Job Openings Bunk
The Republican National Committee and others have taken to claiming that the number of job openings exceeds the number of job seekers for the first time “in history,” a sweeping claim that is without factual support, and likely false. It’s true that the number of unfilled job openings is now greater than the number of unemployed people for the first time on record, but records only go back 18 years. Despite what some GOP spinmeisters would have you believe, “history” didn’t start in December of 2000. That’s when the Bureau of Labor Statistics began its Job Openings and Labor Turnover Survey. And BLS says, “Prior to JOLTS, there was no economic indicator of the unmet demand for labor with which to assess the presence or extent of labor shortages in the United States. ” Make no mistake, it’s remarkable when job openings exceed the number of jobless, as happened back in March, and several times since. Trump didn’t mention that “recorded” history only goes back 18 years in this case.
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