{"id":1221,"date":"2007-10-04T12:22:23","date_gmt":"2007-10-04T17:22:23","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2007\/10\/and-the-economy-rolls-on\/"},"modified":"2008-01-07T15:15:50","modified_gmt":"2008-01-07T21:15:50","slug":"and-the-economy-rolls-on","status":"publish","type":"post","link":"https:\/\/selectmetrix.com\/blogs\/2007\/10\/and-the-economy-rolls-on\/","title":{"rendered":"And The Economy Rolls On"},"content":{"rendered":"<p>The latest Q4 hiring survey is out, this time from CareerBuilder and USAToday. <a target=\"_blank\" href=\"http:\/\/ij.am\/hf\/3\/4\/0\/504406457781808640.xml\">From the press release<\/a> with my emphasis:<\/p>\n<blockquote><p>The survey, titled &#8220;Q4 2007 Job Forecast,&#8221; was conducted from August 10 through September 4, 2007 of more than 2,700 hiring managers and human resource professionals in private sector companies. &#8220;<em>Given the housing slump and tight credit market<\/em>, caution is to be expected when it comes to hiring in the fourth quarter,&#8221; said Matt Ferguson, CEO of CareerBuilder.com. &#8220;While employers are keeping a watchful eye on economic indicators, they are still planning to expand staffs at a steady pace and are actively competing for qualified labor. <strong>Forty-four percent of employers said they currently have open positions for which they cannot find qualified candidates<\/strong>.&#8221; One-in-four employers (27 percent) report they will add new employees in the fourth quarter. Six percent expect a decrease in staff levels while 62 percent anticipate no change and five percent are unsure.<\/p><\/blockquote>\n<p>Don&#8217;t you love how every piece of economic news is accompanied by the &#8220;housing slump and tight credit market&#8221; precursor? We moved 2.5 years ago because we knew the torrid housing market was starting to slow down. <em>2.5 years ago.<\/em> These reports characterize the housing slump as if it is breaking news when in actuality it is more like reporting on a glacier&#8217;s movement.<\/p>\n<p>I will refrain from launching on the stereotypical economic reporting of the mainstream media and instead focus on the fact that 44% of the surveyed employers have open positions and no qualified candidates. Almost half of the 2,700 companies cannot fill openings today &#8211; is it any wonder only 1 in 4 are going to expand hiring this quarter. They can&#8217;t fill their open positions today.<\/p>\n<p>This aspect of the story <em>is<\/em> the story.<\/p>\n<p>The ramifications of this immediate need provides a real threat to the economy. A shrinking labor pool (i.e. Baby Boomer retirement) combined with an expanding economy will put constraints on business growth. I would like to read a story based on that angle and the possible solutions for it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest Q4 hiring survey is out, this time from CareerBuilder and USAToday. From the press release with my emphasis: The survey, titled &#8220;Q4 2007 Job Forecast,&#8221; was conducted from August 10 through September 4, 2007 of more than 2,700 hiring managers and human resource professionals in private sector companies. &#8220;Given the housing slump and tight credit market, caution is to be expected when it comes to hiring in the fourth quarter,&#8221; said Matt Ferguson, CEO of CareerBuilder.com. &#8220;While employers are keeping a watchful eye on economic indicators, they are still planning to expand staffs at a steady pace and are actively competing for qualified labor. Forty-four percent of employers&hellip; <a class=\"read-more\" href=\"https:\/\/selectmetrix.com\/blogs\/2007\/10\/and-the-economy-rolls-on\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[29,5],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-jH","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1221"}],"collection":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=1221"}],"version-history":[{"count":0,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1221\/revisions"}],"wp:attachment":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=1221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=1221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=1221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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