BY: Adam Gavriel
After last week’s State of the Union address from President Barack Obama, congressman David Joyce (1st term Republican, Ohio) was quoted on the current job market, and how he feels American’s aren’t well prepared for the market in front of them.
“We need to better prepare our workforce for the jobs that we have,” Joyce said. “There are three million jobs that go vacant each month in this country, so the idea of trying to better prepare our children for the workforce by reforming high schools and stressing technical degrees in engineering, that is something that intrigues me. It’s something that people in other districts hear from their people, who said we have difficulty finding competent workers.”
The website PolitiFact picked up on Joyce’s comments out of intrigue, and decided to do some research. Not willing to believe that in a country with a 7.9% unemployment rate that 3 million jobs could go vacant from month to month.
PolitiFact contacted Joyce’s office, who referred the website to these figures:
“Reports the office issued for previous months in 2012 indicated there were 3.8 million job openings in June, 3.7 million job openings in November, October , July, May and March, 3.6 million openings in September and August, 3.5 million vacancies in January and February, and 3.4 million unfilled jobs in April,”
Joyce wasn’t wrong.
It is becoming an epidemic in today’s struggling economy that jobs are remaining unfilled. This is due to a believed “skill gap” in the workforce between employers and prospective employees. Currently, employers aren’t paying what prospective employees feel they are worth. With this in turn comes the underemployment number. Underemployment, if you are not familiar with the term, can be defined as people who are working in a lower capacity than they are qualified for, including in a lower-paid job or for less hours than they would like to work.
The current reported underemployment number in the United States sits at around 15%
Is it possible that all these issues can be tracked back to simple supply and demand theory? There isn’t a very large demand for workers these days, but the supply of those looking for work continues to be at an all-time high. This allows prospective employers to pick and choose as they please, at the rates they wish to pay, with the skills they want to add to their teams.
The job market is always evolving. If you find yourself unemployed at the current time, we encourage you to stick with it, to keep building your resume however you can, and adding those skills that employers in your field desire. If you’re like the many other hardworking unemployed Americans, you are reading job ads daily, you know what companies are looking for. Always remember that unemployed time is NOT vacation time.
At Crossroads Consulting we continue to have over 50 job postings that we’re looking to fill TODAY across the nation. If you believe that your resume is holding you back, we can help you there too with our resume service.
As patriotic as we are, we want to see all of America back on its feet and in the workforce. This economy cannot recover on its own, but requires a team effort from everyone out there. Make your connections, including us, work them, and let’s get working together.
Remember, Crossroads Consulting is here to put the ‘human’ back into ‘human resources.’