By Dan Calabrese —— Bio and Archives--December 8, 2017
Don't get me wrong. I'll take it. With unemployment at historically low rates (The U-6 is at 7.9 percent; the U-3 is at 4.1 percent) and you're adding jobs, the challenge is going to be finding people to fill them. The report notes that wages aren't rising as fast as the number of jobs itself, but that will change as more qualified workers emerge to pursue the jobs and employers find the higher wages worth paying.
We're basically at full employment right now with one big honkin' caveat: If those who have exited the workforce ever decide to re-enter it in massive numbers (and they're starting to but only in a trickle), we'll need a lot more job growth than this:
Employers added 228,000 jobs last month in a sign the labor market remains healthy despite worker shortages and two months of hurricane-related volatility, but wage growth remained tepid.
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