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Record Number of Jobs Available

Critter7r said:
"There were a record 5.788 million job openings in the US in April, according to the latest Job Openings and Labor Turnover Survey (JOLTS).

Economists had forecast that there were 5.675 million job openings during that month, according to Bloomberg. The number of openings in March was revised down to 5.670 million from 5.757 million.

Hiring slowed, as the total number of hires fell slightly to 5.1 million and the rate [rate of what?] edged down to 3.5% from 3.7%."

So .... 5.675 million jobs available and 5.1 million people hired? Is a half-million job openings going unfilled in a month a huge deal?

Or am I reading that wrong?

I'm not "in" financial circles, so forgive me if "the rate" is some rate that I should know the meaning of.
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actually it is a huge deal it means that businesses were looking but didn't find the people.
that means either people are lacking skills or not interested in that job for some reason.

it means that there are 5.1 million people that could be working but aren't.
 
Gimmesometruth said:
Like the wage....ur sumpthin'

jus say'n
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making some money vs no money hmmm.
I guess making no money is better for some reason.

it also depends on the person. you really can't demand a higher wage if you have nothing to offer.
 
ludin said:
actually it is a huge deal it means that businesses were looking but didn't find the people.
that means either people are lacking skills or not interested in that job for some reason.

it means that there are 5.1 million people that could be working but aren't.
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No ... "Hiring slowed, as the total number of hires fell slightly to 5.1 million... The number of hires was 5.1 million. That means 5.1 million people were hired, it isn't that they " ... could be working but aren't", because they are; they got hired.

It was "... the rate edged down to 3.5%..." that I had the question about. I don't know what that rate refers to, since 5.1 million hired out of 5.757 million people is a difference of about 9%, not 3.5%, and unemployment isn't that low. I don't know what the 3.5% refers to.
 
Moderate Right said:
Can you say, "Obama has destroyed the better paying jobs with his liberal anti-business policies so that only lower paying part time jobs are the only ones being created"?
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Can you say, "The better-paying jobs have emigrated."? You can still have them, you just have to move and learn a different language. 'Course, they don't pay so well anymore. Nike has to cut back on wages in Bangladesh so they can keep LeBron James happy.
 
ludin said:
making some money vs no money hmmm.
I guess making no money is better for some reason.
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and you want to get into another debate about a living wage combined with a morality play. It is better for you to steer clear of the macro argument.

it also depends on the person. you really can't demand a higher wage if you have nothing to offer.
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Well it would be wrong to have in place training if the candidates do not meet expectations, heaven forbid.
 
Grand Mal said:
Can you say, "The better-paying jobs have emigrated."? You can still have them, you just have to move and learn a different language. 'Course, they don't pay so well anymore. Nike has to cut back on wages in Bangladesh so they can keep LeBron James happy.
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Can you say that liberal policies and unions have helped better paying jobs migrate?
 
Moderate Right said:
Can you say that liberal policies and unions have helped better paying jobs migrate?
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Unions made the jobs well-paid, and liberal policies (non-interference in business) helped them move south, so I guess that makes you batting .500. Not bad..
 
Critter7r said:
No ... "Hiring slowed, as the total number of hires fell slightly to 5.1 million... The number of hires was 5.1 million. That means 5.1 million people were hired, it isn't that they " ... could be working but aren't", because they are; they got hired.

It was "... the rate edged down to 3.5%..." that I had the question about. I don't know what that rate refers to, since 5.1 million hired out of 5.757 million people is a difference of about 9%, not 3.5%, and unemployment isn't that low. I don't know what the 3.5% refers to.
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3.5% is the number hires in April as a percent of total employment in April.
 
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