3 ms·
I'm not going to say you are wrong, but I would say your characterization is overstating the quality of the current job market in the US. > Extremely low unemp
by thephyber 7y ago
I'm not going to say you are wrong, but I would say your characterization is overstating the quality of the current job market in the US.
> Extremely low unemployment
This is accurate, if you measure U3 -- which is short term unemployed, as measured by surveys required to get short term unemployment insurance. If you measure the labor participation rate (U6), it shows something less than "extremely low unemployment".
That said, I think it's largely a problem with the candidates/employees and their mismatch between company expectations. Many unemployed have already filed for disability, so it's illegal for them to apply to work again. Many are convicted felons and have a criminal record which makes them unemployable in many careers. Many have life problems (learning disability, extreme substance abuse, illiterate, can't hold down a job, live in a region with a death of job openings and unable/unwilling to move, caring for a dependent, etc).