Businesses Poised to Continue Hiring in 20, but not yet at Full Employment

full employmentTumisu / Pixabay

The News Regarding Full Employment Is Still Good for Graduating Students Soon Looking for Jobs

PHILADELPHIA—Economically, 2019 was a banner year. But what about 2020? Will business and consumer confidence, hiring and job opportunities continue on an upward trajectory? Nationally syndicated host and biblical investing authority Dan Celia says all signs point to ‘yes.’

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Q3 2019 hedge fund letters, conferences and more

The full employment problem

“It sounds to me as though many businesses are waiting to be cranked up in the new year and looking to hire more and more people,” Celia said. “But there aren’t many people to hire. We don’t have that many people unemployed, and this is the problem being at full employment. As a matter of fact, we’re a full percentage point below full employment. So we need to start seeing more people come into the workplace. But what this does mean? It means that opportunity abounds. What it means when we see 7.3 million job openings—far more job openings than people to fill them—is that the millions of students graduating from college mid-term will not have any trouble finding a job. And the same is true for students graduating from high school and college in May.

“What this also means,” Celia added, “is that we will, in all likelihood, continue to see job openings. But more importantly, we will see employee wages continue to rise as well, because with the opportunity of job openings comes higher wages. If I were a candidate of any stripe, I would not want to be running against this administration.”

What do you think about the job market? Are we at full employment? Let us know in the comments section.

Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues program, heard on more than 660 radio stations and several television networks nationwide.

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About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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