This may have impacted mid-term elections.
Impact On Mid-Term Elections?
November 6 (King World News) – Here is a portion of what Peter Boockvar wrote today as the world awaits the next round of monetary madness: For the 3rd month in a row in September the number of job openings exceeded 7mm…
Gold is making its way back into the global monetary
system, to learn more CLICK HERE!
In the just reported read for September, the amount was 7mm on the dot vs almost 7.3mm in August (see chart below).
Too Many Jobs, Not Enough Qualified Workers
The problem remains though finding the right match of workers with the jobs available (see chart below).
Job Openings Greatly Exceeds Qualified Labor Pool
This was seen in the decline of 162k in the pace of hiring’s. This led to a drop in the hiring rate to 4.5% vs 4.7% in August and 4.5% in July. While the number of people quitting fell, the quit rate held at 2.4% for a 3rd month, the highest since January 2001.
The Bottom Line
The bottom line remains the same bottom line, finding the qualified workers for the jobs that are available has become a really challenging hook up. The 7m of job openings compares with the total pool of available labor at just 10.8mm as of October.
***KWN has released the powerful audio interview with James Turk and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
ALSO JUST RELEASED:ALERT: INFLATION ALERT: Buckle Up Consumers, Inflation Set To Surge CLICK HERE TO READ.