28 June, 2014

What's still wrong with the job market, in two charts - Vox

What's still wrong with the job market, in two charts - Vox: "When there are a lot of jobs and few job candidates you'd think that time to fill a position would be higher. And that's what this indicator is telling us now," he says.

That could mean that there's a skills mismatch, he says. That is, it could mean that employers can't find people qualified enough for the openings they're posting.

But it could also mean that employers are, for whatever reason, deciding to take their time in hiring. One theory here, as Catherine Rampell wrote in the Times last year, is that employers are still feeling cautious from the downturn — don't make a mistake in hiring, the idea goes, because it could be costly to pick the wrong person.