Feb 082012
Hires are rising at a snail’s pace. At this pace it could take about 5 years to pre-recession hiring pace. Why would job openings rise by about 1.2 million but hiring only rise by about 400k? Is this possibly an indication that our surplus labor force has lost its ‘hireability’?
People are slowly gaining confidence in the jobs market, as shown in the rise in quits. It appears that ‘quits’ has risen the same amount as ‘hires’. Perhaps companies are only filling job openings with people that are already employed?
The good news is that so many people have been laid off over the past few years that businesses cannot run with fewer employees and layoffs remain at a low.
