News

Trump’s Economy Is So Hot, Employers Are Experiencing An Odd Problem

There is no doubt that the economy spearheaded by President Trump has been a juggernaut. But things have become so good that potential employees are not showing up for job interviews or jobs without any notifications. And while that may seem strange, the job market is such a buyers market that people aren’t worried about burning bridges wth companies.

LinkedIn Editor-in-Chief Dan Roth recently spoke about this trend on CBS. “This job market is so hot right now,” Roth said. “Unemployment is at a 18-year low. You’ve got more job openings than candidates, which is the first time the Labor Department has seen this. … It’s a buyers’ market right now.”

“In fields ranging from food service to finance, recruiters and hiring managers say a tightening job market and a sustained labor shortage have contributed to a surge in professionals abruptly cutting off contact and turning silent,” Chip Cutter, LinkedIn Editor-at-Large, wrote.

“Where once it was companies ignoring job applicants or snubbing candidates after interviews, the world has flipped,” Cutter said. “Candidates agree to job interviews and fail to show up, never saying more. Some accept jobs, only to not appear for the first day of work, no reason given, of course. Instead of formally quitting, enduring a potentially awkward conversation with a manager, some employees leave and never return.”

Unemployment is at 3.8% which is the lowest in 50 years. There is also a record-low unemployment rate for blacks and Hispanics.

(H/T Daily Wire)