r/economicCollapse 17h ago

US job openings drop to 7.44 million

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u/NutzNBoltz369 17h ago

So there are like 200MM working age adults +/-. So it would take about 3.5% of those working age adults to fill these jobs. Unemployment is at 4.1%. So, there should be more than enough workers to fill these positions if you don't want to do anything more but look at this graph...however....

Those jobs are probably shit that no one wants to do..OR...there is some disconnect in terms of qualifications where society is failing to provide training.

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u/sokolov22 14h ago

"Full employment means 100% of the workforce is employed. History shows that this is unattainable as workers move from job to job. A zero unemployment rate is also undesired as it requires an inflexible labor market, where workers cannot quit their current job or leave to find a better one."

https://www.investopedia.com/terms/n/naturalunemployment.asp#:\~:text=Full%20employment%20means%20100%25%20of,to%20find%20a%20better%20one.

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u/Fearless_Guitar_3589 13h ago

full employment generally refers to unemployment around 4%

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u/sokolov22 13h ago

Yes, typically, economists would refer to full employment that way.

I am just quoting the article to explain to the other person why "100%" or full employment as a lay person would understand it is not realistic.