They’re measuring job offerings against unemployment claims rate. If there’s toilet scrubbing jobs out there and you don’t qualify for any benefits: that’s a humming labor market to an economist.
I remind people that the fastest way to “create a job” is to take a full time position with benefits, cut the hours in half and divide them amongst two new positions after removing the benefits and now you have a 100% increase in the supply of jobs.
They’re measuring job offerings against unemployment claims rate. If there’s toilet scrubbing jobs out there and you don’t qualify for any benefits: that’s a humming labor market to an economist.
I remind people that the fastest way to “create a job” is to take a full time position with benefits, cut the hours in half and divide them amongst two new positions after removing the benefits and now you have a 100% increase in the supply of jobs.
What does that mean? You can still claim unemployment if you don’t apply to toilet scrubbing jobs