some ocean front property for sale cheap in Arizona.
    tohunt4me likes this.
  3. tohunt4me

    tohunt4me Well-Known Member

    new orleans , la.

    Let Employers COMPETE for Labor !


    Like they USED TO !
    mrpjfresh and ABC123DEF like this.
  4. BurgerTiime

    BurgerTiime Well-Known Member

    If you read the articles out today you’d know the stats weren’t put out by the government. It was several consulting firms and that came to the same census.
  5. bsliv

    bsliv Well-Known Member

    Las Vegas, NV
    The title of the article is, "There are now more job openings than workers to fill them."
    It could have been, "Available jobs aren't attracting qualified applicants due to the low pay."


    REX HAVOC Well-Known Member

    Oakland, CA
    It's not that the pay is low it's that a lot of these jobs, at least the ones in the tech sector need specific training that most companies don't want to pay for. They use statistics like these to pressure the government in to letting them hire more HB1 visa workers from around the world that already have the training instead of training the workforce they have here in the US.
    5231XDMA, ABC123DEF and observer like this.
  7. ABC123DEF

    ABC123DEF Well-Known Member

    Southeastern USA
    Make America PAY again! :p
    uberdriverfornow and SatMan like this.
  8. SatMan

    SatMan Well-Known Member

    The whole Uber operation is run by computers, calculators, formulas, algorithms, analytics, and cut and paste double-speak...yet investors continue to throw money at it. Corporate is so above the drivers that there isn't even a phone number to call in the event of an emergency. "Uber...the biggest con since Enron"
    5 STARS for you!!!
    ABC123DEF and uberdriverfornow like this.

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