By: Jeremy Mulvihill
on October 12, 2018
The U.S. Bureau of Labor Statistics report today shows that the economy added 98,000 new jobs last month, and the unemployment rate is down to 4.5%. But the real number we should be watching is the number of open jobs—unfilled vacancies in the job market—which the BLS will report next week. The number of open jobs hit a record 5.8 million last April and hasn’t dipped below 5.4 million ever since.
While both Republicans and Democrats identify job creation as our country’s top economic priority, the numbers prove that achieving job growth is not simply a matter of increasing the number of jobs. The bigger issue is whether people are equipped to perform the jobs that exist within our rapidly changing economy.