Number of job openings at record high in mid 2016

The truth is that anyone that wants a job can get one as there are employment opportunities all over the place, in all sorts of fields. The latest government JOLTS report, or Job Openings and Labor Turnover Summary, shows that about 5.3 million jobs are available in this nation. That is a record amount of unfilled positions, even going back to when the economy was very strong in the early 2000s.

Companies are hiring. They are both posting and aggressively filling positions. With over 5 million jobs going unfilled as of April 2016, there is a strong demand for skilled employees or even entry level staff. This is further supported by the fact that the number of manufacturing jobs that are available is also at a record high, and it has increased around 3% from previous years. Those manufacturing jobs also tend to be higher paying that service side jobs.

The data from the Department of Labor shows a record number of positions open, however the number of people people hired is down slightly from 2015. The change in total US non-farm payrolls is averaging about 140,000 per month as of mid 2016, which is down from over 200,000 hires on average per month last year. So putting these two stats together, many experts (such as those from Ameriprise Financial) state that companies just can’t find people that are either qualified or that want to work.

We at needhelppayingbills feel that the two data points of number of open positions open, as well as a slowdown in net hiring, strongly supports that argument. We think there is a very strong case to be made that if companies are trying to hire individuals for a job (i.e. the record number of job openings), but they can’t find a “body” to get in the front door, then the net number of non-farm jobs added to the economy may be slower than in previous years.

Some people say the jobs that are available are not worth doing. This is non-sense and is wrong on so many levels. Anyone making that argument either has a sense of entitlement or is just flat out lazy. Not only that, but that fact that higher paying manufacturing jobs to be filled is at a record level also proves that argument is just not right. In addition to high skilled manufacturing jobs, the JOLTS data show that as par April 2016 there are also about 380,000 finance jobs open, over 1 million health care and/or educational, and 1.1 million professional services, some of which can be done at home. In fact, the JOLTS data shows “only” 726,000 leisure and hospitality type jobs.

Those categories of finance, manufacturing, professional services, etc. are decent jobs. These are not minimum wage positions. Even if they were, if someone is unemployed and can’t feed their family or pay the rent, any job is better than none. It not only brings a paycheck in the door, but it gets the person in the door of the company. Then, when a better job opens at at that same organization or a different one, their chances of obtaining it is greater if they are currently working.

Other experts, such as those from Job Stop or Workforce Investment Act sites, state that since there are so many open jobs, the number of employers willing to train people is much greater than it was in 2015 or earlier. So even if a person just takes a more entry level say manufacturing job, they will be in a great position to go through training to get new skills for other positions with the same company. Some companies are even allow staff to work full or part time at home as they need a body that badly. There are many other options for those that are interested, and find part-time work at home jobs.

So the bottom line is that no one should be saying they can’t work. Jobs are all over the place. While it may not be an exact match to what someone’s “dream” job is, if a person is unemployed and struggling, they take what they can until something better comes up.

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