This is a job seeker’s labor market, and workers feel secure enough to leave the jobs they don’t like:
Hires climbed to the highest level of the year at 5.12 million and the number of Americans voluntarily quitting their jobs climbed to 2.75 million from 2.73 million the prior month. The number of voluntary quits tends to rise when people are confident about job prospects.
Most people are so comfortable that they can’t stand good news, so here is what many will consider a welcome worrisome trend:
And the share of Americans participating in the labor force, at 62.6% in July, matched the lowest reading since 1977, a possible sign there’s a mismatch between job openings and job seekers.
I noticed this problem when we were looking for a departmental secretary. This is an office position that requires a very limited skill set. Yet out of the 8 people we considered, 5 were utterly unprepared for any office job. (Out of the remaining three, one was not a good fit on a personal level, one couldn’t decide if she wanted a job, and one we hired.)
We had to hire someone with an MA because candidates with lesser qualifications showed an extreme incapacity to conduct themselves properly in an office setting.
This is a serious problem on the job market these days: jobs that require nothing but a warm body are increasingly rare. In the meanwhile, the number of jobs that require a worker who is a confident denizen of the modern world is growing. And there are not enough people to fill these positions. For instance, one of the insurmountable obstacles for our candidates was the need to work with people from a wide variety of countries. The candidates were visibly (and sometimes offensively) uncomfortable with anybody who was not exactly like themselves. And how many jobs these days welcome this sort of thing?
A significant number of job seekers eventually give up the search altogether because there’s nothing they have that the job market is ever likely to need. Such people are unequipped to arrive at the real reason for their marginalization by the job market (if they were so equipped, they would easily get employed) and start coming up with all kinds of bizarre outlets for the anger this incomprehensible reality produces in them. The political consequences of this anger and confusion are easy to observe.
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