{"id":938,"date":"2018-07-10T15:17:40","date_gmt":"2018-07-10T20:17:40","guid":{"rendered":"http:\/\/www.employco.com\/blog\/?p=938"},"modified":"2018-07-26T15:19:32","modified_gmt":"2018-07-26T20:19:32","slug":"is-america-really-near-full-employment","status":"publish","type":"post","link":"https:\/\/www.employco.com\/blog\/2018\/07\/10\/is-america-really-near-full-employment\/","title":{"rendered":"Is America Really Near Full Employment?"},"content":{"rendered":"

Employment expert weighs in on the truth behind latest jobs numbers <\/em><\/p>\n

\"Jobs\"The latest jobs report has many people talking about \u201cfull employment\u201d and the fact that America is allegedly near this state. However, what does full employment really mean, and is our nation truly almost to this place?<\/p>\n

Rob Wilson, President of Employco USA and employment trends expert says, \u201cThe fact is that we are not at full employment yet.\u00a0 We\u2019ll know if we are approaching full employment when inflation starts to really pick up, which I expect to see within the next 6-9 months.\u00a0 At that time, I believe the Fed will answer with more dramatic rate increases and we\u2019ll virtually reach full employment.\u201d<\/p>\n

Wilson says that experts who are calling this \u2018full employment\u2019 are speaking too soon due to our rocky economic history.<\/p>\n

\u201cNormally, the general rule-of-thumb full employment indicator of around 4.5% can\u2019t be relied upon right now.\u00a0 We\u2019re still in uncharted waters coming out of the freakish recession and the new tariffs, which means the economic and employment industries are struggling with accurate predictions,\u201d says Wilson.<\/p>\n

However, Wilson says that the jobs\u2019 report is very good news, and right on track with what employers in this nation say they are experiencing.<\/p>\n

\u201cIn talking to our clients, even though we\u2019re not quite at the full employment level yet, employers are still having a difficult time finding good quality candidates for their open positions.\u00a0 We haven\u2019t seen significant wage growth that typically accompanies low unemployment rates, but I think that\u2019s next on the horizon,\u201d says Wilson. \u201cWe need to be careful to keep rapid wage growth under control, otherwise, the U.S. might face a brand-new set of problems that will be very tough to overcome.\u201d<\/p>\n

For more on this topic, please contact Rob Wilson at\u00a0rwilson@thewilsoncompanies.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Employment expert weighs in on the truth behind latest jobs numbers The latest jobs report has many people talking about \u201cfull employment\u201d and the fact that America is allegedly near this state. However, what does full employment really mean, and… <\/p>\n

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