National employment metrics; August, 2018

Overwhelming Openings

On 8/31/18, there were 7.136 million job openings, well up from 6.044 million a year ago. At the same time, the number of unemployed persons on 8/31/18 numbered 6.234 million, well down from 7.127 million on 8/31/17. That is, a year ago, there were 1.18 unemployed persons/job opening, now there are 1.15 jobs/unemployed person! Prior to 3/18, job openings had never exceeded unemployed workers since record keeping began in 2001!

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Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
http://www.econ70.com

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About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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