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The Economy: A Gulf in Optimism The Bureau of Labor Statistics reports that job openings were little changed from the previous month.
Yet as the labor market continues its agonizingly slow recovery, there are numerous reports that job openings are going unfilled because of mismatches between the skill requirements of employers and the skills of unemployed workers.
For example, the American Historical Association reports that job openings for historians have jumped 23percentt in the last two years, while the Modern Language Association of America says listings for English language and literature positions have soared an even more impressive 29percentt in the same period.
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On Friday, forecasters expect the Labor Department to report that job growth continued to accelerate in May.
Forecasters are predicting that the Labor Department will report that job losses accelerated in February, perhaps back above 100,000.
On Friday, forecasters expect the Labor Department to report that job growth continued to accelerate in May.Wait, what?
The Labor Department also reported that job openings rose in August for a second month and layoffs dropped sharply, evidence that the job market was slowly healing.
The government, meanwhile, reported that job growth moderated in November but did not slow to a pace that indicated the economy was abruptly decelerating.
Bond prices shot higher yesterday and interest rates fell after the government reported that job growth in June was much weaker than expected.
A day after the government reported that job growth had slowed in June after several strong months, Mr. Cheney argued that tax cuts had set the economy on a pattern of increasing employment.
The pressure to raise rates has increased over the last month, after the federal government reported that job creation surged in April for the second month and prices rose markedly in both March and April.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com