Job Openings Jump in September, Number Still Low

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By Douglas A. McIntyre Published
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The Labor Department reported that there were 3.4 million open jobs nationwide in September. Most analysis of the number said that this was great progress over the 3.1 million level in August. The optimism fails to acknowledge that the number of job openings was 4.4 million in December 2007, before the recession began. Most comments about the number also fail to mention that the American workforce has become less mobile and less well-trained than its was three years ago.

A job opening does not necessarily mean that job will be filled soon. Some employers post jobs even though they will only hire people with sterling backgrounds and training. Other companies expect applicants to work for much less than they would have three years ago, even though the skills required are still the same. A rise in productivity allows some firms to let jobs remain open for months.

Experts believe that many Americans unemployed for long periods lose some of their skills. These people will not find work, even if, in some cases, the work is only a mile away. Many people who want to find jobs cannot afford to relocate. Not everyone can pay to move from the high unemployment regions in central California to parts of Texas or Alaska were there may be more opportunity.

Jobs available now often have different characteristics than the jobs open in 2006 and 2007. Employers needed to find workers quickly then. Their businesses were expanding with the economy. Those days are over, at least for the foreseeable future.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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