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US job openings at record high; labor market
Posted: Aug 9, 2017
.S. job openings jumped to a record high in June, outpacing hiring, the latest indication that companies are having trouble finding qualified workers. The Labor Department said on Tuesday that job openings, a measure of labor demand, increased 461,000 to a seasonally adjusted 6.2 million. That was the highest level since the series started in December 2000 and pushed the jobs openings rate up two-tenths of a percentage point to a near one-year high of 4.0 percent. The monthly increase in job openings was the largest since July 2015. Hiring was little changed at 5.4 million in June. That left the hiring rate steady at 3.7 percent. The gap between job openings and hiring points to a skills mismatch.... ;
The devil is in the details. A few observations. - Reuters is very clinical in
[ In Reply To ..]in nature, being very careful not to assign reason or advantage to Trump.
Second, most of these jobs right now are likely entry level jobs; however, it appears that the table is being set for more higher wage jobs down the road with the recent announcements of several new major facilities being planned, such as Foxconn and auto plants.
Third, I think this is going to speed the development and implementation of technology as there will be a growing dearth of retail, fast food, and truck driving type workers available.
Fourth, I’d rather have these policy issues than that of Obama with increasing food stamps and welfare.
Fifth, the Republican RINOs need to get on board now and produce tax cuts and healthcare reform among other pressing matters.
It's the GOP I have a problem with, not Trump. They seem to be blocking him at every turn. Governments don't grow business, but they can certainly enact regulations that hinder growth and hiring.
I don't find anybody hiding anything Trump - did/does. I find Trump
[ In Reply To ..]bragging about things he shouldn't be bragging about though.
Job growth has been going on for several years but we are losing many jobs as well to technology, as I believe you pointed out.
I'm not exactly sure where Obama policies increased food stamps and welfare. As you said, governments don't grow businesses and they also don't decrease jobs. We were in a recession. Companies weren't hiring. Would it be better if those on food stamps and welfare were starving in the streets who lost their jobs during the recession?
I don't like republican policies but again I have to disagree with you on "RINOs needing to get on board." They tried healthcare reform which was a big failure even though Trump praised the win when it passed through the house. They have said they want to move forward for now and work on tax cuts and budget, but Trump wants "Obamacare" repealed before anything else gets done just because he wants to remove anything Obama.
Where has the GOP hindered Trump removing regulations? That is what he has been doing and I for one don't think that is a good thing for us, they only benefit big business while taking away our protections and gutting the environment.
And to add to - what you said -
[ In Reply To ..]it just cracks me up that Trump supporters (the few that are left) tout job numbers and Wall Street numbers as being all because of him - BUT, if we point out that nothing he promised is getting done, they screech that it has only been 7 months and how can we expect him to have done much in that little bit of time? The economy has been growing since the big recession. Whether or not you want to give credit to Obama or not - that is what has been happening! People lost their jobs - I was one of them - and needed help to feed their families. Nothing lazy or shameful in that. I still am having problems even getting an interview at basic jobs like in customer service because they are overwhelmed with applications. Anything Trump does won't hit those types of companies for a while, so let's not give credit where it isn't quite due yet!! The regulations he has been meticulously removing have only been to benefit corporations, period. The republicans love to tout that this will help create jobs - I see it as more bonus for the corporate heads!
ASOS, a leading online global fashion and beauty - retailer, will establish an East Cosat
[ In Reply To ..]e-commerce fulfillment center in Union City, creating more than 1,600 jobs and investing more than $40 million in Fulton County throughout the next five years. In the first phase of development, the fulfillment center will have a 10 million-unit capacity with additional room for future growth.
"Georgia is an ideal location for innovative international retailers like ASOS to reach new customers," said Deal. "In choosing to locate in Fulton County, ASOS will benefit from the robust transportation network, highly skilled workforce and growing economy that we as the top state for business have to offer. We appreciate ASOS' significant investment in Georgia as they grow their presence in the U.S. and look forward to the company's success here."
Based in the U.K., ASOS has 15 million active customers around the world, with exceptionally strong growth in the U.S. The mission of ASOS is to use fashion as a force for good, with a focus on ethical sourcing, carbon reduction and giving back to the community.
"We are very excited to build a U.S. home in Fulton County," said ASOS Vice President of Logistics Brent Dorfman. "Atlanta is an ideal location for us, it is a vibrant and growing international city with a diverse culture. We will use the region's transportation network and deep pool of talent to deliver ASOS' best-in-class service to U.S. customers."
New jobs at the fulfillment center will include positions in professional and operations management, basic operations, engineering, material handling and administration.
"We are proud to have ASOS in Union City," said Union City Mayor Vince Williams. "Our economic development teams on the state and local level have worked tirelessly to attract world-class businesses to Georgia and this new partnership is a testament to their work."
"Having a global leader in e-commerce like ASOS choose Fulton County shows the area has the skilled workforce, proximity to population centers and availability of prime commercial real estate needed to support this growing industry," said Al Nash, CEO of the Fulton County Development Authority.
Georgia Department of Economic Development (GDEcD) Director of Logistics, Energy, Agribusiness and Food Processing Brittany Holtzclaw represented the Global Commerce Division in partnership with the Metro Atlanta Chamber, Georgia Power and Select Fulton.
"What a win it is for the state when an international company chooses Georgia in order to grow their customer base in the U.S.," said GDEcD Commissioner Pat Wilson. "We are excited that ASOS is locating to Union City. Thanks to our pro-business environment, statewide partnerships and top-notch workforce, Georgia is able to support ASOS as they hire our citizens for these newly created positions."
whoops, should be East Coast (just woke up, - need coffee) Just wanted
[ In Reply To ..]to quickly post some good news for a change.
I wish this was in Cherokee County instead of Fulton. Maybe they decided on this location because it's close to the airport.
That "quality" employers are looking for is - a home address in India.
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