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Old 06-12-2014, 10:29 AM  
Direckshun Direckshun is offline
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Jobs are opening up like crazy, but companies aren't really hiring.

This is a super interesting trend that I'd like your guys thoughts on.

Right now, we've reached a seemingly positive development, where there are now just 2.2 unemployed folks for every job opening. This is a really good spike over the past couple years -- yet companies are extremely hesitant to hire.

The question is, why?

My theory is two-fold, and perhaps you guys can offer your own theories.

1. Companies have jacked up the expected productivity of their workers to such a ridiculous extent that even though job openings are technically presenting themselves, companies aren't feeling the need to fill them. The ridiculous rise in productivity without a subsequent rise in wages has allowed companies to get more out of each employee for less.

2. Companies have trillions of dollars sitting in their coffers that they simply haven't invested since the recession hit. Companies cut tons of workers, went into extreme austerity, and now that the economy has come out of the recession and their sheets show them deep in the black, they simply haven't invested it like they normally would have prior to the recession. And this can be borne out in the (non-)hiring trends.

Thoughts?

http://fivethirtyeight.com/datalab/f...g-a-job-hasnt/

Finding a Job Opening Has Gotten Easier, But Getting a Job Hasn’t
By Ben Casselman
1:27 PMJun 10



Companies posted more job openings in April. Now if only they’d fill them.

There were 4.5 million jobs available in the U.S. at the end of April, the most since August 2007, the Bureau of Labor Statistics (BLS) reported Tuesday. Job postings are up 16.5 percent over the past year and have more than doubled since their 2009 low.

Actual hiring, however, is a different story. Hires were essentially flat in April and are up less than 6 percent over the past year. This has been a persistent pattern in the recovery, as the above chart shows.

One reason for the faster rebound in openings is that they fell further during the recession; companies pulled back on posting jobs even more than they did on hiring. But that isn’t the whole story. The ratio of hires to openings, which spiked during the recession, has fallen steadily through the recovery and is now below normal levels. That suggests companies aren’t filling available jobs at their usual pace.



(An important note on this chart: The BLS reports hires and openings differently. Openings are counted at a moment in time — the number of jobs available at the end of the month — while hires are a total for the whole month. So a one-to-one hires-to-openings ratio doesn’t mean every job was filled, because some jobs get posted and filled within a month, and therefore never show up in the data. So pay attention to the trend, not the absolute numbers.)

It isn’t clear what’s behind that reluctance to hire. Many employers, particularly in industries such as construction, blame a shortage of workers with the necessary skills. Some economists, meanwhile, argue that companies are struggling to fill jobs because there are fewer available workers than the 6.3 percent unemployment rate might suggest. But there’s reason for skepticism about both claims: Wage growth remains anemic (though that may, at last, be changing), which suggests employers aren’t being forced to pay more to attract workers.

The most likely explanation remains the simplest: the weak recovery. Companies are seeing more demand for their products, so they’re posting job openings, but that demand isn’t yet strong enough for them to fill those positions quickly. They’re content to wait for the perfect candidate to show up. (In economics jargon, companies’ “recruiting intensity” remains low, as it has been throughout the recovery.)

The good news for the unemployed is that more openings means more chances to land a job. There were 2.2 jobseekers for every available position in April, the best ratio since before the recession began. But those openings don’t mean much if companies won’t fill them.

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Old 06-12-2014, 11:02 AM   #2
Direckshun Direckshun is offline
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If businesses were somehow able to hire all 4.5 million jobs, the employment rate would fall to 3.4%. No shit.
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Old 06-12-2014, 11:14 AM   #3
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It might be that we don’t have people qualified for the Jobs or, perhaps the jobs don’t pay enough more than you can get from unemployment to incentivize people to get off their butts. Probably some of both.
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Old 06-12-2014, 11:20 AM   #4
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Quote:
Originally Posted by Direckshun View Post
This is a super interesting trend that I'd like your guys thoughts on.

Right now, we've reached a seemingly positive development, where there are now just 2.2 unemployed folks for every job opening. This is a really good spike over the past couple years -- yet companies are extremely hesitant to hire.
The question is, why?
They don't like the uncertainty of the market. This is caused by Obama.

/RWNJs
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Old 06-12-2014, 11:23 AM   #5
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Originally Posted by cosmo20002 View Post
They don't like the uncertainty of the market. This is caused by Obama.

/RWNJs
They're conspiring against Obama. / cosmo
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Old 06-12-2014, 11:26 AM   #6
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They don't like the uncertainty of the market. This is caused by Obama.

/RWNJs
They hire people when hiring them will make the company more money than it costs to hire them. or is they are someone’s brother-in-law
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Old 06-12-2014, 11:29 AM   #7
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I applied for two jobs I am qualified for and I guaran-****ing-tee you I won't get an interview from either of them.

Shit, I'll be lucky enough to get a rejection email or figure out what HR manager rejected my app so I can maybe get feedback on why Im unhireable.

Getting LinkedIn premium is a huge eye opener. There are jobs that only require a HS diploma and 30% of the applicants who applied through LinkedIn have MASTER'S degrees.
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Old 06-12-2014, 11:32 AM   #8
King_Chief_Fan King_Chief_Fan is offline
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Quote:
Originally Posted by Direckshun View Post
This is a super interesting trend that I'd like your guys thoughts on.

Right now, we've reached a seemingly positive development, where there are now just 2.2 unemployed folks for every job opening. This is a really good spike over the past couple years -- yet companies are extremely hesitant to hire.

The question is, why?

My theory is two-fold, and perhaps you guys can offer your own theories.

1. Companies have jacked up the expected productivity of their workers to such a ridiculous extent that even though job openings are technically presenting themselves, companies aren't feeling the need to fill them. The ridiculous rise in productivity without a subsequent rise in wages has allowed companies to get more out of each employee for less.

2. Companies have trillions of dollars sitting in their coffers that they simply haven't invested since the recession hit. Companies cut tons of workers, went into extreme austerity, and now that the economy has come out of the recession and their sheets show them deep in the black, they simply haven't invested it like they normally would have prior to the recession. And this can be borne out in the (non-)hiring trends.
1) companies have found out that they were over employed and that enough employees spent too much time on break, lunch, work out center and visiting with the co-workers. When they down sized they found out the non contributors were not missed.

2) companies have taken their billions and done better things with their money than paying unproductive workers...spend more R&D, Pension plans are fully funded and 401K plans are providing excellent security for the future and the occasional acquisition of another company.
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Old 06-12-2014, 11:41 AM   #9
jiveturkey jiveturkey is offline
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Originally Posted by FishingRod View Post
It might be that we don’t have people qualified for the Jobs or, perhaps the jobs don’t pay enough more than you can get from unemployment to incentivize people to get off their butts. Probably some of both.
Hiring people is what I do for a living. Lack of qualified candidates is #1 for sure. Companies aren't going to train people these days. You need to have this, that and the other just to get a phone screen.

Pay is another issue but not usually at the level I deal with. For some reason people come out of college expecting $60k. I'm not sure who's telling them this but those expectations need to be adjusted earlier in the process. I'm guessing that it's the schools that are selling them on the idea of getting a degree. Only 10% of the position I work on (Fortune 100 company) require a degree and it's usually because the hiring manager spent a fortune on an MBA and only wants people like them.
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Old 06-12-2014, 11:46 AM   #10
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Originally Posted by jiveturkey View Post
Hiring people is what I do for a living. Lack of qualified candidates is #1 for sure. Companies aren't going to train people these days. You need to have this, that and the other just to get a phone screen.

Pay is another issue but not usually at the level I deal with. For some reason people come out of college expecting $60k. I'm not sure who's telling them this but those expectations need to be adjusted earlier in the process. I'm guessing that it's the schools that are selling them on the idea of getting a degree. Only 10% of the position I work on (Fortune 100 company) require a degree and it's usually because the hiring manager spent a fortune on an MBA and only wants people like them.
I forgot that is what you do. What field do you work in?
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Old 06-12-2014, 11:48 AM   #11
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Clearly the government should force these companies to hire people.
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Old 06-12-2014, 11:49 AM   #12
King_Chief_Fan King_Chief_Fan is offline
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Clearly the government should force these companies to hire people.
well look out ....they government should probably make you get a job first
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Old 06-12-2014, 11:51 AM   #13
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If businesses were somehow able to hire all 4.5 million jobs, the employment rate would fall to 3.4%. No shit.
"Don't worry, the retirement flood will open them all up naturally" /kcnative
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Old 06-12-2014, 11:52 AM   #14
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I applied for two jobs I am qualified for and I guaran-****ing-tee you I won't get an interview from either of them.

Shit, I'll be lucky enough to get a rejection email or figure out what HR manager rejected my app so I can maybe get feedback on why Im unhireable..
I wouldn't hire you either.
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Old 06-12-2014, 11:53 AM   #15
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Businesses have anxiety and are nervous under Obama's regulatory and hc schemes-- are waiting things out.

Yup, that sounds good. I'll stick with it.
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