[BHW2436]

Originally Posted by JayCT

This is very interesting. If every unemployed worker in the state took a job, there would still be 22,000 jobs unfilled. That means Connecticut has a severe labor shortage. So much for us having a bad economy. Jay

https://westfaironline.com/economy/c...stent-problem/

What does this stat have to do with a bad or good economy?

CT population growth has been terrible since 2008. Sure, a few good post covid years but CT has a lot of young single professionals (high income family less people under age 35) and not replenishing population when kids move away or people retire. A lot of houses in CT are peoples second homes, they only live here 6 months or less. They own a home but don’t contribute to the economy for half the year.

https://www.newsweek.com/america-lab...-1818545?amp=1

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[BobNJ1960]

Originally Posted by JayCT

This is very interesting. If every unemployed worker in the state took a job, there would still be 22,000 jobs unfilled. That means Connecticut has a severe labor shortage. So much for us having a bad economy. Jay

https://westfaironline.com/economy/c...stent-problem/

That's national btw, (more openings than official unemployed), not just Ct, and partly because employers today are not filling jobs promptly, and it's not simply a lack of applicants. There is not so much a shortage as an incorrect perception by employers that filling a role with an applicant even slightly less than perfect is tragic. I have seen and worked at corps who reposted roles again and again, looking for the perfect person. They don't exist. It is a counter productive philosophy. You can't dummy proof hiring decisions.

[JayCT]

Originally Posted by BHW2436

What does this stat have to do with a bad or good economy?

CT population growth has been terrible since 2008. Sure, a few good post covid years but CT has a lot of young single professionals (high income family less people under age 35) and not replenishing population when kids move away or people retire. A lot of houses in CT are peoples second homes, they only live here 6 months or less. They own a home but don’t contribute to the economy for half the year.

https://www.newsweek.com/america-lab...-1818545?amp=1

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Uh… having more jobs available than unemployed people to fill them is a sign that the economy is robust. That’s good. If it was the other way around you’d be crying recession. That’s kind of simple logic. Jay

[JayCT]

Originally Posted by BobNJ1960

That's national btw, (more openings than official unemployed), not just Ct, and partly because employers today are not filling jobs promptly, and it's not simply a lack of applicants. There is not so much a shortage as an incorrect perception by employers that filling a role with an applicant even slightly less than perfect is tragic. I have seen and worked at corps who reposted roles again and again, looking for the perfect person. They don't exist. It is a counter productive philosophy. You can't dummy proof hiring decisions.

Yet again you miss the point. It doesn’t matter if it’s a national trend or not. It doesn’t change the fact that in theory there are more jobs available than people to fill them. That’s why our unemployment rate is very low 3.6%. That’s impressive. Jay

[BHW2436]

Originally Posted by JayCT

Yet again you miss the point. It doesn’t matter if it’s a national trend or not. It doesn’t change the fact that in theory there are more jobs available than people to fill them. That’s why our unemployment rate is very low 3.6%. That’s impressive. Jay

Your post implied like it was special or unique to CT. He was just saying that CT isn’t an outlier, it’s simply mirroring national trends and data.

Both can be true. If I get an “A” on the exam, that can be something to be proud of and happy for. However, it’s less relevant or impressive if we find out that every single student got an “A” on that same exam.

The number of artificial jobs that are out there isn’t all that useful. As previously stated, a decent number of job openings now are not “real”. They are placeholders to build the bench and have a pipeline of candidates. One company I worked for had a couple of positions posted that they never intended to fill. It was “just in case” and used to collect resumes.

Again, perfectly fine stat but it’s not that meaningful in the current environment where it’s the norm.

[JayCT]

Originally Posted by BHW2436

Your post implied like it was special or unique to CT. He was just saying that CT isn’t an outlier, it’s simply mirroring national trends and data.

Both can be true. If I get an “A” on the exam, that can be something to be proud of and happy for. However, it’s less relevant or impressive if we find out that every single student got an “A” on that same exam.

The number of artificial jobs that are out there isn’t all that useful. As previously stated, a decent number of job openings now are not “real”. They are placeholders to build the bench and have a pipeline of candidates. One company I worked for had a couple of positions posted that they never intended to fill. It was “just in case” and used to collect resumes.

Again, perfectly fine stat but it’s not that meaningful in the current environment where it’s the norm.

I never said anything to imply that this was unique to Connecticut. It is your and BobNJ1960’s incorrect interpretation of my post that did that.

Also I disagree that it is not anything special. I highly doubt every state can say this. Also some here like to point out repeatedly negative statistics when we have them, so why is it immediately dismissed when a positive statistic is given? Makes me wonder…

I will once again point out that our state has an unemployment rate that basically is considered full employment with a leaning toward a labor shortage. We are also among the very top for per capita Gross Domestic Product and income and we are No. 1 for Disposable Income. That all points to a very strong economy in our state. We should proud of that, not dismissing it. Jay

[BobNJ1960]

Originally Posted by BHW2436

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The number of artificial jobs that are out there isn’t all that useful. As previously stated, a decent number of job openings now are not “real”. They are placeholders to build the bench and have a pipeline of candidates. One company I worked for had a couple of positions posted that they never intended to fill. It was “just in case” and used to collect resumes.

Unfortunately, that practice is common and insidious.

[BHW2436]

Originally Posted by JayCT

I never said anything to imply that this was unique to Connecticut. It is your and BobNJ1960’s incorrect interpretation of my post that did that.

Also I disagree that it is not anything special. I highly doubt every state can say this. Also some here like to point out repeatedly negative statistics when we have them, so why is it immediately dismissed when a positive statistic is given? Makes me wonder…

I will once again point out that our state has an unemployment rate that basically is considered full employment with a leaning toward a labor shortage. We are also among the very top for per capita Gross Domestic Product and income and we are No. 1 for Disposable Income. That all points to a very strong economy in our state. We should proud of that, not dismissing it. Jay

You started your post with “this is very interesting”. If we incorrectly thought you meant this was special or unique, then that’s our bad.

To me, it’s much less interesting when it applies to most things. I wouldn’t say “it’s interesting most adults in CT have 2 legs”. I also wouldn’t say it’s interesting CT has more jobs than people looking.

https://www.visualcapitalist.com/une...s-by-us-state/

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[JayCT]

Originally Posted by BHW2436

You started your post with “this is very interesting”. If we incorrectly thought you meant this was special or unique, then that’s our bad.

To me, it’s much less interesting when it applies to most things. I wouldn’t say “it’s interesting most adults in CT have 2 legs”. I also wouldn’t say it’s interesting CT has more jobs than people looking.

https://www.visualcapitalist.com/une...s-by-us-state/

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You are arguing for no reason. You misunderstood, it’s plain and simple. Jay

[JayCT]

Please stop the bickering and return to the topic of the OP which is the economic climate in Connecticut. JayCT, Moderator