U.S. Outlook: On the hunt for a better job
It is widely known that the U.S. economy is creating new jobs at a rapid pace. Since the expansion started, the economy has added nearly 20 million jobs.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Sept. 28.Key observations:
- With nearly 7 million open positions in the United States — a new national record — it is getting harder and harder for employers to find qualified candidates.
- As of August, part-time employment in the U.S. had dropped by 616,000 jobs, while full-time jobs were up by 2.7 million.
- This labor-shortage trend likely extends into the gig economy as well.
- Our forecast for the September payroll report is for another increase of 180K nonfarm jobs, with the U.S. unemployment rate moving back down to 3.8%.