The Job Market Still Sucks

B

Bonestorm

Thrillhouse
Here's a chart of the number of unemployed people (which doesn't take into account those who left the labor market) per job opening over time. It turns out that the number of unemployed people per job opening (3.1) today is worse than at any point during the last recession (2.9 at peak):

JOLTS-FigB-61113-800x594.png




That's not good. Maybe we should do something about that.



http://www.washingtonpost.com/blogs...worse-than-at-any-point-in-the-last-downturn/
 
Darla said:
We know you're easily amused, but tell us dearest little SF, is it your position that no jobs were lost due to the sequester?
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I know that cutting $40B from the budget numbers is not dramatic enough to hurt the economy. Of course there are job cuts involved... the admin made sure of that.

That said, you don't keep jobs just for the sake of keeping them. If they are no longer necessary, you cut them. You don't make a company healthy by keeping the outdated/unneccesary departments... why would you do so for the government? The long term health improves by making those types of cuts. If you keep them for the sake of keeping them, the company/government becomes a quagmire.
 
Thanks, Rana; just got back, saw you already posted the link.

I assumed everyone on this board was aware of the president's bill.
 
tekkychick said:
Thanks, Rana; just got back, saw you already posted the link.

I assumed everyone on this board was aware of the president's bill.
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I thought you might have had something more current. Parts of the presidents bill have already been tried, the taxes on the 'rich' have already been raised. The payroll tax cut was a fiasco.
 
This is really down to the private sector. Businesses are doing well, but unfortunately, business owners have found that they can make as much if not more money by keeping the same # of employees and just working them longer hours & cutting their benefits.

One of those pesky "inherent flaws of capitalism" that you hear about now and again...
 
Thing1 said:
This is really down to the private sector. Businesses are doing well, but unfortunately, business owners have found that they can make as much if not more money by keeping the same # of employees and just working them longer hours & cutting their benefits.

One of those pesky "inherent flaws of capitalism" that you hear about now and again...
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However, the cash on hand does little to grow their business or make them money. That capital needs to be invested, either internally or externally. Yet they are not. They are sitting on it. They have been for years. I wonder what is causing that... could it possibly be the nightmarish spending spree of DC? The constant Trillion dollar deficits?
 
Thing1 said:
This is really down to the private sector. Businesses are doing well, but unfortunately, business owners have found that they can make as much if not more money by keeping the same # of employees and just working them longer hours & cutting their benefits.

One of those pesky "inherent flaws of capitalism" that you hear about now and again...
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But average weekly hours aren't all that high. Basically, companies are able to meet the demand for their good and services without hiring more people. It's an aggregate demand problem.
 
Superfreak said:
However, the cash on hand does little to grow their business or make them money. That capital needs to be invested, either internally or externally. Yet they are not. They are sitting on it. They have been for years. I wonder what is causing that... could it possibly be the nightmarish spending spree of DC? The constant Trillion dollar deficits?
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It could be, but it isn't.
 
tekkychick said:
Passing the president's jobs bill would help too.
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Is there any reason to believe that would make any more of a difference than the $800 billion jobs bill passed in 2009? What ever happened to those "shovel ready jobs"? I won't deny that government has a vital role in the economy; I am not even necessarily opposed to a jobs bill. However, if we are going to spend a hundred billion dollars, I also want to be sure it is being spent wisely and actually helping people, not spent frivolously or to line the pockets of wealthy bankers and the like. Is a little transparency so much to ask for?
 
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