t. man hatter
Job market is improving and that could impact your investment outlook.
The Janet Yellen led Fed has been focusing on jobs and any real pick up there could roll forward a change as to when interest rates go up in the U.S.
According to a story today on Bloomberg, a major shift is now taking place where recruiters are looking of candidates rather than the other way around since the recession ended in 2009. A number of cities are apparently short of workers.
“We’re short of people in a number of cities,” he said.
So he’s changing the focus of his $2.5 billion, Oklahoma City-based business. Instead of concentrating on finding jobs for those who want them, Express Employment is putting more effort into finding workers for companies that need them.
“We’re back in the recruiting market again,” Funk said.
The 74-year-old industry veteran isn’t the only one to notice the change. Americans who have been hunting for employment for more than six months are finding they’re having better luck landing a job, while people who had given up looking are returning to the labor force to resume their search.
Companies, meanwhile, are beefing up their in-house recruiting teams and increasingly using complicated computer algorithms to scour the Web for prospective job candidates.
The other side of this coin is up until now employers have been extremely reluctant to hike wages, a fact that may also be changing. Labor is two-thirds the cost of doing business.
But the real truth is worker wages have been flat for so long that if you stuck four wheels underneath them they could hall freight for the railroads.
If wages do start rising in any meaningful way, that will put further pressure on the Fed.The other truth is the inflation number is bogus and hourly wages have not kept up with a number that has been purposely manipulated.
So behind is a misnomer. A blatant, noon-day highway stick-up would be more correct.
http://www.bloomberg.com/news/2014-08-10/job-market-tilts-toward-workers-as-u-s-enters-virtuous-cycle.html
No comments:
Post a Comment