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Old 08-11-2019, 10:26 PM
Ellis Bell
Location: Right here; Right now
9,366 posts, read 4,620,897 times
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Originally Posted by TMSRetired View Post
Actually there isn't. I just posted the latest Labor Dept report.
That article is pure propaganda.
Screaming labor shortage forcing firms to get creative to fill record job openings
Federal Reserve finds major shortage of workers across economy

"Itís a big headache for businesses, though. Not only do they have pay higher labor costs, they canít find enough talent to raise production to meet growing demand. Some companies even have to reject new orders because they cannot fill them."

Fed report:

Help Wanted: Evaluating Labor Shortages in Manufacturing

"The evidence captured by our survey-based measure is consistent with traditional measures of labor market tightness. In particular, models of labor market search point to the vacancy-to-unemployment ratio, v/u, as a measure of market tightness, where v denotes the number of job openings and u is the number of unemployed.5 According this measure, the labor market is tighter the greater the number of employers seeking to fill job positions relative to the number of prospective workers looking for jobs."
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