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Re:Supply-demand model of labor markets is broken, preventin... by pascalxus on Saturday June 23, 2018 @08:42PM (#17384314)
They mention, as evidence that the number of people looking for work is less than the number of job openings. I would argue that both of those numbers are flawed.

First of all, Having a job opening doesn't mean you urgently need a position filled. I've seen companies post the same job opening year after year after year, and get hundreds of applicants and still never hire anyone. Someone i know, (a data analyst) would often apply for these jobs, never ever hearing back or getting any kind of feedback on what they're looking for. There simply isn't any need, the posting is just there because someone forgot about it. If these companies were at all serious about hiring anyone, they'd at least get their career section of the web site straightened out.

Second, I think the total number unemployed may be miscounted. I know the unemployment rate number has huge problems.

Re:Supply-demand model of labor markets is broken, preventin... by lemoncucumber on Sunday June 24, 2018 @04:05AM (#17385535)
> Second, I think the total number unemployed may be miscounted. I know the unemployment rate number has huge problems.

Maybe you’re referring to the fact that it only counts people who are actively looking for a job, and ignores those who would like to have a job but have given up looking?