April 2018 Newsletter

Your Money: Running Out of Workers

Sharing an interesting article I ran across in the Seattle Times on April 8th. – Dave

Steady economic growth and a recent jump in hiring have elevated one measure of the job market to its highest point in the nearly two decades since record-keeping began.

There is now nearly as many open jobs as there are unemployed people – a sharp improvement from the Great Recession. In July 2009, a month after the recession officially ended, there were 6.7 unemployed people, on average, for every advertised job opening.

Now, that figure stands at 1.06: There are 6.7 million unemployed and 6.3 million available jobs. The number of open jobs is the most since the government began tracking such data in 2000.

Even people who are already employed tend to benefit from the existence of so many open jobs. They can demand higher pay, thereby intensifying pressure on employers to raise average wages, which have languished since the recession. Companies may also have to expand training programs rather than hold out for a perfect hire.

Some of the unemployed who might previously have been overlooked, such as those with criminal records, are now being reconsidered.

Employers, we have a broad selection of General Managers and Service Managers available right now in many areas of the greater Pacific Northwest.

JOB OPENINGS

PEOPLE AVAILABLE

San Francisco to Seattle

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