Tuesday, December 07, 2010

Jobs are a'Opening

The Wall Street Journal reported today that job openings increased in October to the highest level since before the 2008 financial crisis. "But," cautions the article, "the increase in job openings in October didn't translate into increased hiring. Companies hired 4.20 million people during the month, down slightly from September's 4.21 million. That could be a sign that companies are struggling to find workers with the necessary skills to fill the positions they have open."

Also from The Journal, a question whether the tax freeze for the wealthy will create jobs (answer: probably not). This will certainly be an issue debated for the next two years until they have to talk about this issue once again.

Lastly, USA Today talks about Baby Boomers who are going back to work after they turn 65, mostly because of the increased age at which you can file for Social Security. But about 25% of these workers are unable to physically work at that age anyway, says the article, which, ironically, means that they will have to file for disability which would increase the imbalances of Social Security. With 25% of Boomers equaling about the population of New York State, this is not a small issue.

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