Are employers getting ready to hire?
Michael Mandel posts a bunch of data suggesting that (online) "help wanted" ads have skyrocketed over the past year, even as unemployment has also increased. "The labor market is getting ready for a massive rise in employment over the next year, as companies finally start hiring for positions they’ve been advertising for," he says.
I hope so. That data could also mean that unemployment is somewhat more structural than we thought -- i.e., the unemployed are in Florida, but the jobs are in Colorado -- or that employers have been moving their "help wanted" ads online at an accelerating rate, perhaps because online ads are cheaper and the businesses have been strapped for cash. And if you want to be depressed, read the comments. "I am reminded of a company that held a large job fair attended by over 500 people," writes one commenter. "A month later the number of job openings they listed on their site had increased from 52 to 57."
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