Unemployment falls below 8

[AsburySkinsFan]

wouldn't that be this year?

That is the one that usually follows last year

The quote feature works wonders for helping people understand what you're talking about. I know you know it's there, just can't quite figure out why you don't use it.

[twa]

sorry...nice color scheme though

Purty

[Thiebear]

Granted the President had a lower dip in jobs than most for the last 80+ years so it should be slower coming back.

I wish he took that Jobs council more seriously. It should be front and Center with Sunday shows and loud political backing.

http://www.jobs-council.com/

[mikered30]

Granted the President had a lower dip in jobs than most for the last 80+ years so it should be slower coming back.

I wish he took that Jobs council more seriously. It should be front and Center with Sunday shows and loud political backing.

http://www.jobs-council.com/

Obama will let the Jobs Council expire.

http://news.yahoo.com/obamas-jobs-council-shutting-down-thursday-145943394--politics.html

[China]

Applicants needed: Job openings are piling up; why isn't anyone actually hiring?

 

An odd puzzle is taking shape in the labor market: Over the past three years, the number of job openings has risen almost 50 percent, but actual hiring has gone up by less than 5 percent. Companies are advertising a lot more jobs, in other words, but not filling them.

 

To get some sense of how significant this is, consider that if, since June 2010, hiring had risen a third as much as advertised jobs have (rather than only a tenth), and nothing else were different, job creation would be roughly 500,000 higher each month, and the unemployment rate would already be back to normal levels.

 

So what explains the yawning gap between jobs open and jobs filled?

 

One possibility is that there is a mismatch between the work that companies need done and the skills that workers have. As Peter Newland of Barclays Plc has said, "We believe that this divergence between openings and hiring is consistent with our view that some of the loss of employment during the recession was structural, rather than purely cyclical, in nature."

 

Such a structural mismatch may well explain part of the gap, yet it seems unlikely that it explains most of it. After all, job openings in the retail trade have doubled in the past three years, while hiring has been flat. Is it plausible that we lack qualified workers for these jobs?

Low-balling the talent pool

A second explanation is that employers are offering jobs at wages that are too low to attract good applicants. Alan Krueger, a labor economist at Princeton University who recently stepped down as chairman of President Barack Obama's Council of Economic Advisers, believes this to be an important piece of the puzzle.

 

Click on the link for the full article

[twa]

if it keeps falling like this we will all be on the govt dole 

 

The labor force participation rate slumped to 63.2 percent, its worst reading in 35 years.......****ing Carter wannabe.