Vacancies are at the highest level in the history of this since data series that goes back to 2001. One might interpret this as another sign that the labor market is tightening, although this is inconsistent with the extremely modest wage growth we are observing. Another interpretation I am seeing is that corporate America has unrealistic expectations of job applicants and would rather invest in finding the ideal person than train someone else. This might be a rational strategy at a time when employment still does not seem to be growing very much.
Dow hits 20,000
2 months ago