RE and economic charts: Economic Jolt: Job Openings and Labor Turnover May + Job Openings unchanged = 5 Workers for Every Available Job

Wednesday, July 13, 2011

Economic Jolt: Job Openings and Labor Turnover May + Job Openings unchanged = 5 Workers for Every Available Job

[mEDITate-OR:
look more closely at what is really going on with employment...
---------
There are three exceptional JOLTS reports available to U.S.
The first 2 charts are from Ms C and Economix-NYT
and have focused on the mismatch between opening and the unemployed.
-----------
The second two charts are from the Paper Economy
and they focus on the Beveridge Curve
The first is similar to Ms C's first chart.
The second is much more complected and descriptive.
-------
The 5th chart is from Bill@CR
While it is more similar to PE's 2nd chart
it looks very different and descriptive.
---------
The last 3 charts from PE
separate out job opening.
from job hires
and from job separations.
----------
The major point is that looking ONLY at U-3 or U-6 will show U.S. only gross numbers or percentages.
However, there is MUCH more actually going on under those reported numbers.
There is a LOT more hiring and separations - quits and layoffs - taking place.
The problem is that right now they are about equal = NO job creation.
-----------
DESCRIPTION