The good news is that jobless claims have fallen to the lowest level in three months. The bad news is that 95,000 jobs were lost in September and unemployment is still at 9.6 percent. A lot of temporary census jobs ended and state and local governments in financial trouble are laying off workers. The question is, are jobs available, and, if so, why aren’t they being filled?
A new study suggests that, with the number of job vacancies out there, and if those were being filled, the unemployment rate would drop to 6.6 percent. Some may be due to benefits available to workers who are being more selective, but a new paper says employers are also responsible because they aren’t trying hard enough to fill the vacancies. You can’t force companies to hire, but if affordable, it would certainly be in America’s best interest now to make the move.
Read more here.
BLS Report here.