Job openings are up … but hirings are down

Posted By on April 8, 2015

Very confusing numbers in a recent Wall Street Journal graph noting that the number of job openings being posted are way up (green line) … up to the highest level in 14 years. That’s good news right?

Unfortunately a look at the red line shows the number of hiring. Hmm, that trend has moved down, as have the number of Americans who have quit their jobs … helping to create the lowest workforce participation rate in 37 years according to the Bureau of Labor Statistics.

EDIT: Added some CNBC video and “my” audio below.

Alan Krueger, Princeton University, and Eric Spiegel, Siemens U.S.A. president and CEO had a slightly contentious debate on CNBC’s Squawkbox over wages and the skills gap. Academics would like to see the private sector accelerate wages to attract workers while businesses claim its not a wage issue but that workers don’t have the needed skills. (the included segment on the CBNC archive was missing an “interesting exchange” below. Very telling for the WSJ graphs above.)

  CNBC Squawkbox Alan Krueger and Eric Spiegel – 4/8/2015

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.