Posted on 01/17/2020 8:21:15 PM PST by cba123
Job openings plunged to their lowest level in nearly two years as hiring surged in November and the employment market got tighter, the Labor Department reported Friday.
Total vacancies tumbled by 561,000 to 6.8 million for the month, the lowest since February 2018, according to the government's Job Openings and Labor Market Turnover Survey. Despite the big drop, openings still outnumbered Americans considered unemployed by nearly 1 million. The vacancy rate nudged down to 4.3%.
(Excerpt) Read more at cnbc.com ...
Just imagine what the numbers would look like if modern H.R. departments did not need three or more months to select an employee!
Christmas jelp will always change the equation......plus it’s winter...everything slows down.
Demonrats across the land are rejoicing. Anything that is bad for America is GREAT for them. Bad economy? They might have a snowballs chance in hell of being elected. Job losses? Disgruntled voters who might potentially be “vote harvested” Demonrat.
So they twisted “record low unemployment” into the negative pretzel of “low number of job openings” . These people are sick in the head.
It called the 1st quarter hangover. Q1 is the slowest quarter every year both because of the spending hangover people suffer after the Thanksgiving-Christmas-New Years Holidays and the fact most companies run down inventory preparing for their end of their fiscal year in Feb.
So as usual the drama queen media is intentionally misrepresenting this “plunging” number as some sort of “ominous” omen instead of the totally predictable seasonal change it actually is
So it looks like there is a (very slim) possibility that the Democrats will remove Pres Trump from office.
Businesses say, “This is not good. Perhaps we need to hold off on our plans for expansion and new-hires?”
Job openings drop (GASP!) 8.25%!
The world is ending!
BHO -”Those jobs are never coming back!”
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