Employers vs Employees – Who Blinks First – By Jeff Remsburg (Investorplace) / Nov 16 2021
Big unemployment numbers despite loads of job openings … how this is accelerating the Technochasm … what to do about it in your portfolio
In October, the number of unfilled jobs clocked in at 10.4 million. Meanwhile, there are 7.4 million unemployed workers.
At first blush, this is a head-scratcher…
With more open jobs than jobseekers, why aren’t we at full employment?
Obviously, with 7.4 million people in question, there are variety of reasons for the unwillingness to take open positions, so there’s no definitive takeaway.
However, here’s a broad perspective from The Washington Post:
American workers are increasingly seeking higher pay, more flexibility, and remote options as they flex their leverage in the current job market, but many companies are not necessarily being more accommodative, continuing to favor candidates with several years of experience in their industry, more availability to work evening or weekend hours, or a preference for those willing to work in-person.
