put together a "Dream Team"...
cheaper, at less than half the price...
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Job openings in business and professional services (the blue line) have soared in recent months. In fact, they are back to 2007 levels. But hiring (the red line) is flat or even trending down.
This is pretty much the pattern across the whole economy. What is going on here?
There are three possibilities: Mismatch, offshoring, and lags.
Mismatch says that companies would like to hire, but can’t find the right people.
Offshoring says that companies have openings, but they are filling them overseas.
Lag would say that companies have openings, but it’s taking them time to pull the trigger, given the overall uncertainty.
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DB10
How about a fourth choice (or you might consider this a variation on lag).
- businesses advertising for openings that don't exist.
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Dec 08 08:12 PM
Michael, DB10, how about a 5th choice reason, being the 1st REAL reason: Money.
What if the over supply of potential new hires, means that they can buy a more qualified, younger, less expensive NEW employee..., to replace ones they already have?
Each month they/BLS report that there are 400,000 +V- hires AND terminations, but little or no increase in total employment. Who is getting hired, and who is getting fired?
What you may not be seeing is the Great American sport of "musical chairs" effects.
If the NFL, NBA, MLB, NHL, and pimps everywhere else, are "trading up", and drafting new recruits, why not the rest of U.S.?
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The Job Openings Paradox
http://seekingalpha.com/article/240772-the-job-openings-paradox?source=email_the_macro_view
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