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HIRING NOW

America has 7.3 million available jobs – the most job openings recorded in nearly 20 years.

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Who’s Hiring?

Construction
Hotels & Restaurants
Healthcare

Who’s Hiring Less:

Manufacturing
Federal Gov’t
Retail

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Why It Matters:

  • The trend of a tight labor market continues; a double-edged sword.
  • Positive: Reflects a good economy. Businesses hire when they need & can afford help. A lack of fulfilled jobs may lead to higher pay for current workers.
  • Negative: Job quality matters. Wages haven’t risen dramatically (in step with out boom periods); economists wonder why.
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“The labor market continues to heat up. But growth cannot continue for much longer if there is no one out there to work in the factories and shops and malls across America.”

Chris Rupkey, chief economist at MUFG, raising concerns that if companies struggle too much to find workers, it can actually hurt the economy by slowing production.
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The most recent data from the end of December 2018 shows there are currently more job openings in America (7.3M) than unemployed people (6.3M). Typically, the opposite is true - the unemployed outnumber job openings.

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