There Are Fewer and Fewer People to Fill All the Job Openings

Last month the number of job openings was greater than the number of unemployed for the first time since 2001. But since we’ve been talking about the declining employment-population ratio lately, I thought it might be interesting to see the number of job openings compared to all nonworking people aged 25-54. Here it is:

Remember that “unemployed” counts only people looking for a job. “Nonworking” is everyone who doesn’t have a job, whether they want one or not. This is the true pool that employers can call on, since lots of people will decide to re-enter the job market if wages get high enough.

Either way, this number is at a record low since records began in 2001. Of course, if records went back a few years earlier, the dotcom boom would have had even lower numbers. That’s the last time that wages truly increased significantly, and it attracted plenty of people back into the labor market.

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate