All but one state saw gains in October and gains are spread across all sectors
The Fed is backing the “tight labor market” thought. It is no longer highly skilled workers who are in short supply…
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For Immediate Release 10:00 AM ET, Wednesday, December 2, 2015
Online Labor Demand Increases 232,000 in November
? Strong November gain follows large October increase
? Gains were widespread across States and MSAs
? Services/Production occupations saw strength in holiday/seasonal-related categories
NEW YORK, December 2, 2015…Online advertised vacancies increased 232,000 to 5,684,500 in November, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series, released today. The October Supply/Demand rate stands at 1.45 unemployed for each advertised vacancy with a total of 2.5 million more unemployed workers than the number of advertised vacancies. The number of unemployed was around 7.9 million in October.
“Following a weak second and third quarter, employer demand has strengthened in the fourth quarter with two months of strong increases,” said Gad Levanon, Managing Director of Macroeconomic and Labor Market Research at The Conference Board. “In 2015, employers have continued to show high levels of monthly labor demand along with a moderate average monthly growth.”
In November, the Services/Production category saw gains in most areas, with large gains in Office/Admin (+42.2), Food (+34.4), Transportation (+28.2) and Sales (+27.7). The Professional category saw gains in all areas with large gains in Healthcare (+28.5), Computer/Math (+17.9) and Business/Finance (+13.6).
Here is the kicker…..nationally there are 1.45 people unemployed for every job listed……that is an obscenely low number…