More BS!
There does seem to be a tightening in the labor market; however, it appears that the demand is all, or primarily, at the low-end of the skill level. Lot’s and lots of entry and above entry level jobs. Beyond that, not so much.
So yeah, great if you are looking for a food service job, a landscaper job, or something on this order, but there simply are not many jobs beyond that.
This clown has to be kidding! How many people currently in the labor force are underemployed (e.g., engineers working in a restaurant) or underutilized (i.e., working 30 h/w because of Obamacare when they want to work 40 h/w)? Pile on top of that the number who have just dropped out of the labor force altogether (Discouraged Worker Effect). This site recently had a mother who's always been on welfare because she gets $1900/mo tax free. Since this idiot took office, my SS payments have risen 0.1% while welfare and other transfer payments have increase almost 31%. Free cell phones for deadbeats? Tell me politicians aren't using my tax dollars to buy votes and then use crappy statistics and idiots like this guy to say things are great. Time to clean house, people.
Bartenders and waitresses don’t replace high paying professional jobs, we are hollowing out our entire labor force. The guys at the top who are reaping the benefits for now will be in the papers tomorrow when they fold because of the deflationary crushing of the economic system from lack of demand.
I'm confused. Is this 1984-style double-speak? Because it makes absolutely NO sense, logically. What am I missing??? Could somebody please explain how the labor market could be "grinding towards full employment"....when the jobless claims are still over 200,000 PER WEEK.
Sure just continue to stop counting people and we can have labor participation rates at record highs
This is because most companies have already cut to the bone and can’t cut much more before they go out of business.
Over 50,000,000 unemployed.
This is blatant fraud.
There’s layoffs happening all over the technology sector.
What a pantload.
Time for Carrier and Disney and IBM and other companies to ship another couple of thousand jobs overseas so that they can dump more people into the labor pool and keep salaries down.