There are now more job openings than there are people who stopped looking for work because there are no jobs.
Morgan Housel @TMFHousel
Yes, folks forget stuff. Especially conservatives who forget their concept of a free market opened the door to the worst financial crash since the Great Depression. It’s been eight long hard years since – and we’re just back to the point where jobs unfilled are greater than the number of those who gave up looking for work.
Lots of reasons in that equation. Most of them affecting mobility in the most mobile society on earth. Education, family, education, fear, cash-on-hand – and education. Many have accepted the option of any kind of job vs. something equivalent or better than what they used to have. It’s still easier to get a job if you have a job. Just as it’s easier to borrow money – if you have money.
But, it’s nice to see we’ve gotten back to where we are in the jobs market. Even though it took longer because of the conservative scumbags in Congress.
Thanks, Barry Ritholtz