This has been covered by far more than NPR - unemployment is at its lowest number in years, and labor force participation is actually up (so it's not that the r

This has been covered by far more than NPR - unemployment is at its lowest number in years, and labor force participation is actually up (so it's not that the rate is declining because people are simply leaving the workforce). The difference is that the vast majority of jobs are low skill, meaning that if another firm will offer a better deal, it's very easy for employees to simply walk. If you wanted to get _a_ job, you'd easily be able to. Wages, however, are not growing at the same rate, which is probably more related to your experience.