Denton Record-Chronicle (Denton, Tex.), Vol. 111, No. 190, Ed. 1 Sunday, February 8, 2015 Page: 9 of 38
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NATIONAL
9A
Denton Record-Chronicle
Sunday, February 8, 2015
Access
great rates.
As U.S. job market picks up
unemployed face frustration
J
Washington University. “The
transition isn’t instantaneous.”
Carlie Kozlowich, 23, had
three interviews last year with a
marketing company for a job
she was told would involve “trav-
el” and “events.” Only after ac-
cepting the job did she learn it
involved selling goods at a booth
in a Costco. Having amassed
roughly $50,000 in debt to earn
a college degree, she felt she had
to turn it down.
“Three interviews just to say,
Would you like to try a pierogi
today?”’ she said.
Steven Davis, an economist
at the University of Chicago, cal-
culates that it took employers an
average of 25.6 working days to
fill a job in November, the latest
period for which data are avail-
able. That nearly matched July’s
figure of 26, the longest in the 14
years that the government has
gathered the data Davis uses.
An extended hiring period
can in some ways be a positive
sign: It suggests that companies
are having a harder time finding
workers because the economy
has strengthened. The number
of unemployed peaked at 15.4
million in October 2009, just af-
ter the recession ended.
cruiters and online job sites de-
scribe “skills mismatches.”
Paul D’Arcy, senior vice presi-
dent at the job listings website
Indeed.com, says lower-skilled
jobs generally receive a flood of
resumes, while higher-skilled
positions attract far fewer.
Jobs in management, com-
puters and math and architec-
ture and engineering far out-
number job seekers in those
fields, according to Indeed’s da-
By Christopher S. Rugaber
AP Economics Writer
WASHINGTON - The job
market remains a frustrating
place for America’s 9 million un-
employed — perhaps more so as
hiring has accelerated along
with job postings.
The pace of job growth over
the past three months was the
fastest in 17 years. The gains
spanned nearly eveiy industry,
and some employers have finally
had to dangle higher pay to at-
tract or retain top talent
And yet millions of job seek-
ers still can’t find work Some
businesses remain slow to fill
their openings, awaiting the ide-
al candidate. Many job seekers
lack the skills employers require.
The plight of the unem-
ployed also reflects an economic
reality: Even in the best times,
the number of job seekers is typ-
ically twice the number of job
openings.
The January jobs report that
the government issued Friday
pointed to another factor, too:
As hiring strengthens, more
people typically start looking for
jobs. As the number of job seek-
ers grows, so does competition
for work
The number of openings has
reached nearly 5 million, the
most since 2001Yet that’s barely
more than half the number of
people the government counts
as unemployed.
“There’s always going to be a
set of job vacancies, and there are
always going to be a set of people
transitioning from unemploy-
ment to work” said Tara Sinclair,
an economics professor at George
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That doesn’t sit well with Bill
Gahan, 51, who has sought work
for nearly a year after moving to
Salt Lake City Gahan worked in
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Increasingly, many econo-
mists agree with Gahan.
Though skill shortages exist in
some highly technical positions,
if shortages of qualified workers
were pervasive, employers
would likely offer higher pay.
Despite a sharp gain in January,
average pay still hasn’t risen
much.
Many employers also remain
highly selective, perhaps assum-
ing there are still legions of un-
employed to choose from. They
maybe right: There are 6.8 mil-
lion part-time workers who
would prefer full-time jobs — 50
percent more than in 2007, be-
fore the recession began.
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AccessBank
320 Eagle Dr., Ste 100
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Still, the fact that it takes
companies so long to fill vacan-
cies, even with 9 million people
unemployed, suggests that more
discouraging factors may be at
play.
list Member FDIC
BA
www.dentonrc.com
Some companies that are
seeking high-skilled workers in
fields like information technolo-
gy and advanced manufacturing
complain about a shortage of
qualified candidates. Some re-
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Parks, Scott K. Denton Record-Chronicle (Denton, Tex.), Vol. 111, No. 190, Ed. 1 Sunday, February 8, 2015, newspaper, February 8, 2015; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1124779/m1/9/?rotate=90: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .